FEDERAL · 19 U.S.C. · Chapter 12
Approval of adjustment proposals
Current through Pub. L. 119-102
(a)Application for adjustment assistance
A firm certified under section 2341 of this title as eligible to apply for adjustment assistance may, at any time within 2 years after the date of such certification, file an application with the Secretary for adjustment assistance under this part. Such application shall include a proposal for the economic adjustment of such firm.
(b)Technical assistance
(1)Adjustment assistance under this part consists of technical assistance. The Secretary shall approve a firm's application for adjustment assistance only if the Secretary determines that the firm's adjustment proposal—
(A)is reasonably calculated to materially contribute to the economic adjustment of the firm,
(B)gives adequate consideration to the interests of the workers of such firm, and
(C
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Related
Citizens Marine National Bank v. United States Department of Commerce, Economic Development Administration
854 F.2d 223 (Seventh Circuit, 1988)
Source Credit
History
(Pub. L. 93–618, title II, §252, Jan. 3, 1975, 88 Stat. 2030; Pub. L. 99–272, title XIII, §13006(a)(1), (2), Apr. 7, 1986, 100 Stat. 304.)
Editorial Notes
Editorial Notes
Amendments
1986—Subsec. (b)(1). Pub. L. 99–272, §13006(a)(1), amended par. (1) generally. Prior to amendment, par. (1) read as follows: "Adjustment assistance under this part consists of technical assistance and financial assistance, which may be furnished singly or in combination. The Secretary shall approve a firm's application for adjustment assistance only if he determines—
"(A) that the firm has no reasonable access to financing through the private capital market, and
"(B) that the firm's adjustment proposal—
"(i) is reasonably calculated materially to contribute to the economic adjustment of the firm,
"(ii) gives adequate consideration to the interests of the workers of such firm, and
"(iii) demonstrates that the firm will make all reasonable efforts to use its own resources for economic development."
Subsecs. (c), (d). Pub. L. 99–272, §13006(a)(2), redesignated subsec. (d) as (c) and struck out former subsec. (c) which authorized the Secretary to assist an eligible firm in the preparation of a viable adjustment proposal.
Statutory Notes and Related Subsidiaries
Termination Date
Except as otherwise provided, technical assistance and grants may not be provided under this part after June 30, 2022, see section 285 of Pub. L. 93–618, as modified by section 406(a)(7) of Pub. L. 114–27, set out as notes preceding section 2271 of this title.
Amendments
1986—Subsec. (b)(1). Pub. L. 99–272, §13006(a)(1), amended par. (1) generally. Prior to amendment, par. (1) read as follows: "Adjustment assistance under this part consists of technical assistance and financial assistance, which may be furnished singly or in combination. The Secretary shall approve a firm's application for adjustment assistance only if he determines—
"(A) that the firm has no reasonable access to financing through the private capital market, and
"(B) that the firm's adjustment proposal—
"(i) is reasonably calculated materially to contribute to the economic adjustment of the firm,
"(ii) gives adequate consideration to the interests of the workers of such firm, and
"(iii) demonstrates that the firm will make all reasonable efforts to use its own resources for economic development."
Subsecs. (c), (d). Pub. L. 99–272, §13006(a)(2), redesignated subsec. (d) as (c) and struck out former subsec. (c) which authorized the Secretary to assist an eligible firm in the preparation of a viable adjustment proposal.
Statutory Notes and Related Subsidiaries
Termination Date
Except as otherwise provided, technical assistance and grants may not be provided under this part after June 30, 2022, see section 285 of Pub. L. 93–618, as modified by section 406(a)(7) of Pub. L. 114–27, set out as notes preceding section 2271 of this title.