; and (2) by adding at the end the following: (2) Penalties involving young workers Civil penalties enhanced pursuant to subsection (a)(2)(A) or subsection (a)(2)(B)(ii) shall be deposited in the fund established by section 4A(b) of the Fair Labor Standards Act of 1938. . III Updating Standards to Protect Children 301. Improving process for updating standards on conditions of oppressive child labor (a) Rulemaking policies (1) Permitted work (A) In general Section 12 of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 212 ) is amended by adding at the end the following: (e) Children’s welfare . (B) Transfer amendment The last sentence of section 3(l) of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 203(l) ) is— (i) transferred to subsection (e) of section 12 of such Act ( 29 U.S.C. 212 ); and (ii) inserted so as to appear after the subsection heading of such section 12. (2) Hazardous occupations Section 12 of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 212 ) is further amended by adding at the end the following: (f) Hazardous occupations (1) Periodic review The Secretary shall periodically review the hazardous occupation orders promulgated by the Secretary to determine if, to more adequately protect children from oppressive child labor, a new hazardous occupation order should be promulgated, or an update to an existing such order should be promulgated. (2) Considerations In determining the need for promulgating a new hazardous occupation order or promulgating an update to an existing such order, the Secretary shall— (A) place preeminent value on assuring the safety, health, and well-being of children; (B) take into consideration the vulnerable, formative, and malleable nature of childhood and adolescence, which requires a higher standard of protection for children than that accorded to adults