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Trade Adjustment Assistance Extension Act of 2021
12/31/2022, 4:58 AM
Summary of Bill HR 4242
Bill 117 hr 4242, also known as the Trade Adjustment Assistance Extension Act of 2021, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to extend the Trade Adjustment Assistance (TAA) program, which provides assistance to workers who have lost their jobs as a result of foreign trade.
The TAA program was first established in 1962 and has been reauthorized several times since then. It provides a variety of benefits to eligible workers, including job training, income support, and health care coverage. The program is intended to help workers transition to new employment opportunities and mitigate the negative effects of trade on American workers.
If passed, Bill 117 hr 4242 would extend the TAA program for an additional period of time, ensuring that workers who have been adversely affected by trade continue to receive the assistance they need. The bill also includes provisions to improve the efficiency and effectiveness of the program, such as streamlining the application process and increasing funding for training and support services. Overall, the Trade Adjustment Assistance Extension Act of 2021 aims to support American workers who have been impacted by international trade, helping them to re-enter the workforce and secure stable employment. It is an important piece of legislation that addresses the challenges faced by workers in an increasingly globalized economy.
The TAA program was first established in 1962 and has been reauthorized several times since then. It provides a variety of benefits to eligible workers, including job training, income support, and health care coverage. The program is intended to help workers transition to new employment opportunities and mitigate the negative effects of trade on American workers.
If passed, Bill 117 hr 4242 would extend the TAA program for an additional period of time, ensuring that workers who have been adversely affected by trade continue to receive the assistance they need. The bill also includes provisions to improve the efficiency and effectiveness of the program, such as streamlining the application process and increasing funding for training and support services. Overall, the Trade Adjustment Assistance Extension Act of 2021 aims to support American workers who have been impacted by international trade, helping them to re-enter the workforce and secure stable employment. It is an important piece of legislation that addresses the challenges faced by workers in an increasingly globalized economy.
Congressional Summary of HR 4242
Trade Adjustment Assistance Extension Act of 2021
This bill extends through July 23, 2021, the Trade Adjustment Assistance Program, which provides aid to workers who lose their jobs or whose hours of work and wages are reduced as a result of increased imports.
Read the Full Bill
Current Status of Bill HR 4242
Bill HR 4242 is currently in the status of Bill Introduced since June 29, 2021. Bill HR 4242 was introduced during Congress 117 and was introduced to the House on June 29, 2021. Bill HR 4242's most recent activity was Referred to the Subcommittee on Trade. as of June 29, 2021
Bipartisan Support of Bill HR 4242
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4242
Primary Policy Focus
Foreign Trade and International FinancePotential Impact Areas
- Employee benefits and pensions
- Health care costs and insurance
- Trade adjustment assistance
- Wages and earnings
Alternate Title(s) of Bill HR 4242
To extend the trade adjustment assistance program for one month.
Trade Adjustment Assistance Extension Act of 2021
Trade Adjustment Assistance Extension Act of 2021
Comments
Sponsors and Cosponsors of HR 4242
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