American Competitiveness and Adjustment Act - Amends the Trade Act of 1974 with respect to: (1) trade adjustment assistance; (2) data collection; (3) industry-wide certifications; (4) trade adjustment assistance for farmers; (5) trade adjustment assistance for firms; and (6) trade adjustment assistance for service workers and firms and industries.
Amends the Internal Revenue Code to revise and increase the health care tax credit.
Establishes in the International Trade Administration of the Department of Commerce an Office of Trade Adjustment Assistance.
Extends the trade adjustment assistance program through FY2012.