Summary: H.R.1040 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for H.R.1040. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/27/2003)

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: (1) certain rights to decent jobs, income security for individuals unable to work for pay, a decent living for farm families, freedom from monopolies, decent housing, adequate health services, social security in old age, sickness, accidental injury, and unemployment, and education and work training; and (2) certain other rights relating to collective bargaining, a safe working environment, information on trends in pollution sources and products and processes that affect the well-being of workers throughout the world, voting and campaigning, and personal security.

Requires corporations registered with the Securities and Exchange Commission to disclose fully in annual reports the impact of their activities in the United States and other countries on environmental quality and on the rights of other stakeholders, including employees, consumers, and communities. Requires each State, as a condition of Federal grants and contracts, also to require all State-chartered corporations to submit such annual reports.

Directs the Attorney General to establish a computerized registration program of all corporations found guilty of violating a Federal or State law. Authorizes the President to deny Federal contracts, loans, or loan guarantees to non-compliant corporations.

Requires Federal agencies and commissions, including the Board of Governors of the Federal Reserve System, 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 promoting recession, stagnation, or unemployment to reduce wages or inflation.

Directs the President to establish a full employment framework for the annual budget submitted to the Congress that meets specified goals for: (1) quality of life and environment; (2) responsible, sustainable growth; (3) unemployment reduction; and (4) human rights.

Requires the Joint Economic Committee to oversee actions under this Act and submit an annual Concurrent Resolution on Economic Policy setting forth its proposed employment goals.