Defense Economic Reinvestment Act of 1992

[AI summary unavailable — showing source text] Defense Economic Reinvestment Act of 1992 - Title I: Worker and Member Assistance Programs - Directs the Secretary of Defense to establish a program to assist displaced defense workers (workers displaced as the result of the closure of defense facilities or reductions in defense spending) and members involuntarily separated from active duty in the armed forces to obtain reemployment in defense distressed areas (areas in which a minimum workforce reduction has occurred as the result of defense spending reductions or the closure of a defense facility). Directs the Secretary to enter into agreements with public or private employers that agree to extend employment positions to separated members and displaced defense workers. Requires: (1) the Secretary to pay 25 percent of the first-year's wages paid to each displaced defense worker or separated member; (2) the employer to hire a specified number of such individuals during the agreement period for at least 180 days and to place such individuals in positions located in, or relocate them outside of, a defense dependent area. Requires repayment to the Secretary by an employer breaching such agreement. Authorizes the Secretary to implement…