March 26, 2014

Owens pushes for Trade Adjustment extension

WASHINGTON, D.C. — Rep. Bill Owens is an original co-sponsor of the Trade Adjustment Assistance Extension Act of 2014.

The legislation would extend for an additional seven years provisions in the Trade Adjustment Assistance Act that expired Dec. 31, 2013.

The act provides benefits to workers who have lost their jobs as a result of foreign trade, including individualized training plans, on-the-job training and allowances for expenses associated with re-employment, Owens (D-Plattsburgh) said in a release.

According to the Department of Labor, 138,477 workers have participated in the training over the past five years. In fiscal year 2012, 71 percent of the workers who participated in the program were re-employed. After six months, 91 percent remained on the job. 

“As international trade continues to grow, transition support will play a vital role in maintaining a viable and competitive American workforce,” Owens said. “This legislation will help provide American workers the tools necessary to adjust and succeed in a global economy.”

Despite the fact that the national unemployment rate hovers at about 6.7 percent, the Department of Labor estimates there are nearly 4 million open jobs in the United States, including about 3,000 in New York’s 21st Congressional District.

Programs like the Trade Adjustment Assistance Act can equip job seekers with the skills necessary to succeed in these available opportunities, Owens says.

“There are good jobs available, but they require a trained workforce to fill them,” he said. “TAA provides the training and support that trade-affected workers need to return to the workforce and fill these types of jobs.

“The TAA Extension Act would safeguard this important opportunity for many American workers through the year 2020.”

On March 6, Owens joined 28 other original co-sponsors, all members of the New Democrat Coalition, in introducing H.R. 4163.

Text Only | Photo Reprints
Colin Read's Column

Business Spotlight
Peter Hagar's Farm Column

Farm Briefs
Videos: Business News
All Aboard! LIRR Strike Averted Microsoft to Cut Up to 18,000 Jobs Time Warner Rejects Murdoch's Takeover Bid Yellen Says Economy Still Needs Fed Support Cleveland Expects Economic Boom From Lebron Justice Dept. Fines Citigroup $7 Billion Justice Dept. Fines Citigroup $7 Billion Downside of Low Mortgage Rates? Less Selling Cupcake Shop Crumbs Shuttering All Its Stores San Francisco Prepares for Soda Battle Dow Breaks Record 17,000 GM Crash Compensation Could Top $1 Billion GM Won't Limit Crash Compensation Funds Justices Rule for Broadcasters in Aereo Fight