((a)) ** Plans** A State may submit to the Secretary, and the Secretary may approve, a workforce flexibility plan under which the State is authorized to waive, in accordance with the plan—

((1)) any of the statutory or regulatory requirements applicable under this subchapter to local areas, pursuant to applications for such waivers from the local areas, except for requirements relating to the basic purposes of this subchapter, wage and labor standards, grievance procedures and judicial review, nondiscrimination, eligibility of participants, allocation of funds to local areas, establishment and functions of local areas and local boards, procedures for review and approval of local plans, and worker rights, participation, and protection;

((2)) any of the statutory or regulatory requirements applicable under sections 49g through 49i of this title to the State (excluding requirements relating to the provision of services to unemployment insurance claimants and veterans, and requirements relating to universal access to basic labor exchange services without cost to jobseekers); and

((3)) any of the statutory or regulatory requirements applicable under the Older Americans Act of 1965 ( et seq.) to State agencies on aging with respect to activities carried out using funds allotted under section 506(b) of such Act (), except for requirements relating to the basic purposes of such Act, wage and labor standards, eligibility of participants in the activities, and standards for grant agreements.

((b)) ** Content of plans** A workforce flexibility plan implemented by a State under subsection (a) shall include descriptions of—

((1))

((A)) the process by which local areas in the State may submit and obtain approval by the State of applications for waivers of requirements applicable under this subchapter; and

((B)) the requirements described in subparagraph (A) that are likely to be waived by the State under the plan;

((2)) the requirements applicable under sections 49g through 49i of this title that are proposed to be waived, if any;

((3)) the requirements applicable under the Older Americans Act of 1965 [ et seq.] that are proposed to be waived, if any;

((4)) the outcomes to be achieved by the waivers described in paragraphs (1) through (3); and

((5)) other measures to be taken to ensure appropriate accountability for Federal funds in connection with the waivers.

((c)) ** Periods** The Secretary may approve a workforce flexibility plan for a period of not more than 5 years.

((d)) ** Opportunity for public comments** Prior to submitting a workforce flexibility plan to the Secretary for approval, the State shall provide to all interested parties and to the general public adequate notice of and a reasonable opportunity for comment on the waiver requests proposed to be implemented pursuant to such plan.