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US S4582

US S4582
Trade Adjustment Assistance Reauthorization Act of 2024


summary

Introduced
06/18/2024
In Committee
06/18/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A bill to reauthorize the trade adjustment assistance program.

AI Summary

This bill reauthorizes the Trade Adjustment Assistance (TAA) program, which provides benefits and services to workers, firms, and farmers who have been adversely affected by increased imports or shifts in production. The key provisions of the bill include: 1. Extending the termination date of the TAA program from June 30, 2021, to December 31, 2030. 2. Extending the authorization of appropriations for TAA for workers, firms, and farmers from 2015-2021 to 2025-2031. 3. Establishing criteria for certifying workers and firms who filed petitions for TAA between July 1, 2021, and the date of enactment, including allowing the Secretary of Labor and the Secretary of Commerce to reconsider previously denied petitions. 4. Allowing firms that did not submit petitions between July 1, 2021, and the date of enactment to still be certified as eligible for TAA if they file a petition within 90 days of the enactment date. The bill aims to ensure the continued availability of TAA benefits and services to workers, firms, and farmers affected by international trade.

Committee Categories

Budget and Finance

Sponsors (15)

Last Action

Read twice and referred to the Committee on Finance. (on 06/18/2024)

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