Trade Adjustment Assistance for Firms: Economic, Program, and Policy Issues [February 4, 2008] [open pdf - 71KB]
"Economists generally agree that trade liberalization enhances the economic welfare of all trade partners, but in compelling firms and workers to face stiffer global competition, can also cause adjustment problems. Congress has responded by authorizing three programs to assist trade-impacted workers, firms, and farmers. This report focuses on the trade adjustment assistance (TAA) program for firms, which provides technical assistance to trade-affected firms to help them develop strategies to remain competitive in the changing international economy. TAA program authorization lapsed on October 1, 2007 and was operating under a temporary extension through December 31, 2007. The House has passed a second three-month extension and a new five-year reauthorization bill. Neither bill has been passed in the Senate. This report will be updated periodically."
CRS Report for Congress, RS20210