Trade Adjustment Assistance Program Extended and Retroactive Benefits Secured until 2030
This Act extends a crucial assistance program for workers, firms, and farmers who suffered job losses or economic hardship due to foreign trade competition until the end of 2030. This ensures the continuity of financial and training support. Importantly, the law allows workers and firms who applied for aid after July 2021 to have their applications reconsidered, granting them access to previously unavailable benefits.
Key points
The Trade Adjustment Assistance (TAA) program is extended until December 31, 2030, ensuring continued financial aid and training for workers affected by trade competition.
Workers and firms who applied for aid between July 2021 and the Act's enactment date can have their applications reconsidered, granting them access to previously unavailable benefits.
Funding for training programs and assistance for workers, firms, and farmers is secured through 2031.
Expired
Additional Information
Print number: 118_S_4582
Sponsor: Sen. Brown, Sherrod [D-OH]
Process start date: 2024-06-18