S.1110 - Trade Adjustment Assistance for Communities Act of 2003108th Congress (2003-2004)
|Sponsor:||Sen. Bingaman, Jeff [D-NM] (Introduced 05/22/2003)|
|Committees:||Senate - Finance|
|Latest Action:||05/22/2003 Read twice and referred to the Committee on Finance.|
This bill has the status Introduced
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Subject — Policy Area:
- Foreign Trade and International Finance
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Summary: S.1110 — 108th Congress (2003-2004)All Bill Information (Except Text)
Introduced in Senate (05/22/2003)
Trade Adjustment Assistance for Communities Act of 2003 - Amends the Trade Act of 1974 to revise the program for trade adjustment assistance for communities negatively impacted by trade. Requires the Secretary of Commerce to: (1) establish a Trade Adjustment Assistance for Communities Program at the Department of Commerce; (2) provide for a coordinated Federal response to economic dislocation in communities negatively impacted by trade; and (3) make a determination if a community is negatively impacted by a trade and certify such community for assistance.
Allows communities negatively impacted by trade to develop strategic plans for community economic adjustment and diversification. Authorizes the Secretary to award grants to communities that devise such strategic plans and to give preference to rural communities.
Directs the Secretary to certify certain communities that were negatively impacted by trade on or after January 1, 1998, for adjustment assistance.