WASHINGTON, June 3, 2004 – LAWFUEL – The following is a transcript of a
statement by President Bush:
I commend the House for passing the Worker Reemployment Accounts Act,
which establishes a pilot program for Personal Reemployment Accounts.
Personal Reemployment Accounts are an important reform in federal job
training, because workers decide how to use the funds to maximize their
likelihood of securing a job. A Personal Reemployment Account gives
unemployed Americans additional choices and flexibility to help them return to
work more quickly. They can use funds from their account to pay for what they
need most to help find a job, special training, child care, transportation,
relocation assistance, or a combination of these. Finally, there is a
reemployment bonus that lets workers who return to work quickly keep any
leftover funds from their account.
These innovative accounts that I proposed last year put decision-making
and resources directly in the hands of individuals who need the most help
getting back to work. I urge the Senate to pass this important legislation so
that we can help every American who wants to work find a job.