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CONGRESS MAKES CHANGES TO
TRADE ADJUSTMENT ASSISTANCE FOR FIRMS PROGRAM
The American
Recovery and Reinvestment Act of 2009 passed by the U.S. Congress
and signed into law included provisions to expand the Trade
Adjustment Assistance for Firms program at the U.S. Department of
Commerce. In addition to technical changes to eligibility criteria
for the review of Petitions for Eligibility, the legislation
expanded the potential pool of clients significantly by allowing
“service” industry firms the opportunity to apply for TAA. The
decision to allow service firms to become eligible for TAA was based
on the fact that 80 percent of U.S. workers are employed in the
service sector. Additionally, the expansion allows for some
flexibility in collecting data to demonstrate import impaction by
allowing a petitioner to utilize customer import information if it
accounts for a significant percentage of the decline of the firm’s
sales or production. Similar changes were also made to the TAA for
Workers program at the U.S. Department of Labor. Changes to the
existing program take effect on May 17, 2009. Look to this web site
for updates soon. If you have specific questions about these changes
or any other issue, please contact the nearest TAAC in your region.
Please click on
the link to
H.R. 1, the American Recovery and Reinvestment Act of 2009, to
view details of the TAAF changes. Go to page 282. |