A bill to amend the Defense Economic Adjustment, Diversification, Conversion, and Stabilization Act of 1990 to give priority in the provision of community economic adjustment assistance to those communities most seriously affected by reductions in defense spending, the completion, cancellation, or termination of defense contracts, or the closure or realignment of military installations.

Amends the Defense Economic Adjustment, Diversification, Conversion, and Stabilization Act of 1990 to require the Economic Development Administration, in making economic adjustment assistance available under such Act, to give priority to communities substantially and seriously affected by the closure or realignment of a military installation or the curtailment, completion, elimination, or realignment of a major defense contract or subcontract.