What is the official ID of this bill?
The official print number for this legislation is HR 7805.
Expanded Financial and Training Support for Trade-Impacted Workers.
The bill reauthorizes and expands assistance programs for workers, farmers, and businesses who lost jobs or income due to international trade. It introduces higher job search allowances, new childcare benefits, and a permanent, increased health insurance tax credit. These changes will make it easier for citizens to retrain and find new jobs without facing severe financial hardship.
Key points
Increases job search and relocation allowances from $1,250 to $2,000, adjusted annually for inflation.
Introduces a new child and dependent care allowance of up to $2,000 per year to help workers attend training.
Makes the Health Coverage Tax Credit (HCTC) permanent and increases it from 72.5% to 80%.
Expands eligibility for assistance to include teleworkers, staffed workers, and public agency employees.
Raises financial assistance limits for trade-impacted farmers (up to $36,000) and businesses (up to $300,000).
Status:
Introduced
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