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Trade Impact Relief: Grants for Job Retention and Community Development.

This law establishes a grant program to assist communities and workers negatively affected by foreign trade practices. Funds, sourced from anti-dumping duties, will be used primarily to help local businesses maintain production and employment. If direct business aid is not feasible, the money must be invested in essential community improvements like infrastructure, healthcare, education, and affordable housing.
Key points
Creation of the Resilient Communities Fund, financed by duties collected on unfairly traded imported goods, not general taxes.
Financial support for local manufacturers to sustain production and jobs in areas suffering from trade-related economic injury.
Funds can be used for broad economic development, including improving infrastructure, healthcare access, education, and building affordable housing.
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Additional Information
Print number: 118_S_3425
Sponsor: Sen. Baldwin, Tammy [D-WI]
Process start date: 2023-12-06