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Job Guarantee Program and Financial Transaction Tax to Boost Workforce Access

This law establishes a grant program to guarantee jobs for unemployed individuals in specific areas, providing a minimum wage of $15/hour, comprehensive health benefits, and paid leave. The program is funded by a new, small tax (0.1%) imposed on financial trading transactions involving securities and derivatives. The goal is to enhance employment and financial security for citizens by ensuring stable, well-compensated jobs.
Key points
Guaranteed employment for unemployed individuals in designated areas, with a minimum wage of $15/hour or the prevailing wage, whichever is higher, plus full benefits.
All guaranteed jobs must provide health insurance comparable to Federal employee benefits and paid family/sick leave.
Introduction of a new 0.1% tax on stock and derivative trading transactions to fund the job guarantee program.
Access to up to 8 weeks of paid training and supportive services like childcare and transportation for program participants.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 117_HR_1388
Sponsor: Rep. Watson Coleman, Bonnie [D-NJ-12]
Process start date: 2021-02-25
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

WPA Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1388.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-25.

What are the main provisions?

Key points include:

  • Guaranteed employment for unemployed individuals in designated areas, with a minimum wage of $15/hour or the prevailing wage, whichever is higher, plus full benefits.
  • All guaranteed jobs must provide health insurance comparable to Federal employee benefits and paid family/sick leave.
  • Introduction of a new 0.1% tax on stock and derivative trading transactions to fund the job guarantee program.
  • Access to up to 8 weeks of paid training and supportive services like childcare and transportation for program participants.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Watson Coleman, Bonnie [D-NJ-12].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Worker and Family Support.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

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