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)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.
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), redesignatedsubsec. (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.
Except as otherwise provided, technical assistance and grants may not be provided under this section after Dec. 31, 2013, see section 285 ofPub. L. 93–618, set out as a note preceding section
2271 of this title.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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