Defense Industrial Stabilization and Community Transition Act of 1993

TABLE OF CONTENTS: Title I: Presidential Council on Economic Diversification and Adjustment Title II: Grant Assistance for Alternative Use Committees Title III: Displaced Workers Title IV: Export Opportunities Title V: Defense Production Act Title VI: Small Business Title VII: Economic Development Assistance Title VIII: Defense Economic Adjustment Trust Fund Defense Industrial Stabilization and Community Transition Act of 1993 - Title I: Presidential Council on Economic Diversification and Adjustment - Establishes the Presidential Council on Economic Diversification and Adjustment within the Executive Office to: (1) determine future reductions in defense spending; (2) identify communities and businesses that will be adversely affected and assist them in diversifying into nondefense commercial activities; (3) assist defense-dependent industries in seeking new markets and workers adversely affected by spending reductions; (4) serve as a liaison among Government programs to minimize adverse effects; (5) maintain the integrity of the defense industrial base during periods of significant spending reductions; (6) ensure that the U.S. technological base is not unduly impaired by such reductions; (7) maintain a clearinghouse of information on State and local initiatives on diversification of businesses and communities; (8) assist State economic development offices in meetings on diversification; (9) ensure that communities, businesses, and workers likely to be adversely affected are given advance notice; and (10) allocate funds in the Defense Economic Adjustment Trust Fund to relevant programs. Establishes Council working groups on technology, marketing, small business, and job training. Title II: Grant Assistance for Alternative Use Committees - Authorizes the Council to make a grant to any eligible alternative use committee at a defense business facility for: (1) a marketing expert to determine potential market needs that provide diversification and conversion opportunities; (2) an office; and (3) experts to determine the feasibility of diversification and conversion alternatives for such facility. Title III: Displaced Workers - Amends the Job Training Partnership Act to authorize certain funds under the Defense Saving Investment Act of 1991 to be made available for the defense conversion adjustment program. Title IV: Export Opportunities - Amends the Export-Import Bank Act of 1945 to require the Export-Import Bank to include in an annual report to the Congress a description of actions taken to support the commercial diversification of industries dependent on defense spending. Amends the Arms Export Control Act to authorize the President to extend guarantees to U.S. businesses in connection with the sale of defense articles and services to NATO countries, Japan, Australia, New Zealand, and Israel. Authorizes appropriations. Title V: Defense Production Act - Amends the Defense Production Act of 1950 to authorize the President to permit specified Federal agencies engaged in defense procurement to guarantee any financing institution against losses on any commitment for financing the conversion of businesses from defense-related production to commercial production. Permits the President to provide such authority only with respect to businesses critical to the U.S. defense industrial base that are likely to be closed. Title VI: Small Business - Directs the Administrator of the Small Business Administration to increase: (1) the number of small business development centers in defense-dependent regions; and (2) the assistance and services provided to defense-dependent small business concerns. Amends the Small Business Act to increase the amount required to be allocated for small business innovation research programs. Title VII: Economic Development Assistance - Makes communities that will be adversely affected by defense spending reductions eligible for special economic development and adjustment assistance under the Public Works and Economic Development Act of 1965. Authorizes the Council to transfer funds under this Act for providing assistance under such Act. Title VIII: Defense Economic Adjustment Trust Fund - Establishes the Defense Economic Adjustment Trust Fund. Authorizes appropriations.