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Summary

Although free trade provides benefits to all trading partners, reducing barriers to trade forces firms and industries in all countries to adjust to stiffer global competition. For some, the adjustment process can be difficult and Congress, in recognizing this problem, has authorized programs to assist trade-impacted firms, industries, and workers. This report focuses on the trade adjustment assistance program for firms and industries, which provides technical assistance to help them develop strategies to remain competitive in the changing international economy.1 The TAA legislation expired on January 10, 2002, but the program continued to function with FY2002 appropriations until reauthorized by Congress. A new reauthorization was signed into law by President Bush on August 6, 2002 as part of the Trade Act of 2002 (P.L. 107-210). This report will be updated periodically to continue following the firm TAA program.

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