A bill to amend the Public Works and Economic Development Act of 1965, to provide for increased authorizations.

Authorizes to be appropriated, under the Public Works and Economic Development Act, an additional $250,000,000 for each of fiscal years 1975 and 1976 for areas designated by the Secretary of Commerce as redevelopment areas.

Expands the purposes for which the Secretary may make grants to eligible recipients to include short-term work projects to improve, beautify, or enhance the environment.

Increases to $250,000,000 the sum authorized to be appropriated for each fiscal year 1975 and 1976 to provide special programs to meet the needs arising from threatened or severe unemployment and economic dislocation under such Act.