Detailed Summary

Trade and Globalization Adjustment Assistance Act of 2007 - Amends the Trade Act of 1974 to allow the filing of a petition for certification of eligibility to apply for trade adjustment assistance (TAA) by adversely affected workers in a service sector firm, its subdivision, or a public agency.

Revises group eligibility requirements for TAA to cover: (1) a shift, by a public agency to a foreign country, of production of articles or in provision of services, like or directly competitive with articles which are produced, or services which are provided by the workers' firm, subdivision, or public agency; and (2) instances where the workers' firm, subdivision, or public agency obtains or is likely to obtain such services from a foreign country.

Provides for industry-wide certification of adversely affected workers for TAA.<br>

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

TAA Health Coverage Improvement Act of 2007 - Amends the Internal Revenue Code to increase the tax credit for the health insurance costs of certain TAA workers.

Sets forth requirements to prevent a lapse of health care coverage for TAA workers.

Replaces alternative trade adjustment assistance for older workers provisions with eligibility requirements for wage insurance benefits to older workers who have received an industry-wide certification to apply for TAA.

Increases the maximum allowance to cover costs of an adversely affected worker for job search expenses and relocation expenses.

Establishes an Office of the Trade Adjustment Assistance Ombudsman.

Extends the TAA program through FY2012.

Revises the TAA program for communities negatively impacted by trade. Establishes a TAA for communities program to coordinate the federal response.

Revises TAA eligibility requirements for firms that have been adversely affected by import competition. Allows the filing of a petition for certification of eligibility to apply for TAA by a service sector firm. Extends the TAA program for firms through FY2012.

Makes fishermen and acquaculture producers eligible for TAA without regard to whether such fishermen seek TAA based on an increase in imports of wild stock or an increase of imports of farm-raised stock.

Revises TAA group eligibility requirements for certain agricultural commodity producers.

Extends the TAA program for farmers through FY2012.

Status of the Legislation

Latest Major Action: 7/23/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

Points in Favor

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Points Against

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