A bill to amend the Trade Act of 1974 in order to provide for Federal reimbursement to States for unemployment insurance benefits paid to workers who are eligible for adjustment assistance benefits under such Act, and to repeal the provisions of law which reduce certain tax credits for employers in any State which does not enter into, or fulfill its commitments under, a Federal-State agreement regarding the administration of worker adjustment assistance benefits.

[AI summary unavailable — showing source text] Amends the Trade Act of 1974 to provide Federal reimbursements to States for certain amounts of unemployment insurance benefits paid to workers eligible for adjustment assistance. Repeals the provision of the Internal Revenue Code which reduces certain tax credits for employers in a State that fails to enter into, or fulfill its commitments under, a Federal-State agreement regarding the administration of worker adjustment assistance benefits.…