                        TITLE 19--CUSTOMS DUTIES
 
                      CHAPTER 12--TRADE ACT OF 1974
 
     SUBCHAPTER II--RELIEF FROM INJURY CAUSED BY IMPORT COMPETITION
 
                 Part 3--Adjustment Assistance for Firms
 
Sec. 2342. Approval of adjustment proposals


(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) 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. 93-618, title II, Sec. 252, Jan. 3, 1975, 88 Stat. 2030; Pub. 
L. 99-272, title XIII, Sec. 13006(a)(1), (2), Apr. 7, 1986, 100 Stat. 
304.)


                               Amendments

    1986--Subsec. (b)(1). Pub. L. 99-272, Sec. 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, Sec. 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.


                            Termination Date

    No technical assistance to be provided under this part after Sept. 
30, 2001, see section 285 of Pub. L. 93-618, as amended, set out as a 
note preceding section 2271 of this title.

                  Section Referred to in Other Sections

    This section is referred to in section 2346 of this title.
