A bill to amend the Public Works and Economic Development Act of 1965 to eliminate cost-sharing requirements in connection with economic adjustment grants made to assist communities that have suffered economic injury as a result of military base closures and realignments, defense contactor reductions in force, and Department of Energy defense-related funding reductions.

Amends the Public Works and Economic Development Act of 1965 to provide that the federal share of the cost of projects assisted by economic adjustment grants made to communities that have suffered economic injury as a result of a military base closure or realignment, defense contractor reduction in force, or Department of Energy (DOE) defense-related funding reduction shall be 100%.