S. 1739 would amend section 35 of the Internal Revenue Code of 1986 to improve the health coverage tax credit.

== Detailed Summary ==

<summary>
(Log inTAA Health Coverage Improvement Act of 2007 - Amends the Internal Revenue Code to editrevise the wikitax credit for the health insurance costs of trade adjustment assistance (TAA) workers to, among other things: (1) increase the rate of such credit from 65 to 95% of health insurance costs ; (2) allow for the full amount of such credit and befor full payment of TAA worker health insurance premiums for months prior to the firstissuance of a qualified health insurance costs credit eligibility certificate; and (3) set forth new tax credit eligibility rules for TAA workers and their family members.

Requires the Director of the Office of Personnel Management to provideestablish a detailed summaryprogram to offer TAA workers enrollment in the Federal Employees Health Benefit Program (FEHBP).

Amends the Employee Retirement Income Security Act of 1974 (ERISA) to: (1) prevent a lapse of health care coverage for TAA workers; and (2) align coverage periods under such Act with eligibility periods for TAA workers.

Amends the bill!)Workforce Investment Act of 1998 to require a state or entity to use national emergency grant funds to provide TAA workers and their family members with health insurance coverage for periods prior to their first eligibility month.
</summary>

<!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. -->

== Status of the Legislation ==

<status>
(Log inLatest Major Action: 6/28/2007: Referred to edit the wikiSenate committee. Status: Read twice and be the firstreferred to update the status of the bill!)Committee on Finance.
</status>

<!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. -->

== Points in Favor ==

(Log in to edit the wiki and be the first to show why the bill should pass!)
<!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! -->

== Points Against ==

(Log in to edit the wiki and be the first to show why the bill should not pass!)
<!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! -->