Option trade adjustment assistance bill 2015
Amends data collection and reporting requirements of TAA to align with the performance accountability measures and reporting requirements under similar federally funded job training programs, such as those implemented last year under the Workforce Innovation and Opportunity Act.
Requires states and cooperating state agencies as well as the secretary of labor to prepare performance reports annually, and to be available in an easily understandable format including electronically. Includes a new definition for a recognized postsecondary credential, which includes industry-recognized certificates, also aligning with similar provisions in WIOA.
Establishes the applicable provisions of the TAA for Workers program to those who filed petitions on or after January 1, , and prior to the date of enactment of this bill. Workers who were denied benefits shall be reconsidered, and pending applications shall be considered in accordance with this bill. Narrows the eligibility window for certified workers to 90 days after the date of the enactment of this bill.
Also provides similar eligibility determination and reconsideration rules for firms under the TAA for Firms program. This section makes changes to waivers for training requirements and limitations on Trade Readjustment Assistance. The TAA for Workers program in will retain the limitations on TRA, namely reducing the amount available to weeks of benefits, including any pre-requisite or remedial education required, with the opportunity to receive up to an additional 13 weeks for completion of a degree or industry-recognized credential.
The extra benefits are available only if the worker has substantially met the performance benchmarks established as part of the training program, is expected to continue to make progress toward completion of that training program, and will complete that training program within that additional time period. Extends the refundable health coverage tax credit through and retroactively to Under prior law, certain people could claim a HCTC equal to The credit generally was available to people who received certain unemployment assistance due to trade-related events i.
The credit expired for coverage months beginning in This section modifies the credit to prohibit people from claiming both the HCTC and certain other premium subsidies for the same coverage period, and to prevent use of the HCTC to purchase insurance through an Obamacare exchange. Extends the current user fees collected by Customs and Border Protection through September 30, Under current law, user fees for various customs services expire on September 30, This section also extends the current rate for one custom fee, the merchandise processing fee, through September 30, Section 9 — Child tax credit not refundable for taxpayers using the foreign earned income exclusion.
Also under current law, the foreign earned income exclusion, once claimed, makes a taxpayer ineligible for the earned income tax credit. This section would apply the same rules to the refundable portion of the child tax credit so that taxpayers earning substantial income abroad do not get this benefit intended for low-income people. In the first quarter of fiscal year , this increase will be reduced by the additional amount paid previously.
Section 11 — Coverage and payment for renal dialysis services for acute kidney injury. Under current law, freestanding dialysis facilities — including facilities owned by a hospital — may treat patients with end-stage renal disease, but not people with acute kidney injury.
Medicare beneficiaries with acute kidney injury may receive dialysis services from hospital outpatient departments which are distinct from hospital-owned dialysis facilities. This provision would allow freestanding facilities to treat beneficiaries with acute kidney injury and receive the rate for freestanding facilities.
Department of Labor, provides assistance to domestic workers affected by international trade. Key components of the TAA for Workers program include: Trade Readjustment Assistance, a weekly payment to a worker who has exhausted his or her unemployment insurance benefits and enrolled in an eligible training program; occupational training; Alternative Trade Adjustment Assistance, which provides a wage subsidy to eligible workers over the age of 50 to subsidize a portion of the wage difference between new wage and their old wage; and job search assistance and relocation allowances.
Previous reauthorizations of TAA have been done with congressional action on international trade. Additionally, the bill would extend the Health Coverage Tax Credit through and would extend authority to collect and increase the rate of certain customs user fees.
It also makes changes to the Medicare program. Trade Adjustment Assistance for Workers provides federal assistance to dislocated workers who have been adversely affected by international trade. Its primary benefits are funding for retraining and income support payments while affected workers retrain. Once DOL certifies the petition, individual workers covered by that petition may receive benefits through state workforce systems and state unemployment insurance agencies.
Benefits are funded by the federal government and administered by state workforce systems. Appropriations cover estimated program costs. Actual costs vary each year depending on usage. TAA benefits and services include:. This reauthorization was aligned with the passage of free trade agreements with Colombia, South Korea, and Panama. The expanded provisions of TAAEA expired after December 31, , and the eligibility criteria and benefit levels were to shift to the more restrictive provisions that were in place prior to These provisions were set to remain in place for one year until the program was to begin to be phased out after December 31, However, the Consolidated and Further Continuing Appropriations Act of appropriated funds for the program for fiscal year The Senate Finance Committee marked up legislation on April 22, Repeals sunset provisions in the Trade Adjustment Assistance Extension Act of , and reinstates law in effect as of December 31, , subject to changes made in this act.
Benefits are effective on date of enactment. In addition, the modification eliminates individual entitlement to job search and relocation allowances, giving states the discretion to offer such allowance based on the availability of funding. Extends the termination date for the Reemployment Trade Adjustment Assistance from December 31, , to June 30, Amends data collection and reporting requirements of TAA to align with the performance accountability measures and reporting requirements under similar federally funded job training programs, such as those implemented last year under the Workforce Innovation and Opportunity Act.
Requires states and cooperating state agencies as well as the secretary of labor to prepare performance reports annually, and to be available in an easily understandable format including electronically.
Includes a new definition for a recognized postsecondary credential, which includes industry-recognized certificates, also aligning with similar provisions in WIOA. Establishes the applicable provisions of the TAA for Workers program to those who filed petitions on or after January 1, , and prior to the date of enactment of this bill.