Economic Conversion Act of 1983

[AI summary unavailable — showing source text] Economic Conversion Act of 1983 - Authorizes the Secretary of Defense to make weekly assistance payments to employees whose employment is terminated as a result of the cancellation or reduction in a defense contract. Limits assistance payments to a maximum period of two years. Sets a maximum amount for such payments. Reduces the weekly payments by amounts received as unemployment compensation payments, earned income, or public assistance. Requires the Secretary of Defense to maintain the level of health insurance coverage the employee had prior to termination of employment.…