Detailed Summary

Trade Adjustment Assistance Reform Act - Amends the Trade Act of 1974 to extend trade adjustment assistance (TAA) to displaced textile and apparel workers.

Repeals group eligibility requirements for TAA that: (1) the country to which the workers' firm has shifted production of the articles be a party to a free trade agreement with the United States; or (2) such country be a beneficiary country under the Andean Trade Preference Act, African Growth and Opportunity Act, or the Caribbean Basin Economic Recovery Act.

Requires funds provided to a state to cover the administrative costs associated with operating the TAA program to include TAA case worker costs.

Increases the amount of payments for training of adversely affected workers under the Act.

Amends the Internal Revenue Code to increase the credit for health insurance costs of certain TAA and Pension Benefit Guaranty Corporation (PBGC) pension recipients.

Requires the Secretaries of the Treasury and of Labor each to carry out compatible and coordinated programs to simplify the TAA and credit eligibility process.

Status of the Legislation

Latest Major Action: 3/28/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.

Points in Favor

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Points Against

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