We present an effective Chern-Simons theory for the bulk fully polarized fractional quantum Hall (FQH) hierarchical states constructed as daughters of general states of the Jain series, {\it i. e.} as FQH states of the quasi-particles or quasi-holes of Jain states. We discuss the stability of these new states and present two reasonable stability criteria. We discuss the theory of their edge states which follows naturally from this bulk theory. We construct the operators that create elementary excitations, and discuss the scaling behavior of the tunneling conductance in different situations. Under the assumption that the edge states of these fully polarized hierarchical states are unreconstructed and unresolved, we find that the differential conductance $G$ for tunneling of electrons from a Fermi liquid into {\em any} hierarchical Jain FQH states has the scaling behavior $G∼ V^α$ with the universal exponent $α=1/ν$, where $ν$ is the filling fraction of the hierarchical state. Finally, we explore alternative ways of constructing FQH states with the same filling fractions as partially polarized states, and conclude that this is not possible within our approach. ; Comment: 10 pages, 50 references, no figures; formerly known as "Composite Fermions: The Next Generation(s)" (title changed by the PRB thought police). This version has more references and a discussion of the stability of the new states. Published version. One erroneous reference is corrected