Youth Summer Jobs Act of 2012 - Establishes in the Treasury the Youth Summer Employment Success Fund, consisting of $2 billion of discretionary federal funds permanently rescinded in this Act.
Rescinds permanently $15 billion in unobligated discretionary federal funds for each of FY2012 and FY2013.
Requires the Secretary of Labor to make certain Fund allocations to states with approved modification plans, qualifying outlying areas (U.S. Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, and the Republic of Palau), and Native American, Alaska Native, and Native Hawaiian program grantees to provide summer employment opportunities youth aged 16-24.
Subjects activities funded under this Act to federal labor standards and nondiscrimination requirements.
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