SECTION 1. COMMUNITY ECONOMIC ADJUSTMENT PLAN FOR CLOSED OR REALIGNED 
              MILITARY INSTALLATIONS.

    (a) In General.--The Secretary of Defense may not close or realign 
a military installation under a base closure law until a community 
economic adjustment plan with respect to the installation is prepared 
in accordance with this section.
    (b) Plan Preparation.--(1) The Secretary shall--
            (A) ensure that the community economic adjustment plan, if 
        any, prepared by a State or local government, or a regional 
        economic organization or other organization, with respect to a 
        military installation to be closed or realigned under a base 
        closure law meets the requirements for such a plan under this 
        section; or
            (B) in the event that no government or organization 
        prepares such a plan, prepare a plan meeting such requirements.
    (2)(A) The Secretary may provide such assistance (including making 
grants and entering into cooperative agreements) as the Secretary 
determines appropriate to State or local governments, or regional 
economic organizations or other organizations, in the preparation of a 
community economic adjustment plans under paragraph (1)(A).
    (B) Any grants made by the Secretary under this paragraph shall 
meet the requirements of section 2391(b) of title 10, United States 
Code.
    (3) The Secretary shall carry out the requirements of this 
subsection through the Office of Economic Adjustment of the Department 
of Defense.
    (c) Plan Requirements.--Each community economic adjustment plan 
prepared under this section with respect to a military installation to 
be closed or realigned shall contain the following:
            (1) If the utilization of any portion of the installation 
        for non-defense purposes is determined to be economically 
        practicable, a proposal for the utilization of such portion for 
        such purposes, including--
                    (A) a specific description of such utilization;
                    (B) a proposal for notifying the public the 
                availability of such portion for such purposes;
                    (C) an assessment of the environmental hazards, if 
                any, that exist at the installation, and a plan for the 
                remediation of such hazards;
                    (D) an assessment of (i) the number of civilian 
                employees who will gain or lose employment as a result 
                of the closure or realignment of the installation, and 
                (ii) the number of such employees, if any, who will 
                find alternative employment in the vicinity of the 
                installation after such closure or realignment as a 
                result of such utilization; and
                    (E) an assessment of the affect on the tax base and 
                expenditures of the State and local governments 
                affected by the closure or realignment of (i) the 
                closure or realignment, and (ii) such utilization.
            (2) If the utilization of any portion of the installation 
        for non-defense purposes is determined not to be economically 
        practicable, a detailed explanation of the analysis supporting 
        that determination.
            (3) A proposal for the minimization of the economic impact 
        of the closure or realignment on the region in which the 
        installation is located, including means of--
                    (A) ensuring the economic stability of the region;
                    (B) providing for job creation in the region;
                    (C) providing for growth in rates of personal 
                income throughout the region; and
                    (D) stabilizing the tax base and projected 
                expenditures of State and local governments in the 
                region.
    (d) Notification.--Not later than 30 days after the Secretary 
determines that a community economic adjustment plan with respect to a 
military installation meets the requirements of subsection (c), the 
Secretary shall--
            (1) submit to the appropriate committees of the Senate and 
        House of Representatives a written notification of the 
        completion of the plan; and
            (2) in the event that the Secretary prepares the plan under 
        subsection (a)(1)(B), submit the plan to the governments of the 
        State and localities in which the military installation is 
        located and to such regional economic organizations or other 
        organizations as the Secretary determines appropriate.
    (e) Regulations.--The Secretary shall prescribe regulations for the 
purposes of carrying out this section.
    (f) Definition.--In this section, the term ``base closure law'' 
means the following:
            (1) Section 2687 of title 10, United States Code.
            (2) Title II of the Defense Authorization Amendments and 
        Base Closure and Realignment Act (Public Law 100-526; 10 U.S.C. 
        2687 note).
            (3) The Defense Base Closure and Realignment Act of 1990 
        (part A of title XXIX of Public Law 101-510; 10 U.S.C. 2687 
        note).
            (4) Any other similar law enacted after the date of the 
        enactment of this Act.
    (g) Effective Date.--The provisions of this Act shall take effect 
on the date of the enactment of this Act and apply to military 
installations closed or realigned after such date.
Prohibits the Secretary of Defense from closing or realigning a military installation under a base closure law until a community economic adjustment plan is prepared.  Outlines provisions concerning plan preparation and requirements. Authorizes the Secretary to provide assistance to a State or local government or organization for preparation of such plan through grants or cooperative arrangements.  Requires each plan to include:  (1) a proposal for utilizing a portion of such installation for non-defense purposes, if economically feasible; or (2) a detailed explanation if no portion is determined appropriate for non-defense purposes.
A bill to require the preparation of community economic adjustments plans before the closure or realignment of military installations under base closure laws.