Bill > S1003

This bill, the Trade Adjustment Assistance Enhancement Act of 2015, aims to extend and improve the Trade Adjustment Assistance (TAA) program, which provides benefits and retraining to workers, firms, and farmers negatively impacted by foreign trade. Key provisions include repealing a "snapback" provision that would have automatically ended certain TAA benefits, extending the program's termination date from December 31, 2013, to June 30, 2021, and increasing the annual funding cap for training to $450,000,000 for fiscal years 2015 through 2021. The bill also revises performance measurement and reporting for the TAA program, shifting from quarterly to annual reporting and defining specific "primary indicators of performance" such as employment status and earnings after program exit, and the attainment of recognized postsecondary credentials. Furthermore, it clarifies the applicability of TAA provisions for petitions filed before and after the bill's enactment, ensuring that workers and firms affected by trade can continue to access assistance, and establishes a "sunset" provision that would revert to earlier TAA laws after June 30, 2021, with exceptions for those already certified for assistance.