Defense Diversification and Community Adjustment Act of 1992

[AI summary unavailable — showing source text] Defense Diversification and Community Adjustment Act of 1992 - Title I: Improved Activities Under the Defense Economic Adjustment, Diversification, Conversion, and Stabilization Act of 1990 - Amends the Defense Economic Adjustment, Diversification, Conversion, and Stabilization Act of 1990 to lower the numbers of employee reductions required to meet the definition of a substantially and seriously affected community. Declares that one of the Assistant Secretaries of Defense shall be the Assistant Secretary of Defense for Economic Adjustment who shall be responsible for the U.S. economic conversion program. Directs the Assistant Secretary, acting through a Director of Community Assistance Grants, to facilitate the development of community adjustment plans for substantially and seriously affected communities by community members to reduce the adverse effects of defense downsizing. Requires the Director to aid in the formation of community adjustment committees. Makes grants and assistance available to such committees to provide for: (1) a business expert to examine the potential market needs of the region to identify economic adjustment and conversion opportunities for defense facilit…