Private Sector Opportunities Act

[AI summary unavailable — showing source text] Private Sector Opportunities Act - Amends title VII (Private Sector Opportunities for the Economically Disadvantaged) of the Comprehensive Employment and Training Act (CETA) to revise provisions for private sector programs. Makes eligible for participation in such programs unemployed or underemployed individuals who reside in designated enterprise zones (replaces the current eligibility standard based on individual low-income). Retains the requirement that 95 percent of title VII funds be allocated among prime sponsors, but deletes a provision that the remainder of such funds be used by the Secretary of Labor to assist prime sponsors jointly establishing a single private industrial council and specified Native American assistance to specified Native American entities. Permits prime sponsors to use such funds for coordination with other economic development activities. Requires that descriptions of proposed private sector initiatives include provisions for training and placement activities in business concerns, especially in small businesses, and for involving, where feasible, community-based organizations. Requires that prime sponsors (or specified Native American, Alaskan, or Hawa…