Corporate Community Investment and Jobs Preservation Act of 1985

[AI summary unavailable — showing source text] Corporate Community Investment and Jobs Preservation Act of 1985 - Requires each corporation involved in a proposed merger to file a community impact statement if: (1) a premerger notification is required under the Clayton Act; and (2) the merger will result in a loss of jobs in any jurisdiction for more than 100 employees of an establishment of one of the corporations involved. Requires such statement to include: (1) the number of jobs to be reduced; (2) the reasons for such reduction; (3) any alternative to such reduction; (4) a plan to minimize the effects of such reduction on the remaining employees and on the local government of the affected area; (5) the nature of the business of the corporation establishment at which the reduction will occur; and (6) the economic circumstances of such corporation,including the profitability of the operation of the affected establishment and any plan for future investments, employment, and production at such establishment. Requires the statement to be submitted to the Federal Trade Commission (FTC), the Department of Justice, the employees of each corporation involved and representatives of their labor unions, and the local governments of the…