A bill to improve adjustment assistance for firms under the Trade Act of 1974.

[AI summary unavailable — showing source text] Amends the Trade Act of 1974 to change the method of determining whether a firm should be certified as eligible for trade adjustment assistance. Requires the Secretary to certify a firm as eligible if: (1) a significant number or proportion of the workers in such firm have become totally or partially separated or are threatened with such separation and the sales, production, or both of the firm have decreased absolutely or the sales, production, or both of an article that accounted for a specified percentage of the total production or sales have decreased, and increases in imports of like or competitive goods contributed importantly to such decreases; or (2) increases in like or competitve articles have resulted from targeting by one or more countries, the firm is threatened with the idling of its facilities, with the inability to operate at a reasonable profit and with underemployment or unemployment of a significant number or proportion of its workers, and such increases in imports contributed importantly to such threats. Authorizes the Secretary to make grants to: (1) certain industry organizations to assist them in designing and managing trade adjustment strategies; and (2) pri…