National Defense Stockpile Modernization Act of 1993

Summary: National Defense Stockpile Modernization Act of 1993 - Directs the President to dispose of specified excess or obsolete materials in the National Defense Stockpile (NDS), in specified amounts. Limits the disposal of silver to coin only.  Repeals all previous disposal authority of the President or the NDS Stockpile Manager. 
Directs the President to acquire additional quantities of strategic and critical materials for the NDS determined to be in deficient supply. 
Requires the disposals and acquisitions mandated under this Act to be completed by the end of FY 2002 and accomplished in compliance with requirements of the Strategic and Critical Materials Stock Piling Act.  Authorizes the President to use barter arrangements to achieve such disposals and acquisitions. Outlines provisions for:  (1) annual quantity rates for acquisitions and disposals; and (2) deposits of proceeds from sales of disposed materials into the National Defense Stockpile Transaction Fund. 
Directs the President to report to the Congress on the manner in which the President will implement and carry out the disposals and acquisitions required under this Act. 
Amends the Strategic and Critical Materials Stock Piling Act to repeal a requirement prohibiting a stockpile disposal that would result in an unobligated balance in the Fund in excess of $100 million.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``National Defense Stockpile 
Modernization Act of 1993''.

SEC. 2. DISPOSAL OF EXCESS AND OBSOLETE MATERIALS IN THE NATIONAL 
              DEFENSE STOCKPILE.

    (a) Disposal Required.--Except as provided in subsection (b), in 
order to reduce the quantities of materials in the National Defense 
Stockpile that are obsolete for military purposes or in excess supply 
in the stockpile, the President shall dispose of materials in the 
stockpile in the quantities set forth in the following table:



                      Required Stockpile Disposals                      
                                                                        
                   Obsolete or excess material for disposal             
                                                                        
  Aluminum Metal...........................................................
  Aluminum Oxide, Abrasive Grain...........................................
  Aluminum Oxide, Abrasive Grain, NSG......................................
  Aluminum Oxide, Fused Crude..............................................
  Analgesics...............................................................
  Antimony.................................................................
  Antimony, NSG............................................................
  Asbestos, Amosite........................................................
  Asbestos, Amosite, NSG...................................................
  Asbestos, Chrysotile.....................................................
  Asbestos, Chrysotile, NSG................................................
  Bauxite, Metal Grade, Jamaica & Surinam..................................
  Bauxite, Refractory......................................................
  Beryl Ore................................................................
  Beryllium Copper Master Alloy............................................
  Bismuth..................................................................
  Cadmium..................................................................
  Chromite, Chemical & Met. Grade Ore......................................
  Chromite, Chem. & Met. Grade Ore, NSG....................................
  Chromite, Refractory Grade Ore...........................................
  Chromium, Ferro..........................................................
  Chromium, Ferro, NSG.....................................................
  Cobalt...................................................................
  Columbium Group, NSG.....................................................
  Copper...................................................................
  Copper, NSG..............................................................
  Diamonds, Industrial, Dies, Small........................................
  Fluorspar, Acid Grade....................................................
  Fluorspar, Acid Grade, NSG...............................................
  Fluorspar, Metallurgical Grade, NSG......................................
  Germanium................................................................
  Graphite, Natural, Ceylon, Amorphous Lump, NSG...........................
  Graphite, Natural, Malagasy, Crystalline.................................
  Graphite, Natural, Malagasy, Crystalline, NSG............................
  Graphite, Natural, Other than Ceylon & Malagasy..........................
  Graphite, Natural, Other, NSG............................................
  Industrial Diamond Bort..................................................
  Industrial Diamond Stones................................................
  Iodine...................................................................
  Iodine, NSG..............................................................
  Jewel bearings, NSG......................................................
  Lead.....................................................................
  Lead, NSG................................................................
  Manganese Ore, Chem. & Met. Grades.......................................
  Manganese Ore, Chem. & Met. Grades, NSG..................................
  Manganese, Battery Grade, Natural Ore....................................
  Manganese, Battery Grade, Natural Ore, NSG...............................
  Manganese, Battery Grade, Synthetic Dioxide..............................
  Manganese, Ferro.........................................................
  Manganese, Metal, Electrolytic...........................................
  Mercury..................................................................
  Mercury, NSG.............................................................
  Mica, Muscovite Film, 1st & 2nd Qualities................................
  Mica, Muscovite Film, 1st & 2nd Qualities, NSG...........................
  Mica, Muscovite Splittings...............................................
  Mica, Muscovite, Block, Stained & Better.................................
  Mica, Muscovite, Block, Stained & Better, NSG............................
  Mica, Phlogopite Block, NSG..............................................
  Mica, Phlogopite Splittings..............................................
  Nickel...................................................................
  Platinum Group Metals, Iridium...........................................
  Platinum Group Metals, Palladium.........................................
  Platinum Group Metals, Palladium, NSG....................................
  Platinum Group Metals, Platinum..........................................
  Platinum Group Metals, Platinum, NSG.....................................
  Quinidine................................................................
  Quinidine, NSG...........................................................
  Quinine..................................................................
  Quinine, NSG.............................................................
  Rutile...................................................................
  Rutile, NSG..............................................................
  Sapphire & Ruby..........................................................
  Sebacic Acid.............................................................
  Silicon Carbide..........................................................
  Silver...................................................................
  Talc.....................................................................
  Tantalum Group, NSG......................................................
  Thorium Nitrate..........................................................
  Tin......................................................................
  Titanium Sponge, NSG.....................................................
  Tungsten Group...........................................................
  Tungsten Group, NSG......................................................
  Vanadium Group...........................................................
  Vegetable Tannin, Chestnut...............................................
  Vegetable Tannin, Quebracho..............................................
  Vegetable Tannin, Wattle.................................................
  Vegetable Tannin, Wattle, NSG............................................
  Zinc.....................................................................
                                                                        
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    (b) Exception to Disposal Requirements.--Subsection (a) shall not 
apply with respect to the disposal of a material set forth in the table 
in that subsection if the President determines after the date of the 
enactment of this Act that the material is once again needed for the 
stockpile.
    (c) Special Rule for Silver.--The disposal of silver under 
subsection (a) may only occur in the form of coins.
    (d) Repeal of Previous Disposal Authorities.--All authorities of 
the President or the National Defense Stockpile Manager in effect on 
the day before the date of the enactment of this Act regarding the 
disposal of specific quantities of materials in the stockpile are 
hereby repealed.

SEC. 3. ACQUISITION OF STRATEGIC AND CRITICAL MATERIALS IN INADEQUATE 
              SUPPLY IN THE NATIONAL DEFENSE STOCKPILE.

    In order to acquire additional quantities of those strategic and 
critical materials that are in deficient supply in the National Defense 
Stockpile, the President shall acquire strategic and critical materials 
for the stockpile in the materials, and in the quantities, set forth in 
the following table:



                     Required Stockpile Acquisitions                    
                                                                        
                          Material to be acquired                       
                                                                        
  Beryllium Metal........................................................
  Chromium, Metal........................................................
  Columbium Group........................................................
  Graphite, Natural, Ceylon, Amorphus Lump...............................
  Indium.................................................................
  Jewel Bearings.........................................................
  Mica, Phlogopite Block.................................................
  Quartz Crystals........................................................
  Rubber, Natural........................................................
  Tantalum Group.........................................................
  Titanium Sponge........................................................
                                                                        
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SEC. 4. REQUIREMENTS OF DISPOSAL AND ACQUISITION PROGRAM.

    (a) Ten-Year Period for Disposal and Acquisition.--The President 
shall complete the disposals of materials required by section 2, and 
the acquisitions of strategic and critical materials required by 
section 3, not later than September 30, 2002.
    (b) Existing Disposal and Acquisition Procedures.--The disposal of 
materials under section 2 and the acquisition of strategic and critical 
materials under section 3 shall be carried out in the manner provided 
in section 6 of the Strategic and Critical Materials Stock Piling Act 
(50 U.S.C. 98e(b)), including the requirement to avoid undue disruption 
of the usual markets of producers, processors, and consumers of such 
materials.
    (c) Use of Barter Authorized.--The President is authorized to enter 
into barter arrangements to dispose of materials required to be 
disposed of under section 2 in order to acquire strategic and critical 
materials required to be acquired under section 3 or upgrade other 
strategic and critical materials in the stockpile.
    (d) Annual Quantity of Acquisitions and Disposals.--In order to 
maintain an orderly acquisition schedule under section 3, the quantity 
of each strategic and critical material acquired under that section 
during each of the fiscal years 1993 through 2002 shall be 
approximately equal, except that acquisition may occur at a faster rate 
to take advantage of favorable purchase or barter opportunities that 
may arise. The President may dispose of materials under section 2 
without regard to any annual limitation on the quantity of such 
disposals.
    (e) Deposit of Proceeds from Sales.--All moneys received from the 
sale of materials required to be disposed of under section 2 shall be 
returned to the Treasury and used to reduce the Federal budget deficit.
    (f) Definitions.--For purposes of this Act:
            (1) The terms ``National Defense Stockpile'' and 
        ``stockpile'' mean the stockpile provided for in section 4 of 
        the Strategic and Critical Materials Stock Piling Act (50 
        U.S.C. 98c).
            (2) The terms ``National Defense Stockpile Transaction 
        Fund'' and ``fund'' mean the National Defense Stockpile 
        Transaction Fund established under section 9(a) of the 
        Strategic and Critical Materials Stock Piling Act (50 U.S.C. 
        98h(a)).
            (3) The term ``NSG'', with regard to a material specified 
        in the table in section 2, means non-specification grade 
        material.

SEC. 5. REPORT ON IMPLEMENTATION OF DISPOSAL AND ACQUISITION 
              REQUIREMENTS.

    Not later than February 15, 1994, the President shall submit to 
Congress a report describing the manner in which the President will 
implement and carry out the disposals of strategic and critical 
materials required by section 2, and the acquisitions of such materials 
required by section 3.

SEC. 6. REPEAL OF DISPOSAL LIMITATION.

    Section 5(b) of the Strategic and Critical Materials Stock Piling 
Act (50 U.S.C. 98d(b)) is amended--
            (1) by striking out ``(1)''; and
            (2) by striking out ``, or (2)'' and all that follows 
        through ``$100,000,000.'' and inserting in lieu thereof a 
        period.

SEC. 7. CONFORMING AMENDMENTS.

    Section 3301 of the National Defense Authorization Act for Fiscal 
Years 1992 and 1993 (Public Law 102-190; 105 Stat. 1583) is amended in 
subsections (a) and (d)--
            (1) by striking out ``fiscal years 1992 and 1993'' and 
        inserting in lieu thereof ``fiscal year 1992''; and
            (2) by striking out ``each of such fiscal years'' and 
        inserting in lieu thereof ``such fiscal year''.

SEC. 8. EFFECTIVE DATE.

    This Act, and the amendments made by this Act, shall take effect on 
October 1, 1993.