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    Since 2007, the Ohio Workforce Coalition brings together leaders from education and training institutions, economic and workforce development organizations, business and industry, labor, and human service providers. The Coalition promotes public policies that build the skills of adult workers, meet employer skill needs, and strengthen the workforce system to ensure opportunity and prosperity for Ohio families.
  • July 2010
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Ways and Means releases new job creation bill, including Emergency Fund HR 5893

From the Center on Law and Social Policy

HR 5893. Emergency Fund would be renamed “Emergency Fund for Job Creation and Assistance.” States could receive up to 30% of adjusted block grant during FY 2011. Authorization is “such sums as necessary” with a cost estimate of $3.5 billion. My understanding is that the additional $1 billion is to cover the costs of summer jobs programs that were operated under the Emergency Fund since no separate funding was provided for them. No carryover of the $5 billion, except for the wage costs for people placed in subsidized jobs before September 30, 2010.

The other job creation provisions in the bill are the Build America Bonds and some other tax incentives for investment. The bill is fully offset, so it does not increase the deficit.

The Rules committee will take it up tonight and it should go to the floor tomorrow or Friday, before the House recesses. The House has passed bills containing the Emergency Fund twice before, so the odds seem good there. Not clear what the prospects on the Senate side are.

Summary of bill:
http://waysandmeans.house.gov/media/pdf/111/HR_5893_Summary.pdf Legislative language:
http://waysandmeans.house.gov/media/pdf/111/HR_5893.pdf (Emergency Fund is Sec 201, starting on page 14)
Ways and Means summary of the Emergency Fund provisions:
http://waysandmeans.house.gov/media/pdf/111/HR_5893_Emergency_Fund.pdf

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