Here is the javascript version.
function loadLayerTransparencyToSelection() {
var desc = new ActionDescriptor();
var ref = new ActionReference();
ref.putProperty( charIDToTypeID('Chnl'), charIDToTypeID('fsel') );
desc.putReference( charIDToTypeID('null'), ref );
var ref = new ActionReference();
ref.putEnumerated( charIDToTypeID('Chnl'), charIDToTypeID('Chnl'), charIDToTypeID('Trsp') );
desc.putReference( charIDToTypeID('T '), ref );
executeAction( charIDToTypeID('setd'), desc, DialogModes.NO );
};