Job Security Bank Act of 1985

[AI summary unavailable — showing source text] Job Security Bank Act of 1985 - Amends the Trade Act of 1974 to revise provisions relating to trade adjustment assistance program benefits. Requires workers, before receiving such benefits, to agree to repay certain amounts of such assistance whenever the worker begins full-time employment after total separation from the adversely affected employment. Requires such repayment in monthly installments over the course of the first year of such full-time employment. Sets forth formulas for determining the applicable repayment amount on the basis of the amount of income exceeding specified poverty levels from the full-time employment and the amount of program benefits received. Prohibits payment of program benefits to any worker if: (1) any amount was previously paid under retraining provisions for such worker; and (2) the worker continued or resumed, after the 60 day-period after the retraining ended, the adversely affected employment which had made the worker eligible for such retraining. Revises conditions for eligibility of workers for trade adjustment allowance payments. Removes the condition that all rights to unemployment insurance be exhausted. Adds a requirement that the worker …