Domestic workforce fund

(a) In general Subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 9512. Domestic workforce fund (a) Establishment There is established in the Treasury of the United States a trust fund to be known as the Domestic Workforce Fund (hereafter in this section referred to as the Fund), consisting of such amounts as may be appropriated, credited, or paid into the Fund as provided in this section or section 9602(b). (b) Transfer to fund There are hereby appropriated to the Fund amounts equivalent to the amounts received in the Treasury under— (1) the tax imposed under section 5000E, (2) so much of the additions to tax under section 6051(a) as relates to the failure to pay taxes imposed under section 5000E, and (3) so much of the penalties imposed under part II of suchchapter B of chapter 68 as relates to returns described in section 2(b) of the Halting International Relocation of Employment Act. (c) Expenditures from fund Amounts in the Fund shall be available, without further appropriation, solely for the following purposes: (1) Workforce development and retraining programs administered by the Department of Labor. (2) Apprenticeship programs and partnerships with industry to expand domestic employment in sectors impacted by outsourcing. (3) Grants to States for workforce development initiatives targeted at communities with high levels of job displacement.. (b) Clerical amendment The table of sections for subchapter A of chapter 98 of such Code is amended by adding at the end the following new item: Sec. 9512. Domestic workforce fund..