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Code · BILL · 115th Congress · H.R. 2931 (Introduced in House) — To expand certain empowerment zone provisions to communities receiving a Worker Adjustment and Retraining Notificatio... · Sec. 8

Sec. 8. Federal economic support team

386 words·~2 min read·/bill/115/hr/2931/ih/section-8

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Secretary of Commerce shall deploy a targeted investment generating economic recovery team to a region to provide support and assistance to such region if— the Governor of the State requests such deployment; and the Secretary of Commerce determines that the region is experiencing an actual or threatened abrupt rise of unemployment or economic hardship due to the closing or curtailment of a major source of employment, significant industry transition, or other mitigating economic factors, including international trade.
In providing support and assistance to a region under subsection (a), a targeted investment generating economic recovery team shall work in coordination with a State or regional economic development and workforce agency and the Rapid Response team of the Department of Labor to assist in the development of an economic recovery and employment plan for the region, including by identifying grants, sources of State and Federal funding, and unemployment insurance resources (including short-time compensation) which may be beneficially utilized in the region.
In addition to the support and assistance provided under paragraph (1), in a case in which the actual or threatened abrupt rise of unemployment or economic hardship in the region involves the shutdown of a facility of a business unit, the team shall work in coordination with the Administrator of the Small Business Administration to assess the feasibility and advisability of an employee purchase of such business unit. In addition to the support and assistance provided by a team under paragraph
(1)to a region, the team, in coordination with the Secretary of Labor, shall— coordinate the activities of all Federal agencies relating to the provision of assistance to the region in response to the actual or threatened abrupt rise of unemployment or economic hardship referred to in subsection (a)(2); and act as a liaison between the region and all Federal agencies providing assistance in response to such actual or threatened abrupt rise of unemployment or economic hardship, including, as the case may be, the following: The Department of Agriculture. The Department of Commerce. The Department of Defense. The Department of Education. The Department of Energy. The Department of Health and Human Services. The Department of Housing and Urban Development. The Department of Labor. The Department of Transportation. The Department of the Treasury. The National Economic Council. The Small Business Administration. The Department of Veterans Affairs.
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