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Improved Access to Trade Adjustment Assistance Act

12/31/2022, 8:59 AM

Summary of Bill HR 5258

Bill 117 HR 5258, also known as the Improved Access to Trade Adjustment Assistance Act, aims to enhance the Trade Adjustment Assistance (TAA) program to better assist workers who have been negatively impacted by international trade. The TAA program provides aid to workers who have lost their jobs or had their hours reduced due to increased imports or shifts in production to foreign countries.

The key provisions of this bill include expanding eligibility for TAA benefits to workers in the service industry, as well as to workers in industries that have been affected by trade with countries that do not have free trade agreements with the United States. Additionally, the bill seeks to streamline the application process for TAA benefits and provide more comprehensive job training and reemployment services to eligible workers.

Furthermore, the bill aims to increase funding for the TAA program to ensure that all eligible workers receive the assistance they need. This includes funding for job search and relocation allowances, as well as income support for workers who are enrolled in training programs. Overall, the Improved Access to Trade Adjustment Assistance Act seeks to strengthen and improve the TAA program to better support workers who have been adversely affected by international trade. By expanding eligibility, streamlining the application process, and increasing funding, this bill aims to provide more comprehensive assistance to workers in need.

Congressional Summary of HR 5258

Improved Access to Trade Adjustment Assistance Act

This bill expands eligibility for trade adjustment assistance, which is federal aid provided to workers who lose their jobs or whose hours of work and wages are reduced as a result of increased imports.

Specifically, the bill makes workers of a firm with sales or production that failed to increase or will decrease absolutely due to a scheduled or imminently anticipated, long-term decrease in or reallocation of the production capacity of the firm eligible for trade adjustment assistance. Currently, this assistance is only available if a firm's sales or production have decreased absolutely.

Current Status of Bill HR 5258

Bill HR 5258 is currently in the status of Bill Introduced since September 14, 2021. Bill HR 5258 was introduced during Congress 117 and was introduced to the House on September 14, 2021.  Bill HR 5258's most recent activity was Referred to the Subcommittee on Trade. as of September 14, 2021

Bipartisan Support of Bill HR 5258

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5258

Primary Policy Focus

Foreign Trade and International Finance

Alternate Title(s) of Bill HR 5258

To amend the Trade Act of 1974 to modify the group eligibility requirements under trade adjustment assistance for workers program.
Improved Access to Trade Adjustment Assistance Act
Improved Access to Trade Adjustment Assistance Act

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