To require the Secretary of Defense to establish a Defense Adjustment Institute.

[AI summary unavailable — showing source text] Directs the Secretary of Defense to establish a Defense Adjustment Institute in Rhode Island, for policy development and information and resource-sharing with regard to the adjustment and transition of defense-related industries toward operations for the nondefense economy and the retraining of defense workers. Requires the Institute to be national in scope, to serve as a model for future institutes, and to operate to improve cooperation of the Department of Defense with other entities involved in defense economic adjustment and transition, including institutions of higher education, private defense contractors, and other Federal agencies. Directs the Institute to collect and make available information regarding: (1) job retraining resources; (2) worker absorption programs in the community; (3) transition of defense contractors from military to civilian output; and (4) funding resources and Federal programs for economic adjustment and conversion into civilian industries.…