Economic Competitiveness and Cooperation Act

Economic Competitiveness and Cooperation Act - Title I: Council on Economic Cooperation and Competitiveness - Establishes within the executive branch a Council on Economic Competitiveness and Cooperation to: (1) collect and analyze relevant domestic and international data concerning economic trends and market opportunities; (2) monitor the changing nature of the U.S. industrial economy and its capacity to provide marketable goods and services and to respond to international competition; (3) publish reports containing Council recommendations with respect to industrial development priorities; (4) create a forum for discussions of national economic problems, opportunities, and strategies; (5) identify certain industries or emerging technologies which are critical to the U.S. economy; (6) monitor the performance and prospects of such critical industries; (7) establish, upon request, subcouncils of the Council for various industries, technologies, and geographical areas; (8) recommend to the President adjustment plans for industries petitioning for import relief pursuant to the Trade Act of 1974; (9) provide policy recommendations and guidance to Congress, the President, and the Federal agencies regarding specific issues concerning industrial strategies; (10) report biannually to the President and Congress on the state of the national economy, on the status of major sectors of the national economy and on the effect of existing Government policies on industries; (11) conduct studies, including but not limited to an assessment of the impact of existing Federal credit programs on financial markets, and the gains which would be derived from improved coordination of such programs and an assessment of whether the amount and pattern of existing private and public capital investment is sufficient to finance the revitalization of mature or linkage industries and the development of emerging industries, and if not, the merits of creating a new financing institution or development bank; and (12) evaluate the competitive impact of existing government policies and business practices. Sets forth the membership and powers of the Council. Directs the Council to report within one year of enactment of this title to the Congress and the President recommendations for changes in any Federal policy necessary to implement effective industrial strategies. Directs the Council to transmit biannually to the President and Congress a report setting forth: (1) the major U.S. industrial development priorities; (2) the policies needed to meet such priorities; and (3) a summary of existing government policies affecting industries.

Authorizes appropriations for FY 1986 to carry out this title.

Title II: Technological Innovation - Part A: Joint Research and Development - Declares that no person shall be civilly liable under the Federal antitrust laws or similar State antitrust laws for making or performing a contract to carry out a research and development project jointly with another person if disclosure is made to the Attorney General. Sets forth information which must be contained in such disclosure. Requires notice of disclosure to be published in the Federal Register within 30 days of the disclosure. Requires all such information to be available to the public within 30 days of its submission to the Attorney General, unless the Attorney General determines that there is good cause to withhold such information from the public for a specified period of time.

Requires the rule of reason standard to be applied to antitrust actions taken against persons making or performing a contract to carry out a joint research and development program. Limits damages for violations of antitrust laws involving such contracts to the amount of actual damages, the cost of the suit, and any interest awarded.

Part B: Strategic Technologies - Requires the Director of the Office of Science and Technology Policy, within six months of enactment of this Act, to enter into an agreement with the National Academy of Sciences and the National Academy of Engineering to prepare a study that identifies economically strategic technologies and plans for the optimal development of such technologies. Sets forth the functions of the Academies in carrying out the study, including developing a technology development program for each technology designated as economically strategic and establishing an advisory committee composed of industry and academic experts to make recommendations for each such program. Requires the committee to submit periodic reports to the President and Congress on the technology development programs. Sets forth administrative provisions. Authorizes appropriations.

Part C: Agency for Technological Innovation - Establishes in the Department of Commerce the Agency for Technological Innovation (the Agency) which shall: (1) consolidate existing Federal programs aimed at stimulating technological innovation; (2) conduct research to identify and solve problems relating to technological innovation; (3) provide a forum for persons and businesses involved in technological innovation to express their concerns and influence Federal policies and programs; (4) ensure effective dissemination and transfer of scientific information and technology; (5) demonstrate and develop new technologies for manufacturing processes; (6) coordinate Federal, State, and local efforts to promote new enterprise development; and (7) encourage and conduct research and development in human resource aspects of technological innovation. Sets forth administrative provisions governing the Agency and its component offices.

Transfers to the Director of the Agency from the National Science Foundation all functions with respect to or administered by the Foundation's Division of Policy Research and Analysis and its Division of Industrial Science and Technology. Transfers to the Director all functions of the National Science Foundation relating to: (1) the enhancement of State and local scientific and technological resources, the evaluation of State and local projects to improve technological innovation, and the promotion of networks between State and local governments conducting such projects; and (2) the study and evaluation of programs providing technical training to entry level employees and the impact of such programs on promoting the adjustment of such employees to technological innovations.

Transfers to the Director all the functions of the Secretary of Energy relating to the identification and promotion of exemplary inventions relating to the development, production, and conservation of energy.

Transfers to the Director all functions of the Administrator of the Small Business Administration relating to the small business research program under the Small Business Act.

Directs the Secretary of Commerce to carry out through the Director all functions: (1) which, on the day before the effective date of this part, were administered through the Assistant Secretary of Commerce for Productivity, Technology, and Innovation, the Director of the National Technical Information Service, and the Director of the Center for the Utilization of Federal Technology; and (2) of the Secretary relating to the identification, promotion, and licensing to business and industrial concerns of inventions developed by Federal agencies.

Part D: Administrative Provisions - Sets forth administrative provisions relating to the Agency. Requires the Director to prepare and transmit an annual report on Agency activities to the Secretary for transmission to the President and the Congress.

Part E: Transitional, Savings, and Conforming Provisions - Sets forth transitional, savings, and conforming provisions relating to the Agency.

Part F: Miscellaneous - Sets forth provisions for the effective date of this part and for interim appointments.

Authorizes appropriations for FY 1986 through 1990 to carry out this part.

Title III: Education and Human Resources - Part A: Compensatory Education for Disadvantaged Secondary School Students - Amends Chapter 1 (Financial Assistance to Meet Special Educational Needs of Disadvantaged Children) of the Educational Consolidation and Improvement Act of 1981 (ECIA) to add new provisions for programs for the special educational needs of disadvantaged secondary school students.

Authorizes appropriations for FY 1986 through 1988 for such programs.

Entitles each local educational agency (LEA) to receive a grant from such appropriations in each fiscal year in an amount relative to that received by the LEA under specified Chapter 1 provisions.

Requires each LEA to use such payments for compensatory programs and projects (including equipment acquisition and minor renovation of facilities) designed to meet the special educational needs of educationally deprived secondary school students. Makes provisions of Chapter 1 of ECIA and of title I of the Elementary and Secondary Education Act of 1965 applicable to such payments.

Part B: Vocational and Adult Education - Defines "adult," for purposes of this part, as any individual who is at least 35 years of age. Defines "adult worker" as any adult who: (1) is a dislocated worker; (2) is a displaced homemaker; (3) was or is employed and needs retraining in order to reenter the job market; (4) is laid off from a job held for many years; (5) needs new or upgraded skills; or (6) is an older American and needs training or retraining.

Authorizes the Secretary of Education (the Secretary, for purposes of this title) to make grants to States to pay the costs of training, retraining, and placement programs for adult workers.

Authorizes appropriations for FY 1986 through 1988 for such grants program.

Sets forth provisions for allotment of such funds to States on the basis of population aged 35 or older. Reserves ten percent of such funds for national demonstration projects and one percent for a national clearinghouse on older Americans job training. Allots one percent of such funds among specified U.S. territories and possessions.

Directs the Secretary to make grants to the adult worker job training committee required to be established in each State desiring to receive assistance under this part. Sets forth requirements for the composition of such committees. Allows such grants to be used by the committees for employment based programs, training programs, and placement services.

Sets forth requirements for State applications for such grants.

Authorizes the Secretary, from reserved funds under this part, to make national demonstration project grants to and contracts with organizations of proven ability in providing employment services to adult workers. Requires that such projects be designed to focus attention on the special vocational needs of adults and to promote employment opportunities for adult workers. Sets forth authorized uses of such grants.

Directs the Secretary, from reserved funds under this part, to establish and operate a clearinghouse on training and retraining programs for adult workers. Authorizes the Secretary to enter into contracts with public agencies and private organizations to operate such clearinghouse.

Sets forth provisions for payments under this part.

Amends the Vocational Education Act of 1963 (VEA) to authorize appropriations for FY 1986 through 1988 for the following programs for State vocational education: (1) basic grants; (2) program improvement and supportive services; (3) special program for the disadvantaged; and (4) consumer and homemaking education.

Requires at least 20 percent of each State's allotment to be used to pay up to 50 percent of the cost of special vocational education programs described in provisions added by this Act.

Adds provisions for Vocational Educational and Training Programs for Disadvantaged Youth to the basic grant provisions of State vocational education programs under VEA. Allows basic grant funds to States to be used for grants to LEAs and participating nonprofit private organizations for such specified vocational programs for disadvantaged youth. Sets forth requirements for such programs.

Amends the Adult Education Act to extend through FY 1987 the authorization of appropriations for grants for special educational projects for the elderly.

Extends the existence of the National Advisory Council on Adult Education until October 1, 1988.

Authorizes appropriations for FY 1986 through 1988 to carry out the Adult Education Act.

Extends through FY 1988 the authorization of appropriations for grants for improvement of educational opportunities for adult Indians.

Extends through FY 1988 the authorization of appropriations for adult education programs for adult immigrants.

Part C: Cancellation of Loans for Certain Teachers - Amends the Higher Education Act of 1965 to provide for the cancellation of the guaranteed student loan debts of mathematics, science, or computer education teachers who agree to teach full-time for at least five consecutive years in a public or other nonprofit elementary or secondary school system. Provides for cancellation of such loans at a rate of ten percent for each year of such qualifying service.

Part D: Education Program for Gifted and Talented Children, and Merit Scholarships - Subpart 1: Gifted and Talented Children - Gifted and Talented Children's Education Act - Amends the Elementary and Secondary Education Act of 1965 (ESEA) to add the Gifted and Talented Children's Education Act as a part A (Gifted and Talented Children) of title IX (Additional Programs) of ESEA.

Authorizes appropriations for FY 1986 through 1988 for programs for gifted and talented children.

Sets forth provisions for State programs. Directs the Secretary to make grants to State educational agencies (SEAs) for the Federal share of the costs of planning, developing, operating, and improving programs to meet the educational needs of gifted and talented children at the preschool, elementary, and secondary levels. Permits such programs to include inservice training of personnel to teach such children.

Directs the Secretary, in any fiscal year in which appropriations for such State programs are less than $15,000,000, to distribute such funds so that each SEA with an approved application receives at least $50,000. Provides for ratable reductions when appropriations are not sufficient to pay such required minimum amount to each SEA. Directs the Secretary, in any fiscal year in which such appropriations equal or exceed $15,000,000, to follow specified State allotment provisions.

Requires SEA applications for such grants to contain specified assurances, including the assurance that appropriate consideration will be given to the particular educational needs of disadvantaged gifted and talented children. Prohibits a SEA from reserving more than ten percent of grant funds for program administration, technical assistance, coordination, and statewide planning. Requires a SEA to distribute, on a competitive basis, at least 90 percent of grant funds to local educational agencies (LEAs) which apply, with due regard for the quality of the proposed activities. Requires a SEA to use at least 50 percent of grant funds for programs and projects which include a component for the identification and education of disadvantaged gifted and talented children from low-income families. Permits use of grant funds for instructional equipment only if such equipment will enhance the program or project. Prohibits SEA approval of an LEA application unless the needs of children in nonprofit private elementary and secondary schools have been taken into account. Requires the SEA to provide technical assistance for proposals and programs of LEAs which are unable to compete due to smaller size or lack of financial resources. Requires that an opportunity for a hearing be afforded before the Secretary may disapprove an application which does not meet specified requirements.

Sets forth provisions for State allotments in any fiscal year in which appropriations for gifted and talented children programs equal or exceed $15,000,000. Directs the Secretary to allot up to one percent of such appropriations, in accordance with their respective needs, among: (1) specified territories and possessions of the United States; (2) programs in schools operated for Indian children by the Department of the Interior; and (3) programs in overseas dependent schools of the Department of Defense. Directs the Secretary to allot the remainder among applicant States on the basis of numbers of children aged five through 17, with a $50,000 minimum allotment to each State. Sets forth provisions for reallotment of any State allotment exceeding the amount a State needs and will be able to use in a fiscal year.

Directs the Secretary to designate an administrative unit within the Office of Education to administer and coordinate programs for gifted and talented children and youth.

Provides that any Indian tribe which operates schools for its children shall be deemed an LEA for purposes of this Act.

Limits financial assistance to any LEA to a five-year period, except assistance extended prior to the date of enactment of the Education Amendments of 1978.

Makes the Federal share for any fiscal year 90 percent, but 100 percent for: (1) clearinghouse activities; (2) research, evaluation, and related activities; and (3) programs and projects involving participation of private school students.

Makes conforming amendments to the Educational Consolidation and Improvement Act of 1981.

Makes a technical amendment to ESEA.

Subpart 2: Merit Scholarships - Authorizes the Secretary to award scholarships to individuals who have demonstrated outstanding academic achievement and who show promise of continued academic achievement.

Provides that such scholarships shall be awarded for a period of one academic year for the first year of study at any institution of higher education which the student chooses to attend.

Requires that each student awarded such a scholarship: (1) be a grauduate of a public or private secondary school; (2) have been admitted for enrollment at an institution of higher education; and (3) show promise of continued academic achievement, pursuant to criteria established by the Secretary.

Authorizes the Secretary to establish the criteria for selection of merit scholars. Directs the Secretary to adopt selection procedures designed to assure that not to exceed ten individuals will be selected from among residents of each congressional district in a State (and of the District of Columbia and of the Commonwealth of Puerto Rico).

Provides that each student awarded a merit scholarship shall receive a stipend, as determined by the Secretary, which shall not exceed $3,000 for the academic year of study for which it is awarded.

Directs the Secretary to establish procedures under which merit scholars establish that they are maintaining satisfactory proficiency and devoting full time to the course of study for which the scholarship was awarded.

Directs the Secretary to make arrangements to award merit scholarships at a place in each State which is convenient to the individuals selected as recipients. Provides that, to the extent possible, the awards shall be made by Members of the Senate and Members of the House of Representatives (or by the Delegate from the District of Columbia or the Resident Commissioner of the Commonwealth of Puerto Rico) who represent the State or district from which the individuals come. Requires that the selection process be completed and the awards made during the week of April 10 in each year, except that such awards shall be made in the first year after the date of enactment of this subpart as soon as possible after such date.

Sets forth administrative provisions relating to such merit scholarship program. Directs the Secretary to report annually to the President and the Congress on the activities conducted under this subpart.

Authorizes appropriations for FY 1986 through 1988 to carry out this subpart.

Title IV: Adjustment for Workers, Communities, and Industries - Part A: Unemployment Insurance - Authorizes States to establish short-time compensation programs under their unemployment compensation laws under which an individual in an industry with declining employment shall be eligible for short-time unemployment compensation for time spent in approved training while the individual continues to be employed on a reduced workweek basis. Encourages States to establish such programs in accordance with specified provisions of the Tax Equity and Fiscal Responsibility Act of 1982.

Authorizes States to provide that unemployment compensation under their State unemployment compensation laws shall be paid to an individual who voluntarily leaves employment in a firm (or subdivision) experiencing a major reduction in employment, for weeks in which such individual is satisfactorily participating in approved training. Amends the Federal-State Extended Unemployment Compensation Act of 1970 to provide that specified provisions shall not apply to such individuals.

Authorizes States to provide under their State unemployment compensation laws that an individual (including an individual who has voluntarily resigned to enter a training program) may elect, at any time during the first eight weeks of eligibility of such regular unemployment compensating payable for regular compensation, to receive an amount equal to 125 percent of the remainder in equal weekly payments over an extended period of time, if during such period the individual is satisfactorily participating in approved training. Sets a limit on the number of weeks over which the individual may choose to receive compensation. Sets forth a formula for determining the amount of remaining regular compensation for which an individual will be eligible if such individual fails to satisfactorily participate in or successfully graduates from the training program at any time after making such an election. Prohibits any individual who makes such an election from being entitled to any more compensation than would have been received if the individual had not made such election, except to the extent that such additional amount is appropriated and allocated to the State under this part. Requires States to provide that the length of an individual's benefit year under the State unemployment compensation law shall be extended by a number of weeks equal to the number of additional weeks for which such individual received unemployment compensation by reason of such an election. Requires that the amount of any extended compensation or Federal supplemental compensation to which an individual may be entitled be determined on the basis of the weekly amount of regular compensation to which an individual was entitled without regard to any such election. Requires that the determination of exhaustion of regular compensation take such election into account.

Authorizes States to provide under their unemployment compensation laws that an individual who has four or more weeks of remaining eligibility for regular compensation and who accepts employment at a lower wage than that required under such State law may receive payment over the 12-month period following acceptance of such employment of an amount equal to 80 percent of the remaining regular compensation for which such individual would be eligible in the benefit year if the individual were to exhaust such eligibility. Provides that such payment shall be in periodic installments which shall be made only for so long as such individual continues such lower-paying employment (or other employment which the individual would not have been required to accept) for a continuous period. Provides that payment of such periodic payments shall terminate any eligibility for additional regular compensation and for any extended compensation or Federal supplemental compensation, during that benefit year.

Authorizes appropriations for 1986 through 1988 to be alloted to States to assist them in carrying out programs authorized under this part, in addition to any other amounts authorized or allotted under the Wagner-Peyser Act. Provides that such funds may be used only for: (1) payment of additional amounts of regular compensation by reason of any extended eligibility under specified provisions of this part; and (2) reimbursement to the State for the Federal share of administrative costs incurred by the State in carrying out programs authorized under this part. Sets such Federal share at 50 percent, with a ten percent increase for each percentage point or portion thereof by which a State's average rate of total unemployment is greater than the average for all States. Directs the Secretary of Labor to allot such funds to States according to the following formula: (1) one-fourth on the basis of the relative number of unemployed residents; (2) three-eighths on the basis of the relative number of unemployed residents in excess of the national average for the civilian labor force; and (3) three-eighths on the basis of the relative decrease in numbers of residents employed in the mining, manufacturing, and construction industries over specified periods and under specified conditions. Sets forth reallotment provisions.

Provides that no program authorized under this part shall be taken into consideration in determining whether there has been a net decrease in the solvency of the State unemployment compensation system for purposes of specified provisions of the Internal Revenue Code.

Part B: Labor Productivity Assistance - Establishes a program of loans for individuals who are unemployed, underemployed, displaced homemakers, or dislocated workers to upgrade job skills, learn new job skills, better their employment opportunities, and increase overall labor productivity.

Establishes in the Treasury a Labor Productivity Trust Fund. Authorizes the Secretary of the Treasury, as Trustee of the Fund, to issue to the Federal Financing Bank notes or other obligations in an amount not to exceed specified total and fiscal year limits. Requires that the proceeds from the issue of such obligations be deposited in the Trust Fund. Authorizes the Federal Financing Bank to set the interest rate on, and to purchase or sell, such obligations. Directs the Trustee to invest, in a specified limited manner, such portion of the Fund as is not required to meet current withdrawals. Authorizes the Trustee to sell at the market price any obligation acquired by the Fund. Requires that the interest on, and the proceeds from the sale or redemption of, any obligations held in the Fund be credited to and form a part of the Fund.

Directs the Trustee (the Secretary of the Treasury) to transfer funds in each fiscal year out of the Fund to the Secretary of Labor (the Secretary) in amounts necessary to carry out this Act, subject to specified limitations. Provides that such transferred funds shall be available for making loans and for payment of administrative expenses under this Act. Directs the Trustee to make such expenditures from the Fund as are necessary for the redemption of notes and obligations issued pursuant to this Act.

Directs the Secretary to allocate funds from the Fund among the States, to the maximum extent possible, on the basis of the allocation set forth under specified provisions of the Job Training Partnership Act (JTPA) relating to the allocation of assistance to dislocated workers.

Sets forth individual eligibility requirements for loans under this Act. Directs the Secretary to promulgate regulations for the certification of eligible individuals identified in a specified manner. Authorizes the Secretary to use the local offices of the U.S. Employment Service in each State or the private industry councils (PICs) established under JTPA to identify and certify any individual eligible to receive such a loan. Makes an individual eligible to receive such a loan if the individual is at least 25 years old and is: (1) a dislocated worker; (2) a displaced homemaker; (3) employed in a declining industry; or (4) underemployed. Requires each certified individual to comply with specified provisions before a PIC may approve a loan to such individual. Permits PICs, in reviewing loan applications, to modify eligibility requirements and certify individuals in five percent of the loan applications, notwithstanding specified eligibility requirements set forth in this Act.

Requires each certified individual desiring to receive a loan to: (1) receive counseling from the appropriate PIC regarding the loan program; (2) develop a written plan, with PIC assistance and including specified contents, for the use of a loan designed for the individualized needs of such individual; and (3) submit an application fully disclosing household income and assets. Requires a PIC to: (1) approve the loan application and written plan of any certified individual upon determining that the application and plan are in compliance with such requirements and that such approval would further the purposes of this Act; and (2) monitor the progress of an individual receiving a loan in accordance with the plan on at least a semiannual basis.

Provides that an individual's unemployment benefits shall not be reduced or suspended because such individual receives a loan under this Act.

Sets forth provisions relating to the terms of labor productivity assistance loans. Limits the amount of such a loan to $10,000 in aggregate per household, whether received as a single loan or as an additional loan to any other loan made under this Act. Provides for repayment of the principal in installments over a period of not more than 12 years, beginning the later of: (1) one year after the date of completion of the authorized activity approved in a recipient's plan, unless the recipient requests repayment to begin earlier; or (2) one month after the date on which such individual has an income in an amount equal to or exceeding 150 percent of the poverty line established under specified provisions of the Community Services Block Grant Act. Limits the annual interest rate on such loan to no more than two percent above the average rate of return established for 52 week Treasury bills in the most recent calendar quarter ended preceding the date of the loan. Sets forth other requirements relating to loan repayment.

Sets forth the following authorized activities for which a certified individual may be approved for a loan under this Act: (1) job skills training, including any two-year college program; and (2) participation in any program, approved by a PIC, which is conducted by or in cooperation with an employer or labor union to provide early assistance to any individual who is adversely affected in employment because of plant closures or labor force reductions by an employer.

Authorizes the Secretary to enter into agreements with PICs to administer the labor productivity assistance loan program authorized by this Act. Sets forth specified powers of the Secretary under this Act.

Part C: Training Technology Transfer - Establishes an Office of Training Technology Transfer in the Department of Education.

Provides that the Director of the Office shall be appointed by the Secretary of Education. Sets forth provisions relating to staffing and staff compensation.

Requires the Director to compile and maintain a current and comprehensive inventory of all training technology developed by or under the supervision of Federal agencies, especially that developed by or under the Office of Assistant Secretary of Defense for Manpower, Reserve Affairs and Logistics of the Department of Defense. Requires that such inventory include specified contents with respect to each item of training technology listed.

Requires the Director, in compiling such inventory, to: (1) consult with and fully utilize the resources of all Federal agencies engaged in the collection and dissemination of information concerning training technology; and (2) request the participation and cooperation of entities in the legislative and judicial branches.

Requires the Director to disseminate the inventory and its revisions widely and on a regular basis to give all potential users of training technology ample notice of its development by Federal agencies. Requires the Director, in doing so, to use all interagency and intergovernmental communications mechanisms and to encourage the participation of independent private sector organizations.

Requires the Director to develop and distribute detailed instructions and procedures for securing copies, and rights thereto, of training technology listed in such inventory and instructions for participating in a conversion assistance program established under this Act.

Requires the Director to advise and consult with any entity which is a prospective user of training technology listed in the inventory and assist such entity in securing the transfer and conversion of such technology from the Federal agency which developed it. Requires the Director, if such agency has not established procedures for such transfer and conversion, to negotiate such transfer and conversion upon application by such entity.

Requires the Director to enter into contracts with competent educational institutions and qualified private sector firms for the conversion of training technology in order to adapt such technology to the requirements of specified entities, upon application by such entity. Describes such an entity as: (1) a small business concern employing not more than 500 employees; (2) a public or private educational institution which is duly accredited, funded, or licensed by a State, including a college, university, community college, public school system, private preparatory school, or vocational school; (3) a trade association or a community-based organization; (4) a State or local government or agency or a private industry council; and (5) a consortium of State and local governments private industry councils, community-based organizations, or small business concerns each of which employs not more than 500 employees.

Requires the Director, in awarding such contracts, to give preference to proposals by such entities which will result in the enhancement of the employability and potential earnings of a maximum number of individuals. Requires the Director to: (1) conduct analyses of national needs for conversions of training technology listed in the inventory, including analyses of the potential number of individuals who will benefit from such conversion, the content of computer software currently available for employee training, and the required levels of proficiency for the use of such software; and (2) encourage and promote multiple use of converted training technology by entities with similar training needs.

Sets limits on the monetary amounts of individual contracts to specified types of entities. Authorizes the Director to allow matching payments by the applicants of up to 50 percent of the costs of conversion in cases where such costs exceed such contract limits. Prohibits any applicant which contributes to such conversion costs from receiving any proprietary interest, share of ownership or control, copyright, or patent in the technology converted with such contribution. Requires the Director to promulgate regulations and procedures for such contributions.

Requires the Director, after the performance of a contract is completed, to provide a copy of the training technology converted pursuant to such contract to the entity which applied for the conversion. Requires that any training technology converted pursuant to a contract under this Act be: (1) listed in the inventory; and (2) available for conversion or transfer to any other entity purusant to this Act.

Requires any entity which is not described under this Act and which wishes to obtain the transfer or conversion of any training technology listed in the inventory to pay the full cost of such transfer or conversion.

Limits the authority of the Director to enter into such contracts to such extent or in such amounts as are provided in appropriation Acts.

Requires the Director to conduct studies and analyses of conversions and transfers of training technology, including an evaluation of the effectiveness of training technology converted or transferred pursuant to this Act.

Directs all Federal agencies to cooperate with the Director in implementing this Act. Directs any Federal agency head to report to the Secretary of Education any finding that the agency is unable to cooperate with the Director for reasons of national security. Directs the Secretary to report to the Congress by July 1 of each year all such findings received by the Secretary during the preceding 12-month period.

Sets forth administrative provisions.

Provides that any training technology transferred or converted pursuant to this Act shall remain in the public domain and no recipient or beneficiary of such technology shall gain any exclusive right, patent, copyright, or ownership over such technology by reason of such transfer or conversion.

Authorizes appropriations for FY 1986 and succeeding fiscal years.

Part D: Community Service Employment - Authorizes appropriations for 1986 through 1988 to provide community service employment under this part for unemployed individuals in areas of economic decline. Sets forth provisions for funding on a program year basis.

Sets forth eligibility requirements for program participants.

Requires that priority in the selection of participants be given to unemployed individuals who are over 40 years old at the time of selection and who have been employed during at least 40 of the last 60 calendar quarters from the date of selection. Requires that, subject to the preceding priority provision, priority be given to any unemployed individual who at the time of selection: (1) resides in a household in which no other member is employed on a full-time basis; (2) resides in a household with the lowest household income and resources relative to other applicants; (3) has been unemployed for the longest periods of time preceding the date of such selection; or (4) has a past record of the longest periods of employment relative to other applicants.

Prohibits any participant from receiving wages from funds made available under this part in excess of 52 weeks in any two-year period, unless such participant is over 55 years old.

Provides for certification of eligibility for all participants by the State employment services, and also provides for special certifications of eligibility under certain conditions.

Requires that funds alloted under this part be used to pay the Federal share of public facilities maintenance and community improvement employment projects. Includes among authorized activities: (1) repair, rehabilitation, or improvement of public facilities; (2) conservation, rehabilitation, or improvement of public (or Indian) lands and waters; (3) public safety, health, social service, and other public welfare activities; (4) State-directed emergency aid programs to cope with natural disasters; (5) assistance for seasonal farmworkers and small farmers; and (6) assistance for State and local educational agencies. Requires that any such projects be completed within an 18-month period.

Sets forth eligibility requirements for specified types of grantees under this part. Requires that such grantees serve areas of economic decline.

Sets forth provisions for allotment of funds under this part. Reserves specified portions of such funds for Native American eligible entities and for specified U.S. territories and possessions. Provides for State allotments according to a formula similar to that used under part A of this title. Provides for within-State allocations to eligible grantees serving areas of economic decline. Provides that not more than half of any such allocation for an area of economic decline may be distributed to State or local educational agencies or public higher education facilities. Sets forth other requirements relating to such distribution. Sets forth reallotment provisions. Sets the Federal share for employment and training wages at 90 percent (95 percent in States where the percentage of eligible participants is at least one and one-half times greater than the national average). Prohibits States from including contributions in kind in payment of the non-Federal share of such wage costs. Sets the Federal share of administrative costs for such projects or programs at 50 percent, with a ten-year percent increase for each percent or portion thereof by which the average rate of unemployment for a State is greater than the national average. Permits the non-Federal share of such administrative costs to be paid in cash or in kind.

Sets forth requirements for State applications and receipt of allotments.

Sets forth requirements relating to project design.

Sets forth limitations on the use of funds under this part.

Authorizes appropriations for FY 1984 and succeeding fiscal years to enable the U.S. Employment Service to provide funds to State employment service agencies to certify eligible participants and refer such participants to available job openings.

Sets forth general requirements relating to participation in programs under this part.

Sets forth labor standards for programs under this part.

Sets forth fiscal controls and sanctions under this part.

Sets forth provisions for judicial review of specified actions or sanctions under this part.

Part E: Community Adjustment - Amends the Job Training Partnership Act (JTPA) to authorize appropriations for FY 1986 through 1988 for the community adjustment and placement service programs added by this part.

Adds provisions for community adjustment and placement service programs under JTPA. Directs the State Governor, from funds made available under JTPA for such program, to establish a community adjustment and placement service program in any service delivery area with high unemployment within such State. Makes such funds subject to specified JTPA provisions.

Directs the Governor, after consultation with the private industry council (PIC) and local government officials in such areas, to establish community service adjustment committees composed of representatives of the Governor, of the State employment security system, and of local businesses, labor organizations, and community organizations. Permits designation of a PIC as such committee. Requires each committee to develop and implement a plan to: (1) assist the community in adjusting to local conditions caused by plant closings or relocations, substantial labor force reductions and permanent layoffs, and other economic disruptions; (2) attract new business concerns and economic opportunities in the area; and (3) assist existing businesses to modernize and expand.

Directs the community service adjustment committee to establish a temporary adjustment committee at a plant site if a business provides 90 days notice of a plant closing or substantial labor force reductions or permanent layoffs. Sets forth requirements for representation on such temporary committees. Requires the temporary adjustment committee to assist employees in finding new employment, relocating, or retraining.

Directs the community service adjustment committee, if without notice a business closes a plant or substantially reduces a labor force or permanently lays off employees, to: (1) organize job search activities, refer employees to retraining programs, assist in relocation, and inform employees of available options (including unemployment insurance, retraining loans, job search clubs, and community service jobs). Allows such committees to accept and use private donations and other funds from governmental agencies, without this affecting the amount of funds such committees may receive pursuant to this part.

Title V: National Investment Corporation - Establishes the National Investment Association to: (1) overcome financial obstacles that place U.S. firms at an unfair disadvantage in international competition; (2) enable State and local governments to implement business development strategies that respond to regional differences, promote the international competitiveness of U.S. business, and refrain from attracting jobs and economic activity away from other jurisdictions in the United States; and (3) expand working relationships among governments and private financial institutions so that public policy responds to market forces, leverages private investment, and accelerates the removal of disincentives to productive investment in private capital markets.

Sets forth provisions for membership of the board of directors of the Association.

Sets forth the general powers of the Association.

Sets forth capitalization provisions. Prescribes the types of stock which the Association may offer to the public, the activities for which proceeds from such stock may be used, and limitations on the amount of stock which is to be purchased by the Secretary of the Treasury. Authorizes the Association to issue and have outstanding obligations, with the approval of the Secretary of the Treasury.

Sets forth provisions for investment in State-based business development. Authorizes the Association to purchase and make commitments to purchase securities which are issued by States or designated corporations to finance activities that are consistent with specified purposes and objectives. Prohibits any such assistance for projects to facilitate relocation of industrial or commercial plants or facilities from one and to another, unless the Association finds that the relocation does not significantly and adversely affect the unemployment or economic base of the area from which the plant or facility is to be relocated. Authorizes the Secretary of Commerce, in consultation with the Association, to designate States as participating or nonparticipating for purposes of such investment. Authorizes the Association to certify that a State-wide business investment strategy which is approved by a Governor is in conformance with specified requirements. Directs the Association to make commitments to purchase securities for amounts not to exceed the sum of a State's subscription share, as determined according to a specified formula, and supplemental allocations, as determined under incentive provisions. Allows such commitments to remain in force for up to six years from the date of commitment so long as the State remains a participating State. Directs the Secretary of Commerce to assess and report at least annually to the Congress the degree to which activities of the Association and participating States are contributing to the purpose and objectives of this title.

Sets forth provisions for secondary market operations of the Association. Authorizes the Association to: (1) guarantee and make commitments to guarantee the timely payment of principal and interest on obligations which are issued by approved financial institutions and backed by pools or trusts of qualifying business loans or participations in qualifying business loans meeting specified requirements; and (2) purchase such qualifying loans or participations from such institutions, form of such qualifying loans or participations, and issue pools or trust or guarantee obligations backed by such pools or trusts. Provides that the aggregate amount of guarantees under such provisions shall not exceed limitations contained in appropriations Acts.

Authorizes the Association, either directly or by contract with governmental agencies or private organizations, to conduct studies and research, publish reports, and provide technical assistance necessary or consistent with the purpose and objectives of this title.

Sets forth miscellaneous provisions relating to the Association, including conforming amendments to other Acts. Provides that the Association is not an investment company for purposes of the Investment Company Act of 1940.

Sets forth provisions for executive and congressional oversight of the Association. Directs the Association to report quarterly and annually on its operations to the Secretary of Commerce who shall report annually on such operations to the Congress. Directs the Secretary to review proposed regulations of the Association within 45 days of their publication for comment. Directs the Comptroller General to audit the operations of the Association annually and report on such audit to the Congress.

Directs the Secretary of Commerce to: (1) study methods for transferring ownership of the Association to the public; and (2) within five years after enactment of this Act, report to the Congress on the results of such study, including any plan or other recommendation for such transfer.

Title VI: Balance of Payments and Competitiveness - Part A: Domestic Industrial Adjustments - Industrial Adjustment Act of 1984 - Amends the Trade Act of 1974 to add new provisions for the implementation of trade adjustment plans.

Requires the Council on Economic Competitiveness and Cooperation, at the same time as the United States International Trade Commission is conducting an investigation, to conduct an analysis as to the requirements for an adjustment plan for the industry with respect to which such investigation relates. Directs the Council, within 30 days after the Commission reports to the President, to submit to the President: (1) a determination as to whether an adjustment plan is necessary; and (2) if necessary, a recommended adjustment plan. Sets forth requirements for such adjustment plans, including recommending legislation. Directs the President, within 60 days after the Commission reports, to make such plan (excluding any confidential information) available to the public. Sets forth procedures to be followed by the President and the Congress in taking actions and considering legislation relating to such adjustment plans.

Revises specified provisions of the Trade Act of 1974 to coordinate provisions established under this Act. Makes conforming amendments relating to the authority of Congress to take action with respect to such adjustment plans.

Provides for monitoring of programs which benefit a specific industry. Directs the Secretary of Commerce to collect specified information with respect to the nature and extent of any foreign government's planning or carrying on a program to promote a specific industry which imports products into the United States. Directs the Secretary to: (1) publish notice of the commencement of such monitoring; and (2) solicit comments and information by published notice and through direct consultations with the domestic industry affected, importers, and the foreign government concerned.

Directs the Secretary of Commerce to initiate a countervailing duty operation and/or an antidumping investigation pursuant to the Tariff Act of 1930, upon determining on the basis of information collected in such monitoring that as a result of a foreign government promotional program there is reasonable likelihood that goods are or will be sold in the United States at less than fair value.

Directs the Secretary of Commerce to establish an Office of Trade Monitoring to gather, organize, compile, and maintain information concerning foreign government programs to promote particular industries. Requires that such information be made available on request to any Federal agency, Member of Congress, or interested member of the public.

Directs the Secretary of Commerce to analyze and report quarterly to the Congress on the information collected under such monitoring provisions, together with an assessment of the likely impact of the programs being monitored on domestic industries and employment. Requires that a summary of such report be published in the Federal Register.

Part B: Agency for International Development - Expresses the sense of the Congress that the Agency for International Development (AID), in implementing its programs, shall take into account specified standards, consistent with the economic policy of the United States, and shall report annually to the Congress as to its conformity to such standards.

Sets forth the following standards: (1) AID programs shall encourage employment-based development that will alleviate urban crowding and reduce pressures for emigration from developing countries and that should emphasize service and infrastructure programs to improve the quality of life; (2) when consistent with these development priorities, AID programs should emphasize the application and use of U.S. technology, thereby stimulating U.S. employment, particularly in areas in which the United States enjoys a substantial comparative advantage, such as agriculture, health technology, pharmaceuticals, telecommunications, energy resource extraction and development, and education technology; (3) AID programs should take into account questions of international overcapacity in such industries as steel and petrochemicals; and (4) AID programs should be designed to reduce inflationary pressures by encouraging self-sufficiency in energy and food production.