Trade Adjustment Assistance Program
On October 12, 2011, along with trade agreements with Colombia, Panama and South Korea, the U.S. Congress passed a bill that would extend funding for the Trade Adjustment Assistance program.
According to the White House, “The Trade Adjustment Assistance (TAA) for Workers program is a streamlined federal program that provides opportunities to U.S. workers who have lost their jobs as a result of foreign trade. Programs
like TAA are important to winning the future and keeping America’s middle class strong. The TAA
program includes training services for workers to learn 21st-century job skills, as well as assistance for
job search and relocation, a tax credit to maintain health coverage, and Trade Readjustment
Allowances (TRA) that provide critical support during training.”
The Trade Adjustment Assistance program was launched in 1962 by President John F. Kennedy.
Special Message to Congress on Foreign Policy, January 25, 1962
Trade Adjustment Assistance (TAA) and Its Role in U.S. Trade Policy
Congressional Research Report, July 20, 2011