3.0.0 1286 2023-01-11T13:22:51Z 2023-01-11T13:22:51Z Senate S S 2011-06-28 112 ssfi00 Finance Committee Senate Standing Referred to 2011-06-28T18:55:45Z 2011-06-28 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2011-06-28 Introduced in Senate IntroReferral 10000 9 Library of Congress C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA N B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2011-06-28 True Foreign Trade and International Finance Agricultural trade Employee benefits and pensions Employment and training programs Health care costs and insurance Income tax credits Trade adjustment assistance Foreign Trade and International Finance 00 2011-06-28 Introduced in Senate 2011-09-23T21:05:33Z Trade Adjustment Assistance Extension Act of 2011 - Amends the Trade and Globalization Adjustment Assistance Act of 2009 to repeal the December 31, 2011, termination date for trade adjustment assistance (TAA) programs.

Amends the Trade Act of 1974 to extend TAA programs through December 31, 2016.

Extends TAA through December 31, 2016, for: (1) workers, (2) firms, (3) farmers, and (4) communities.

Amends the Internal Revenue Code to extend through December 31, 2016, the 80% tax credit for health insurance costs (including advance payments) for TAA (as well as Pension Benefit Guaranty Corporation [PBGC] pension) recipients.

Makes TAA recipients who are in a break in training under a training program, or who are receiving unemployment compensation, eligible for such tax credit for the period through December 31, 2016.

Amends the IRC, the Employee Retirement Income Security Act of 1974 (ERISA), and the Public Health Service Act (PHSA) to extend through December 31, 2016, the TAA pre-certification period rule disregarding any 63-day lapse in creditable health care coverage for TAA workers.

Extends the continued eligibility for the credit for qualifying family members and certain qualified TAA-eligible individuals and PBGC pension recipients for COBRA premium assistance through December 31, 2016.

Extends through December 31, 2016, coverage under an employee benefit plan funded by a voluntary employees' beneficiary association established pursuant to an order of a bankruptcy court, or by agreement with an authorized representative.

Expands rules for valuing assets in grantor retained annuity trusts to require: (1) that the right to receive fixed amounts from an annuity last for a term of not less than 10 years and that such fixed amounts not decrease during the first 10 years of the annuity term, and (2) that the remainder interest have a value greater than zero when transferred.

]]> Trade Adjustment Assistance Extension Act of 2011 Display Title Trade Adjustment Assistance Extension Act of 2011 Official Title as Introduced A bill to extend trade adjustment assistance, and for other purposes. Introduced in Senate IS Short Titles as Introduced Trade Adjustment Assistance Extension Act of 2011 Introduced in Senate 2011-06-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s1286is/xml/BILLS-112s1286is.xml 2011-06-28 Read twice and referred to the Committee on Finance. 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.