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2026-07-06 10:51:44 -04:00

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LegalText 19 U.S.C. § 2342 Approval of adjustment proposals us united_states_code code_section 19 CUSTOMS DUTIES 12 TRADE ACT OF 1974 2342 19 U.S.C. § 2342 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc19@119-100.zip /us/usc/t19/s2342 data/legal/raw/us/code/title-19/usc19.xml 28abaa314d5140766d31802b04d8164230b6b69d7d71efb94e0d954b01d37177 c90da65eeb9b6895d254e48af923eedc3b1275c7e88d986eb56f934bfcdfdf5c 817632dc9e21eaf6d87d7700f319847afaf0d0ee726606d9705b7867cfc19a86 2026-07-04 official
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19 U.S.C. § 2342 - Approval of adjustment proposals

Text

(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 firms application for adjustment assistance only if the Secretary determines that the firms 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) demonstrates that the firm will make all reasonable efforts to use its own resources for economic development.

(2) The Secretary shall make a determination as soon as possible after the date on which an application is filed under this section, but in no event later than 60 days after such date.

(c) Termination of certification of eligibility Whenever the Secretary determines that any firm no longer requires assistance under this part, he shall terminate the certification of eligibility of such firm and promptly have notice of such termination published in the Federal Register. Such termination shall take effect on the termination date specified by the Secretary.

(Pub. L. 93618, title II, § 252, Jan. 3, 1975, 88 Stat. 2030; Pub. L. 99272, title XIII, § 13006(a)(1), (2), Apr. 7, 1986, 100 Stat. 304.)

Notes

Editorial Notes

Amendments1986—Subsec. (b)(1). Pub. L. 99272, § 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 firms 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 firms 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. 99272, § 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 DateExcept as otherwise provided, technical assistance and grants may not be provided under this part after June 30, 2022, see section 285 of Pub. L. 93618, as modified by section 406(a)(7) of Pub. L. 11427, set out as notes preceding section 2271 of this title.