WASHINGTON, DC – House Majority Leader Steny H. Hoyer (MD) released the following statement in support of the Trade and Globalization Assistance Act (H.R. 3920), which strengthens and improves services provided to American workers through the Trade Adjustment Assistance (TAA) program:
“When TAA was established in 1962, it represented a commitment to ensure the viability of American workers adversely affected by international trade. Since then, the U.S. economy has changed dramatically, growing from a largely domestic, manufacturing-based economy to one that is rapidly changing and globally interdependent.
“While the new global marketplace has significantly expanded opportunities for trade and economic expansion, it also has caused the displacement of many American workers. Certainly one of the greater economic challenges of our time is managing the benefits of trade while addressing the negative consequences that it has had on American workers and communities.
“Today’s legislation represents an important investment in workers and communities that have been hardest hit by today’s increasingly global economy. To match the realities of the 21st Century economy, the bill significantly improves job training services and TAA health benefits so that displaced workers can manage their health care costs while strengthening their skills to reenter the workforce.
“It also extends critical TAA benefits to service industry workers and closes loopholes in current law to ensure that all manufacturing workers who have lost their job due to outsourcing qualify for TAA.
“Additionally, the bill creates new benefits and tax incentives for industries and communities directly impacted by manufacturing job losses, and it increases the notification cut-off for plant closures and mass layoffs from 60 to 90 days.
“In the face of increasing globalization, we must have an economic agenda that provides an opportunity for prosperity for all Americans. From strengthening TAA to passing an Innovation Agenda and raising the minimum wage, this Congress had made a commitment to ensuring that a rising economy lifts all boats by giving workers the tools they need to compete and thrive in today’s global marketplace.”