ECONOMIC ADJUSTMENT PLANNING ASSISTANCE THROUGH THE DEPARTMENT OF DEFENSE

SEC. 4102. ECONOMIC ADJUSTMENT PLANNING ASSISTANCE THROUGH THE DEPARTMENT OF DEFENSE (a) In General.— Any substantially and seriously affected community shall be eligible for economic adjustment planning assistance through the Office of Economic Adjustment in the Department of Defense under subsection (b) of section 2391 of title 10, United States Code, subject to subsection (e) of such section. Such assistance shall be provided in accordance with the standards, procedures, and priorities established by the Committee under this division. (b) Conforming Amendment to Title 10.— Section 2391(b) of title 10, United States Code, is amended— (1) by striking out paragraphs (3), (4), and (6); (2) by redesignating paragraph (5) as paragraph (4); and (3) by inserting after paragraph (2) the following new paragraph (3): “(3) In the case of a publicly-announced planned reduction in Department of Defense spending, the cancellation or termination of a Department of Defense contract, or the failure to proceed with a previously approved major defense acquisition program, assistance may be made under paragraph (1) only if the reduction cancellation, termination, or failure will have a direct and significant adverse impact on a community and will result in the loss of— “(A) 2,500 or more employee positions, in the case of a Metropolitan Statistical Area or similar area (as defined by the Director of the Office of Management and Budget); “(B) 1,000 or more employee positions, in the case of a labor market area outside of a Metropolitan Statistical Area; or “(C) one percent of the total number of civilian jobs in that area.”.