Congressional Resource Reports (CRS) Penny Hill Press

The House Ways and Means Committee is making available this version of this Congressional Research Service (CRS) report, with the cover date shown, for inclusion in its 2012 Green Book website. CRS works exclusively for the United States Congress, providing policy and legal analysis to Committees and Members of both the House and Senate, regardless of party affiliation. Trade Adjustment Assistance for Firms: Economic, Program, and Policy Issues J. F. Hornbeck Specialist in International Trade and Finance

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Trade Adjustment Assistance for Firms: Economic, Program, and Policy Issues Although trade liberalization can enhance the economic welfare of all trade partners, it also causes difficult adjustment problems for some import-competing firms and workers. Congress has responded to these problems with trade adjustment assistance (TAA) programs for workers, firms, and farmers. This report discusses the TAA for Firms (TAAF) program. Congress first authorized TAA in the Trade Expansion Act of 1962 (P.L.

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