3.0.0 2531 2023-01-15T04:49:22Z 2023-01-15T04:49:22Z Senate S S 2004-06-16 108 ssfi00 Finance Committee Senate Standing Referred to 2004-06-16T21:52:47Z 2004-06-16 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6895-6898) IntroReferral 2004-06-16 Sponsor introductory remarks on measure. (CR S6894-6895) IntroReferral B00100 9 Library of Congress 2004-06-16 Introduced in Senate IntroReferral 10000 9 Library of Congress W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR N Labor and Employment Administrative remedies Age Business travel Civil actions and liability Commerce Congress Congressional reporting requirements Corporation directors Department of Labor Depreciation and amortization Dislocated workers Economics and Public Finance Employee health benefits Employment subsidies Executives Families Federal employees Finance and Financial Sector Foreign Trade and International Finance Government Operations and Politics Government insurance Government publicity Grants-in-aid Health Health insurance Health insurance continuation Income tax Insurance premiums Law Liability (Law) Local employees Location of industries Losses Married people Medical economics Medicare Occupational retraining State employees Surveys Tax credits Tax deductions Tax refunds Taxation Trade adjustment assistance Transportation and Public Works Travel costs Trusts and trustees Wages Labor and Employment 00 2004-06-16 Introduced in Senate 2004-11-16T18:31:08Z

Keeping American Jobs at Home Act - Amends the Internal Revenue Code to: (1) prohibit tax credits or deductions for certain expenses relating to the outsourcing of goods and services from the United States; (2) provide for advance payments of the health insurance tax credit for trade adjustment assistance workers (TAA workers) for months prior to the issuance of a qualified health insurance costs credit eligibility certificate; (3) cover spouses of Medicare-eligible TAA workers under such tax credit; and (4) increase the amount of such tax credit from 65 to 75 percent of health insurance costs.

Amends the Trade Act of 1974 to: (1) extend trade adjustment assistance to workers in the service sector and public agencies; (2) increase funding levels for job retraining programs; and (3) establish a wage insurance program for displaced workers which includes health insurance benefits.

Creates a business judgment defense to shareholder lawsuits to protect corporate officers or directors who determine that it is in the best interest of their corporations to keep jobs or other business activities in the United States.

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

Amends the 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.

]]> Keeping American Jobs at Home Act Display Title Keeping American Jobs at Home Act Official Title as Introduced A bill to assist displaced American workers during a jobless recovery, and for other purposes. Introduced in Senate IS Short Titles as Introduced Keeping American Jobs at Home Act Introduced in Senate 2004-06-16T04:00:00Z 2004-06-16 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6895-6898) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.