A bill to amend title 10, United States Code, to provide economic adjustment assistance in cases in which major defense contracts are terminated or reduced, and for other purposes.
Economic Conversion Act of 1983 - Authorizes the Secretary of Defense to make weekly assistance payments to employees whose employment is terminated as a result of the cancellation or reduction in a defense contract. Limits assistance payments to a maximum period of two years. Sets a maximum amount for such payments. Reduces the weekly payments by amounts received as unemployment compensation payments, earned income, or public assistance.
Requires the Secretary of Defense to maintain the level of health insurance coverage the employee had prior to termination of employment.
Introduced in House
Introduced in House
Referred to House Committee on Armed Services.
Referred to House Committee on Education and Labor.
Executive Comment Requested from DOD.
Referred to Subcommittee on Investigations.
Referred to Subcommittee on Employment Opportunities.
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