President Obama signed into law a renewal of expanded Trade Adjustment Assistance (TAA) program along with the South Korea, Panama and Colombia Free Trade Agreements. To help offset the cost of the TAA expansions three Unemployment Insurance (UI) integrity provisions were included.
The TAA program was expanded in the 2009 Recovery Act legislation, but the provisions expired at the beginning of 2011. The bill signed by the President retroactively and temporarily renews many of the Recovery Act TAA provisions through 2013, including extension of coverage to workers in the service industry and the Health Coverage Tax Credit (HCTC). However, the law is not as expansive as the 2009 TAA reforms in several areas.
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