This bill reauthorizes the Trade Adjustment Assistance program, which provides support to workers, businesses, and farmers harmed by foreign trade competition. The legislation extends the program's authorization through December 31, 2030, and renews funding for worker training, reemployment assistance, and support for affected firms and farmers through 2031. The bill also allows workers and businesses that filed petitions between July 1, 2021, and the bill's enactment date to be reconsidered for benefits under current eligibility rules, and gives firms an additional 90 days after enactment to file new petitions if they would have qualified under the new standards. Overall, the legislation extends a longstanding federal program designed to help communities and individuals adjust to job losses and economic disruption caused by increased international trade.
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