H.R.7805

Trade Adjustment Assistance Modernization Act reauthorizes and updates Trade Adjustment Assistance programs.

The Trade Adjustment Assistance Modernization Act reauthorizes Trade Adjustment Assistance programs, including for workers, firms, communities, and farmers. It updates provisions for eligibility, benefits, and outreach, particularly for underserved communities. The Act also extends the Trade Adjustment Assistance Program through 2033, adjusts benefits for inflation, and provides for child and other dependent care allowances. It includes provisions for sustained outreach to potentially eligible firms and communities, and mandates plans for economic adjustment and strategic development.