Home > 105th Congressional Bills > H.R. 4445 (ih) To amend the Community Reinvestment Act of 1977 to exempt depository institutions which have total assets of $250,000,000 or less from the requirements of such Act. ...H.R. 4445 (ih) To amend the Community Reinvestment Act of 1977 to exempt depository institutions which have total assets of $250,000,000 or less from the requirements of such Act. ...
entity intends to include the optional categories
described in paragraph (5)(C)(iii), and the additional
criteria and priority for service that the eligible
entity intends to apply, if any, pursuant to paragraph
(5)(C)(ii)(II);
``(C) a description of the methods or procedures to
be used to provide eligible individuals information
relating to services and providers;
``(D) a description of safeguards to ensure that
funds from the personal reemployment accounts are used
for purposes authorized under this subsection and to
ensure the quality and integrity of services and
providers, consistent with the purpose of providing
eligible individuals with enhanced flexibility, choice,
and control in obtaining intensive reemployment,
training, and supportive services;
``(E) a description of how the eligible entity will
coordinate the activities carried out under this
subsection with the employment and training activities
carried out under section 134 and other activities
carried out by local boards through the one-stop
delivery system in the State or local area; and
``(F) an assurance that the eligible entity will
comply with any evaluation and reporting requirements
the Secretary may require.
``(7) Use of personal reemployment accounts.--
``(A) Allowable activities.--
``(i) In general.--Subject to the
requirements contained in clauses (ii) and
(iii), a recipient of a personal reemployment
account may use amounts in a personal
reemployment account to purchase 1 or more of
the following:
``(I) Intensive services, including
those type of services specified in
section 134(d)(3)(C).
``(II) Training services, including
those types of services specified in
section 134(d)(4)(D).
``(III) Supportive services, except
for needs related payments.
``(ii) Delivery of services.--The following
requirements relating to delivery of services
shall apply to the grants under this
subsection:
``(I) Recipients may use funds from
the personal reemployment account to
purchase the services described in
clause (i) through the one-stop
delivery system on a fee-for-service
basis, or through other providers,
consistent with the safeguards
described in paragraph (6)(D).
``(II) The eligible entity, through
the one-stop delivery system in the
participating local area, may pay costs
for such services directly on behalf of
the recipient, through a voucher
system, or by reimbursement to the
recipient upon receipt of appropriate
cost documentation.
``(III) Each eligible entity,
through the one-stop delivery system in
the participating local area, shall
make available to recipients
information on training providers
specified in section 134(d)(4)(F)(ii),
information available to the one-stop
delivery system on providers of the
intensive and supportive services
described in clause (i), and
information relating to occupations in
demand in the local area.
``(iii) Limitations.--The following
limitations shall apply with respect to
personal reemployment accounts under this
subsection:
``(I) Amounts in a personal
reemployment account may be used for up
to 1 year from the date of the
establishment of the account.
``(II) Each recipient shall submit
cost documentation as required by the
one-stop delivery system.
``(III) For the 1-year period
following the establishment of the
account, recipients may not receive
intensive, supportive, or training
services funded under this title except
on a fee-for-services basis as
specified in clause (ii)(I).
``(IV) Amounts in a personal
reemployment account shall be
nontransferable.
``(B) Reemployment bonus.--
``(i) In general.--Subject to clause (ii)--
``(I) if a recipient determined
eligible under paragraph (5)(C)(ii)
obtains full-time employment before the
13th week of unemployment for which
unemployment compensation is paid, the
balance of his or her personal
reemployment account shall be provided
directly to the recipient in cash; and
``(II) if a recipient determined
eligible under paragraph (5)(C)(iii)
obtains full-time employment before the
end of the 13th week after the date on
which the account is established, the
balance of his or her personal
reemployment account shall be provided
directly to the recipient in cash.
``(ii) Limitations.--The following
limitations shall apply with respect to a
recipient described in clause (i):
``(I) 60 percent of the remaining
personal reemployment account balance
shall be paid to the recipient at the
time of employment.
``(II) 40 percent of the remaining
personal reemployment account shall be
paid to the recipient after 26 weeks of
employment retention.
``(iii) Exception regarding subsequent
employment.--If a recipient described in clause
(i) subsequently becomes unemployed due to a
lack of work after receiving the portion of the
reemployment bonus specified under clause
(ii)(I), the individual may use the amount
remaining in the personal reemployment account
for the purposes described in subparagraph (A)
but may not be eligible for additional cash
payments under this subparagraph.
``(8) Program information and evaluation.--
``(A) Information.--The Secretary may require from
eligible entities the collection and reporting on such
financial, performance, and other program-related
information as the Secretary determines is appropriate
to carry out this subsection, including the evaluation
described in subparagraph (B).
``(B) Evaluation.--
``(i) In general.--The Secretary, pursuant
to the authority provided under section 172,
shall, directly or through grants, contracts,
or cooperative agreement with appropriate
entities, conduct an evaluation of the
activities carried out under any grants awarded
under this subsection.
``(ii) Report.--The report to Congress
under section 172(e) relating to the results of
the evaluations required under section 172
shall include the recommendation of the
Secretary with respect to the use of personal
reemployment account as a mechanism to assist
individuals in obtaining and retaining
employment.''.
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