National Employment Assistance Act

National Employment Assistance Act - Expresses the findings of Congress and declares it to be the purpose of this Act to establish, in areas of aggravated unemployment, a temporary special unemployment assistance program and a temporary program of community improvement projects.

Title I: Special Unemployment Assistance Program - Provides that each State which enters into an agreement with the Secretary of Labor, pursuant to which it makes payments of special unemployment assistance in accordance with the provisions of this title and the regulations prescribed by the Secretary of Labor, shall be paid by the United States amounts to carry out the provisions of this title in the State.

Provides that an individual shall be eligible to receive a payment of assistance or waiting period credit with respect to a week of unemployment occuring during and subsequent to a special unemployment assistance period in accordance with the provisions of this title if specified requirements are met, including that the individual has exhausted all rights to regular, additional, and extended compensation under all Federal and State unemployment compensation laws.

Specifies the length for the special unemployment assistance period, the amount of the weekly benefit, the maximum benefit amount, and the termination date for assistance under this title.

Title II: Community Improvement Program - Empowers the Secretary to make financial assistance available to eligible applicants within designated areas for the purposes of carrying out community improvement projects providing temporary employment assistance for unemployed persons in public and private nonprofit agencies and organizations providing community services. Provides for the allocation of funds among the designated areas.

Prescribes the procedures for filing applications for financial assistance under this title, for the approval of such applications, and for the conditions required by all programs.

Sets forth the criteria governing an individual's eligibility for employment in projects assisted under this title.

States that funds appropriated to carry out this title shall be available for obligation as follows: (1) $500,000,000, when the Secretary first determines that the rate of national unemployment averages 6 percent or more for three consecutive calendar months; (2) an additional $750,000,000, when the rate averages 6.5 percent or more for three consecutive calendar months; and (3) an additional $1,000,000,000, when the rate averages 7 percent or more for three consecutive calendar months.

Title III: General Provisions - Defines the terms used in this Act. Empowers the Secretary with specified legal authorities. Sets forth the conditions applicable to all programs.

Imposes criminal penalties for the theft or embezzlement of manpower funds and improper inducement.

Authorizes to be approrpiated such sums as may be necessary to carry out the provisions of title I of this Act. States that during the period beginning upon enactment and ending December 31, 1975, there are authorized to be appropriated $2,250,000,000 to carry out the provisions of title II of this Act.