Guaranteed Employment Act

Guaranteed Employment Act - Sets forth definitions of terms used in this Act.

Authorizes to be appropriated such sums as may be necessary for the purposes of this Act. States that any funds appropriated to carry out this Act which are not obligated prior to the end of the of the fiscal year for which such sums are appropriated shall remain available for obligation in any fiscal year may be expended during a period of two years from the date of obligation.

Provides that not less than eighty percent of the funds appropriated under this Act in any fiscal year shall be apportioned by the Secretary of Labor among the States in an equitable manner, taking into consideration the proportion which the total number of unemployed persons, and of persons heading low-income families and unrelated low-income persons in each such State bears to such total numbers, respectively, in the United States and the remainder shall be available as the Secretary deems appropriate.

Provides that the Secretary shall enter into arrangements with eligible applicants in accordance with the provisions of this Act in order to make financial assistance available for the purpose of providing employment for unemployed and underemployed persons in jobs providing needed public services.

States that an application under this Act shall set forth a public service employment program designed to provide employment and, where appropriate, training and manpower services related to such employment in such fields as health care, public safety, education, transportation, maintenance of parks, streets and other public facilities, solid waste removal, pollution control, housing and neighborhood improvement, rural development, conservation, beautification, and other fields of human betterment and community improvement.

Sets forth provisions which an application for financial assistance under this Act shall include.

Provides that the Secretary may prescribe such rules, regulations, guidelines, and other published interpretations or orders under this Act as he deems necessary. Sets forth administrative procedures which the Secretary shall utilize under this Act.

States that appropriations under this Act are authorized to be included in the Appropriations Act for the fiscal year preceding the fiscal year for which they are available for obligation.

Requires the Secretary to develop a comprehensive system of labor market information on employment opportunities and trends, and a computerized job bank program for placement purposes, both of which programs are to be conducted on a national, State, regional, or local basis.

Allows funds appropriated under this Act to be transferred, with the approval of the Director of the Office of Management and Budget, between departments and agencies of the Federal Government, if such funds are used for the purposes for which they are specifically authorized and appropriated.

Provides that the Secretary shall appoint an Advisory Committee on Public Service Employment which shall consist of at least thirteen but not more than seventeen members and shall be composed of persons representative of labor, management, agriculture, education, and economic opportunity programs, as well as representatives of the unemployed. Sets forth the terms of office of the members of such committee.

Sets forth the functions of the Advisory Committee. Provides that the committee shall make an annual report and such other reports as it deems necessary and appropriate on its findings, recommendations, and activities to the Secretary and the Congress.

States that the Secretary where appropriate may assist in the establishment of representative advisory committees on a community, State and regional basis.

Provides that the Secretary shall make such reports and recommendations to the President as he deems appropriate pertaining to manpower requirements, resources, and use, and his recommendations for the forthcoming fiscal year. States that the President shall transmit to Congress within sixty days after the beginning of each regular session a report pertaining to manpower requirements, resources and use.

Provides that the Secretary shall transmit annually a detailed report setting forth the activities conducted under this Act.