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US S1268

US S1268
Trade Adjustment Assistance Reauthorization Act of 2015


summary

Introduced
05/11/2015
In Committee
Crossed Over
Passed
Dead
01/03/2017

Introduced Session

114th Congress

Bill Summary

Trade Adjustment Assistance Reauthorization Act of 2015

AI Summary

This bill, the Trade Adjustment Assistance Reauthorization Act of 2015, extends and modifies the Trade Adjustment Assistance (TAA) program, which provides benefits and training to workers who lose their jobs due to foreign trade. Key provisions include extending the program's termination date from December 31, 2013, to June 30, 2021, and increasing the funding for training to $450,000,000 annually for fiscal years 2015 through 2021. The bill also revises how the program's performance is measured and reported, focusing on annual data and specific outcomes like unsubsidized employment and credential attainment. Additionally, it clarifies eligibility for workers and firms whose petitions were filed between January 1, 2014, and the bill's enactment, and it extends the health coverage tax credit for individuals receiving TAA benefits until January 1, 2020, while also making adjustments to how this credit interacts with other healthcare subsidies. Finally, the bill includes provisions related to customs user fees, child tax credits, corporate estimated taxes, and Medicare coverage for individuals with acute kidney injury.

Sponsors (1)

Last Action

By Senator Hatch from Committee on Finance filed written report. Report No. 114-44. (on 05/12/2015)

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