Adjustment and diversification assistance for State and local governments affected by Army Transformation Initiative

(a) Provision of assistance Beginning not later than 30 days after the date of the enactment of this Act, subject to the availability of appropriations for such purpose, the Secretary of Defense may provide adjustment and diversification assistance, pursuant to section 2391(b) of title 10, United States Code, to State and local governments affected by the actions taken under the Army Transformation Initiative with respect to— (1) Red River Army Depot, Texas; (2) Pine Bluff Arsenal, Arkansas; and (3) such other Army installations as are identified by the Secretary. (b) Report Not later than 60 days after the date of the enactment of the Act, the Secretary of Defense shall submit to the congressional defense committees a report that includes— (1) an identification of the amount of adjustment and diversification assistance anticipated to be provided during fiscal year 2026 to State and local governments for each Army installation; and (2) an identification of options to address any capability gaps of the Army that could be filled through the Army organic industrial base.