< Back to H.R. 4550 (107th Congress, 2001–2002)

Text of the Small Business and Dislocated Worker Opportunity Act of 2002

This bill was introduced on April 23, 2002, in a previous session of Congress, but was not enacted. The text of the bill below is as of Apr 23, 2002 (Introduced).

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HR 4550 IH

107th CONGRESS

2d Session

H. R. 4550

To amend the trade adjustment assistance program under the Trade Act of 1974 to clarify the eligibility requirements with respect to adversely affected workers who are engaged in self-employment assistance activities, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

APRIL 23, 2002

Mr. BALDACCI introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the trade adjustment assistance program under the Trade Act of 1974 to clarify the eligibility requirements with respect to adversely affected workers who are engaged in self-employment assistance activities, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ‘Small Business and Dislocated Worker Opportunity Act of 2002’.

SEC. 2. AMENDMENTS TO TRADE ADJUSTMENT ASSISTANCE PROGRAM UNDER THE TRADE ACT OF 1974.

    (a) ELIGIBILITY FOR CERTAIN ADVERSELY AFFECTED WORKERS- Section 231 of the Trade Act of 1974 (19 U.S.C. 2291) is amended by adding at the end the following:

    ‘(d) Participation by an adversely affected worker covered by a certification under subchapter A in self-employment assistance activities shall not affect the eligibility of that worker to receive benefits under this subchapter.’.

    (b) LIMITATION ON TRADE READJUSTMENT ALLOWANCES- Section 233 of the Trade Act of 1974 (19 U.S.C. 2293) is amended by adding at the end the following:

    ‘(g)(1) In the case of an adversely affected worker covered by a certification under subchapter A who engages in self-employment assistance activities, or who has engaged in such activities during any part of the certification period, a trade readjustment allowance shall not be paid for any week occurring after (A) the close of the 26-week period that begins on the date of the establishment of the small business or, (B) if on the date of such establishment the worker has fewer than 26 weeks remaining of eligibility for receipt of trade readjustment allowances, the close of the remaining number of weeks.

    ‘(2) The amount of a trade readjustment allowance payable with respect to a period described in paragraph (1) shall be calculated in accordance with the following:

      ‘(A) The amount of the allowance payable for each week of the first 14 weeks of the period shall be equal to the amount calculated under section 232.

      ‘(B) The amount of the allowance payable for each week of the next 6 weeks of the period shall be equal to 75 percent of the amount calculated under section 232.

      ‘(C) The amount of the allowance payable for each week of the next 6 weeks of the period shall be equal to 50 percent of the amount calculated under section 232.’.

    (c) DEFINITIONS- Section 247 of the Trade Act of 1974 (19 U.S.C. 2319) is amended by adding at the end the following:

      ‘(18) The term ‘self-employment assistance activities’ means--

        ‘(A) entrepreneurial training, business counseling, technical assistance, and related activities approved by the appropriate State agency; and

        ‘(B) activities (which may include training), engaged in on a full-time basis, relating to the establishment of a business and becoming self-employed.’.

    (d) GUIDELINES- Not later than 180 days after the date of the enactment of this Act, the Secretary of Labor shall issue such guidelines as the Secretary determines to be necessary to carry out the amendments made by this section.

SEC. 3. AMENDMENT TO THE FEDERAL UNEMPLOYMENT TAX ACT.

    Section 3306(t) of the Internal Revenue Code of 1986 is amended by adding at the end the following:

    ‘A program shall not be considered to be in nonconformance with this subsection solely because the program expressly or in effect waives the requirement described in paragraph (3)(B) in the case of any individual who is covered by a certification under subchapter A of chapter 2 of title II of the Trade Act of 1974.’.