OVERSIGHT AND ADMINISTRATION; AUTHORIZATION OF APPROPRIATIONS.

SEC. 1864. OVERSIGHT AND ADMINISTRATION; AUTHORIZATION OF APPROPRIATIONS.(a) In General.—Chapter 3 of title II of the Trade Act of 1974 (19 U.S.C. 2341 et seq.) is amended—(1) by striking sections 254, 255, 256, and 257;(2) by redesignating sections 258, 259, 260, 261, 262, 264, and 265, as sections 256, 257, 258, 259, 260, 261, and 262, respectively; and(3) by inserting after section 253 the following:“SEC. 254. OVERSIGHT AND ADMINISTRATION.“(a) In General.—The Secretary shall, to such extent and in such amounts as are provided in appropriations Acts, provide grants to intermediary organizations (referred to in section 253(b)(1)) throughout the United States pursuant to agreements with such intermediary organizations. Each such agreement shall require the intermediary organization to provide benefits to firms certified under section 251. The Secretary shall, to the maximum extent practicable, provide by October 1, 2010, that contracts entered into with intermediary organizations be for a 12-month period and that all such contracts have the same beginning date and the same ending date.“(b) Distribution of Funds.—“(1) In general.—Not later than 90 days after the date of the enactment of this subsection, the Secretary shall develop a methodology for the distribution of funds among the intermediary organizations described in subsection (a).“(2) Prompt initial distribution.—The methodology described in paragraph (1) shall ensure the prompt initial distribution of funds and establish additional criteria governing the apportionment and distribution of the remainder of such funds among the intermediary organizations.“(3) Criteria.—The methodology described in paragraph (1) shall include criteria based on the data in the annual report on the trade adjustment assistance for firms program 123 STAT. 398 described in section 1866 of the Trade and Globalization Adjustment Assistance Act of 2009.“(c) Requirements for Contracts.—An agreement with an intermediary organization described in subsection (a) shall require the intermediary organization to contract for the supply of services to carry out grants under this chapter in accordance with terms and conditions that are consistent with guidelines established by the Secretary.“(d) Consultations.—“(1) Consultations regarding methodology.—The Secretary shall consult with the Committee on Finance of the Senate and the Committee on Ways and Means of the House of Representatives—“(A) not less than 30 days before finalizing the methodology described in subsection (b); and“(B) not less than 60 days before adopting any changes to such methodology.“(2) Consultations regarding guidelines.—The Secretary shall consult with the Committee on Finance of the Senate and the Committee on Ways and Means of the House of Representatives not less than 60 days before finalizing the guidelines described in subsection (c) or adopting any subsequent changes to such guidelines. “SEC. 255. AUTHORIZATION OF APPROPRIATIONS.“(a) In General.—There are authorized to be appropriated to the Secretary $50,000,000 for each of the fiscal years 2009 through 2010, and $12,501,000 for the period beginning October 1, 2010, and ending December 31, 2010, to carry out the provisions of this chapter. Amounts appropriated pursuant to this subsection shall—“(1) be available to provide adjustment assistance to firms that file a petition for such assistance pursuant to this chapter on or before December 31, 2010; and“(2) otherwise remain available until expended.“(b) Personnel.—Of the amounts appropriated pursuant to this section for each fiscal year, $350,000 shall be available for full-time positions in the Department of Commerce to administer the provisions of this chapter. Of such funds the Secretary shall make available to the Economic Development Administration such sums as may be necessary to establish the position of Director of Adjustment Assistance for Firms and such other full-time positions as may be appropriate to administer the provisions of this chapter.” .(b) Residual Authority.—The Secretary of Commerce shall have the authority to modify, terminate, resolve, liquidate, or take any other action with respect to a loan, guarantee, contract, or any other financial assistance that was extended under section 254, 255, 256, or 257 of the Trade Act of 1974 (19 U.S.C. 2344, 2345, 2346, and 2347), as in effect on the day before the effective date set forth in section 1891.(c) Conforming Amendments.—(1) Section 256 of the Trade Act of 1974, as redesignated by subsection (a) of this section, is amended by striking subsection (d).(2) Section 258 of the Trade Act of 1974, as redesignated by subsection (a) of this section, is amended—123 STAT. 399 (A) in the first sentence, by striking “and financial”; and(B) in the last sentence—(i) by striking “sections 253 and 254” and inserting “section 253”; and(ii) by striking “title 28 of the United States Code” and inserting “title 28, United States Code”.(d) Clerical Amendments.—The table of contents of the Trade Act of 1974 is amended by striking the items relating to sections 254, 255, 256, 257, 258, 259, 260, 261, 262, 264, and 265, and inserting the following: “Sec. 254. Oversight and administration. “Sec. 255. Authorization of appropriations. “Sec. 256. Protective provisions. “Sec. 257. Penalties. “Sec. 258. Civil actions. “Sec. 259. Definitions. “Sec. 260. Regulations. “Sec. 261. Study by Secretary of Commerce when International Trade Commission begins investigation; action where there is affirmative finding. “Sec. 262. Assistance to industries.”. (e) Effective Date.—This section and the amendments made by this section shall take effect upon the expiration of the 90-day period beginning on the date of the enactment of this Act, except that subsections (b) and (d) of section 254 of the Trade Act of 1974 (as added by subsection (a) of this section) shall take effect on such date of enactment.