To designate a portion of defense funds for fiscal year 1993 that are made available for economic conversion or reinvestment to be available for certain defense-related personnel transition assistance programs.

Directs the Secretary of Defense to earmark specified funds currently available for FY 1993 for economic conversion or defense reinvestment for: (1) new employment assistance and training programs for recently separated veterans, to be administered by the Department of Veterans Affairs; (2) services under the armed forces transition assistance program; and (3) personnel expenses relating to such programs.