Defense Economic Adjustment Act

[AI summary unavailable — showing source text] Defense Economic Adjustment Act - States the purpose of this Act to be to provide advance planning for effective conversion of defense-related industries to productive civilian activity and to provide economic adjustment assistance to affected communities, industries, and workers which may be substantially and seriously affected by reductions in defense expenditures. Title I: Defense Economic Adjustment Council - Establishes a Defense Economic Adjustment Council in the Executive Office of the President, membership to include Cabinet officers, representatives of the business-management community, and representatives of labor union organizations. Defines the duties of the Council, including: (1) encouraging preparation of plans for civilian-oriented public projects; (2) supervising the establishment of a Job Information Bank in the Department of Labor to coordinate State, local and Federal employment services; (3) preparing lists of organizations and consultants engaged in civilian-oriented activity for use by local conversion committees; and (4) preparing and distributing a Conversion Guidelines Handbook. Title II: Alternative Use Committees - Establishes local Alternative Use Commi…