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CED-82-58 1 (1982-04-02)

handle is hein.gao/gaobabdcx0001 and id is 1 raw text is: 



BY Tl LE US, GENERAL ACCOUNTING OFFICE

Report To The Secretary Of Commerce


Management Of

Trade Adjustment Program

Shows Progress



Relatively few import-impacted firms that
received financial assistance under the Trade
Act of 1974 have made the adjustment need-
ed to successfully compete with other firms.
Although the program was designed to assist
weakened firms, weaknesses in adjustment
plans, loan application review and approval
activities, and loan servicing activities have
hindered the program's rate of success.

The Department of Commerce has taken sev-
eral actions to improve the program's manage-
ment. While commendable, the actions do not
completely address all weaknesses observed
in making and servicing trade loans. GAO is
making three recommendations to address
these weaknesses.


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       CED-82-58
    APRIL 2, 1982


11


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