CONTINUATION OF ECONOMIC ADJUSTMENT COMMITTEE

SEC. 4004. CONTINUATION OF ECONOMIC ADJUSTMENT COMMITTEE (a) Termination or Alteration Prohibited.— The Economic Adjustment Committee established in Executive Order 12049 (10 U.S.C. Ill note) may not be terminated and the duties of the Committee may not be significantly altered unless specifically authorized by a law. (b) Chairman.— The chairmanship of the Economic Adjustment Committee shall rotate between the Secretary of Defense, the Secretary of Commerce, and the Secretary of Labor on a yearly basis. (c) Duties of Committee.— The Economic Adjustment Committee shall— (1) coordinate and facilitate cooperative efforts among Federal agencies represented on the Committee to implement defense economic adjustment programs; 104 STAT. 1850 (2) serve as an information clearinghouse for and between Federal, State, and local entities regarding their defense economic adjustment efforts; and (3) submit to the President and Congress, not later than December 1, 1991, and each December 1 thereafter, a report that— (A) describes Federal economic adjustment programs available to communities, businesses, and groups of workers; (B) describes the implementation of defense economic adjustment assistance during the preceding fiscal year; and (C) specifies the number of communities, businesses, and workers affected by defense budget reductions during the preceding fiscal year and such number assisted by Federal economic adjustment programs during that fiscal year.