; and (2) by inserting after section 171 the following: 172. Pay-for-performance workforce development program (a) General authority The Secretary shall establish and carry out a Pay-for-Performance workforce development program. In carrying out the program, the Secretary may enter into agreements with eligible entities to provide for workforce development projects that are designed to accomplish outcomes that, in turn, enable the eligible entities to achieve specified long-term employment-related goals. (b) Long-Term employment-Related goals Not less often than annually, the Secretary shall issue guidance that specifies long-term employment-related goals, such as sustained long-term employment or increased earnings over time, for projects carried out under this section. The guidance shall specify long-term employment-related goals that an eligible entity shall address in an application for a project to be carried out in the upcoming fiscal year. (c) Eligible entities To be eligible to enter into an agreement under this section, an entity shall be a State, a political subdivision of a State, a State board, a local board, an Indian tribe or tribal organization (as such terms are defined in section 166(b)), or a partnership of entities described in this subsection. (d) Applications To be eligible to enter into an agreement under this section, an entity shall submit an application to the Secretary at such time, in such manner, and containing such information as the Secretary may require, including— (1) a description of a potential workforce development approach that the entity proposes to carry out by entering into a contract with one or more service providers for a workforce development project, in accordance with an outcomes rate card described in subsection (e)(1) and approved as part of the application; (2) a description of the geographic area and target population that the entity intends to serve through the project, along with a data-driven rationale for the size and expected impact of the project