Railroad Reorganization Adjustment Assistance Act

[AI summary unavailable — showing source text] Railroad Reorganization Adjustment Assistance Act - Title I: Transfer of Functions and Establishment of Administration - States that it is the purpose of this Act to consolidate in a single agency in the executive branch the administration and coordination of programs of economic development and worker retraining and assistance, and to provide a comprehensive program for the solution of economic and unemployment problems caused by economic dislocation resulting from railroad reorganization. Establishes within the Department of Labor the Railroad Reorganization Adjustment Assistance Administration to assist the Secretary of Labor in carrying out the purposes of this Act. Title II: Railroad Reorganization Adjustment Assistance - Prescribes the requirements for a firm, individual, or community to receive adjustment assistance under this Act. Provides that upon the filing of a petition the Secretary shall determine whether a firm, the workers of a firm, or a community is eligible for adjustment assistance under this Act. States that a firm certified as eligible for adjustment assistance under this Act may, at any time within 2 years after the date of such certification, file an applica…