Trade Adjustment Assistance Modernization Act

Expanded Eligibility for Workers: The bill expands the definition of workers to include staffed workers and teleworkers, ensuring more people are covered (Section 102).

Protection for Successors-in-Interest: Workers employed by a successor-in-interest to a firm are now explicitly covered by certifications (Section 103).

Improved Outreach and Information: The Secretary is required to make efforts to provide benefit information in a worker's native language (Section 104). The bill also allows for sustained outreach through various methods like social media and peer support workers (Section 104).

Increased Financial Allowances: The bill increases maximum allowances for job search and relocation assistance from $1,250 to $2,000 (Section 110).

New Child and Dependent Care Support: A new allowance is established for child and other dependent care to assist workers in attending training or seeking employment, with a cap of $2,000 per minor dependent per year (Section 110).

Automated Benefits during Economic Hardship: An automatic extension of trade readjustment allowances is created for workers who complete training during periods of heightened unemployment in their State (Section 107).

Support for Underserved Communities: The bill includes mandates to ensure training programs and outreach effectively serve individuals from underserved communities (Section 111 and Section 108).

Community and College Support: New programs are established to provide grants to communities impacted by trade and to community colleges for career training and student support services (Section 301 and Section 302).

Health Insurance Tax Credit Increase: The bill increases the health insurance cost credit percentage from 72.5 percent to 80 percent (Section 601).

Requirement for Matching Funds for Firms: Under the provisions for assistance to firms, a firm may only receive assistance if it provides matching funds equal to the amount of assistance received (Section 202).

Economic Transition Requirements for Communities: To be eligible for community assistance, a community must meet specific economic criteria, such as having a per capita income of 80 percent or less of the national average or specific unemployment rates (Section 301).