CONGRESS ENACTS CHANGES TO TRADE ADJUSTMENT ASSITANCE FOR FIRMS

Effective October 21, 2011, Congress enacted PL 112-40, which extends the provisions of the Trade Adjustment Assistance for Firms (TAAF) program that had expired in February 2011.

Effectively, this means that as of October 21, 2011 the law:

• Reincorporates the eligibility of service firms for assistance;
• Reincorporates the extended "look-back" period for firm certification (firms can use a 24 or 36 month look back period to demonstrate eligibility;
• Requires EDA to reconsider petitions denied due to the expiration of Trade and Globalization Adjustment Assistance Act (TGAAA) of 2009; and
• Requires EDA to render a final decision on petitions submitted for certification within 40 days of acceptance.

To learn more, please contact the SWTAAC.

Thank you.