1. Short title This Act may be cited as the Providing Recovery Opportunities & Mitigating Industry’s Shifting Economics (PROMISE) Act . 2. Table of contents The table of contents for this Act is as follows: Sec. 1. Short title. Sec. 2. Table of contents. Sec. 3. Definitions. Title I—Closure of Electric Generating Stations Sec. 101. Closure of electric generating stations. Title II—Workforce Innovation and Opportunity Act Sec. 201. Dislocated Worker Project. Title III—Funds for Loss of Revenues Sec. 301. Funds for loss of revenues. Title IV—Significantly Impacted Federal Community Economic Adjustment Program Sec. 401. Function of the Secretary. Sec. 402. Functions of program. Sec. 403. Economic Adjustment Committee. Sec. 404. Office of Economic Adjustment of the Department of the Interior. Sec. 405. Responsibilities of executive agencies. 3. Definitions In this Act, the following apply: (1) Department The term Department means the Department of the Interior. (2) Electric generating station owned in part by the Department The term electric generating station owned in part by the Department means an electric generating station in which the Department or any of its subagencies owns or has the right to use more than 20 percent of the electricity generated at a facility that currently produces over 2,000 megawatts of electricity. (3) Secretary The term Secretary means the Secretary of the Interior. I Closure of Electric Generating Stations 101. Closure of electric generating stations (a) Reuse studies Whenever the Secretary or the operator of an electric generating station owned in part by the Department announces that an electric generating station owned in part by the Department is a candidate for closure or that a final decision has been made to close an electric generating station owned in part by the Department and the Secretary determines, because of the location, facilities, or other particular characteristics of the electric generating station that it may be suitable for some specific Federal, State, Tribal,