Summary: H.R.1050 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for H.R.1050. Bill summaries are authored by CRS.

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Introduced in House (02/24/1995)

A Living Wage, Jobs for All Act - Declares that the Congress affirms the basic economic rights and responsibilities under the 1944 "Economic Bill of Rights," while updating and extending it to include that: (1) every adult American able and willing to earn a living through paid work has the right to a free choice among opportunities for useful and productive part- or full-time paid employment at decent real wages or for self-employment; (2) every adult American unable to work for pay or find employment has the right to an adequate standard of living that rises with increases in the wealth and productivity of the society; and (3) there are certain other rights relating to collective bargaining, a safe working environment, health services, information on trends in pollution sources and products and processes that impact on the well-being of workers throughout the world, voting and campaigning, and personal security. Recognizes specified personal responsibilities of persons benefitting from such rights.

Makes it the responsibility of each Federal agency and commission, including the Board of Governors of the Federal Reserve System, to perform so as to help establish and maintain conditions under which all adult Americans may freely exercise the economic rights specified in 1944 and in this Act. Prohibits Federal agencies or commissions from directly or indirectly promoting recession, stagnation, or unemployment as a means of reducing wages and salaries or inflation.

(Sec. 3) Directs the President to establish a program to implement such basic economic rights and responsibilities. Sets forth policies and projects to be included under such program. Includes such program in the annual submission of budget.

(Sec. 4) Requires all budget messages transmitted from the President to the Congress to be based on policies and programs to reduce officially measured unemployment to the interim levels set forth in the Full Employment and Balanced Growth Act of 1978 and to include specified impact analyses and other information.

(Sec. 5) Provides for Joint Economic Committee oversight of, and annual reports on, actions taken or proposed to be taken under this Act. Requires the Joint Economic Committee to submit an annual Concurrent Resolution on Economic Policy setting forth both in aggregate terms and in detail its proposed goals for employment by type of employment, with special attention to hours, wages, and social benefits, and for reducing unemployment, underemployment, and poverty in urban, suburban and rural areas. Requires these goals to serve as the framework for any concurrent resolutions on the Federal budget.

(Sec. 6) Authorizes appropriations.