Industrial Revitalization Act of 1992

[AI summary unavailable — showing source text] Industrial Revitalization Act of 1992 - Title I: Domestic Loan Guarantee Fund for the Revitalization of American Industry - Creates an Economic Transition Assistance Board. Authorizes the Board to guarantee principal and interest on loans and, in certain circumstances, provide interest subsidies for the loans, giving priority to aerospace manufacturing loans. Sets forth assistance conditions, including that the applicant be: (1) affected by U.S. defense budget reductions or by assistance by foreign governments to foreign competitors; and (2) engaged in work critical to national security or economic security. Requires full collateralization. Prohibits, during the loan and without Board approval, certain borrower actions, including: (1) declaring an extraordinary dividend; (2) making payment on certain other indebtedness; or (3) shifting any significant part of its manufacturing activities outside the United States. Limits the aggregate amount of obligations of the Board and the maximum obligations to any single enterprise. Establishes in the Treasury an emergency loan guarantee fund to be administered by the Board to pay Board expenses and to fulfill the Board's obligations under th…