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NFTC Urges House to Pass Trade Adjustment Assistance Reform Bill
Date: 10/31/2007
Written By: Eric Thomas or Jennifer Cummings, The Fratelli Group for NFTC, 202-822-9491

Calls Legislation a Step Forward in Addressing U.S. Workers’ Concerns
 
Washington, DC – The National Foreign Trade Council (NFTC) today encouraged Members of the U.S. House of Representatives to approve H.R. 3920, the Trade and Globalization Assistance Act of 2007, being debated on the House floor this morning. NFTC President Bill Reinsch released the following statement:
 
“House passage of the H.R.3920 is an important step in the development of a national trade policy that promotes trade liberalization at the same time it addresses the concerns of the American workers who worry about losing their jobs.
 
“Everyone knows that trade promotes growth and jobs, but it also leaves victims in its wake.   Helping those that are left behind find new jobs and new careers has long been part of our trade policy but not one that we have handled well. 
 
“Although it is not without flaws, the House bill will make significant improvements in the existing TAA program, ease the anxieties of the growing number of Americans who worry about their future, and pave the way for House action on the four pending free trade agreements, which are another key part of a forward-looking trade policy.”

 
Advancing Global Commerce for Over 90 Years
The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.