This bill would reauthorize the Trade Adjustment Assistance (TAA) — a program that offers job training and assistance to U.S. workers who lose their jobs to trade agreements. The program tries to lessen the blow of jobs being outsourced to other countries by connecting U.S. workers with other opportunities.
U.S. workers in industries ranging from small businesses, agriculture, fishing, or service and manufacturing can be impacted by trade agreements. Employees from all of these sectors (and more) would continue to be eligible for training in new career skills if their jobs are farmed out of the country.
This bill would also offer a tax credit to TAA covered workers to help them afford health insurance. The TAA would be reauthorized through 2021, and it would otherwise be set to expire at the end of the 2015 fiscal year.