To modify the benefits provided under the NAFTA Transitional Adjustment Assistance Program.

Amends the Trade Act of 1974 to extend the North American Free Trade Agreement (NAFTA) Transitional Adjustment Assistance Program through September 30, 2006. Sets the maximum amount of payments for training of workers adversely affected by imports from NAFTA countries (Mexico and Canada) at no more than $60 million for any fiscal year.

Extends trade adjustment reallowances for adversely affected workers (including during training period) for an additional 26 weeks.

Authorizes trade adjustment reallowances in order to assist an adversely affected worker who has limited English proficiency to complete his or her training, or to assist such worker to complete a program of remedial education. Extends such reallowances for additional specified periods.