Senators Introduce TAA Extension Legislation
Senate Finance Committee Chairman Max Baucus, D-Mont., and Senator Susan Collins, R-Maine., introduced legislation on July 24 that extends Trade Adjustment Assistance (TAA), according to a Finance Committee press release (here). The release characterizes the program as an important job training and assistance utility that strengthens American competitiveness. The July 24 legislation would extend TAA's current programs until 2020, without changes.
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“Trade Adjustment Assistance helps guarantee that American workers are ready to compete and seize new opportunities in an increasingly competitive global economy. That’s why TAA is an essential part of our trade agenda,” Senator Baucus said in the release. “We’re negotiating deals right now that will break down barriers to U.S. exports in Europe and across Asia. The best way to make sure those trade deals boost our economy is to invest in American workers, and that’s exactly what TAA does. TAA and Trade Promotion Authority are two sides of the same coin, and we need to renew and extend both as soon as possible.”