To reauthorize the Defense Production Act, to improve the Defense Production Act Committee, and for other purposes.

SECTION 1. REAUTHORIZATION.
    Section 717(a) of the Defense Production Act of 1950 (50 U.S.C. 
App. 2166(a)) is amended--
        (1) by striking ``2014'' and inserting ``2019''; and
        (2) by striking ``on or after the date of enactment of the 
    Defense Production Act Reauthorization of 2009''.
SEC. 2. DEFENSE PRODUCTION ACT COMMITTEE IMPROVEMENTS.
    Section 722 of the Defense Production Act of 1950 (50 U.S.C. App. 
2171) is amended--
        (1) in subsection (a)--
            (A) by striking ``advise the President'' and inserting 
        ``coordinate and plan for''; and
            (B) by striking ``the authority'' and inserting ``the 
        priorities and allocations authorities'';
        (2) in subsection (b), by amending paragraph (2) to read as 
    follows:
        ``(2) The Chairperson of the Committee shall be the head of the 
    agency to which the President has delegated primary responsibility 
    for government-wide coordination of the authorities in this Act.'';
        (3) by amending subsection (c) to read as follows:
    ``(c) Coordination of Committee Activities.--The Chairperson shall 
appoint one person to coordinate all of the activities of the 
Committee, and such person shall--
        ``(1) be a full-time employee of the Federal Government;
        ``(2) report to the Chairperson; and
        ``(3) carry out such activities relating to the Committee as 
    the Chairperson may determine appropriate.''; and
        (4) in subsection (d)--
            (A) by striking ``Not later than'' and all that follows 
        through ``Committee shall submit'' and inserting the following: 
        ``The Committee shall issue a report each year by March 31'';
            (B) by striking ``each member of the Committee'' and 
        inserting ``the Chairperson'';
            (C) in paragraph (1)--
                (i) by striking ``a review of the authority under this 
            Act of'' and inserting ``a description of the contingency 
            planning by''; and
                (ii) by inserting before the semicolon the following: 
            ``for events that might require the use of the priorities 
            and allocations authorities'';
            (D) in paragraph (2), by striking ``authority described in 
        paragraph (1)'' and inserting ``priorities and allocations 
        authorities in this Act'';
            (E) by amending paragraph (3) to read as follows:
        ``(3) recommendations for legislation actions, as appropriate, 
    to support the effective use of the priorities and allocations 
    authorities in this Act;'';
            (F) in paragraph (4), by striking ``all aspects of'' and 
        all that follows through the end of the paragraph and inserting 
        ``the use of the priorities and allocations authorities in this 
        Act;''; and
            (G) by adding at the end the following:
        ``(5) up-to-date copies of the rules described under section 
    101(d)(1); and
        ``(6) short attestations signed by each member of the Committee 
    stating their concurrence in the report.''.
SEC. 3. UPDATED RULEMAKING.
    Section 101(d)(1) of the Defense Production Act of 1950 (50 U.S.C. 
App. 2071(d)(1)) is amended by striking ``not later than'' and all that 
follows through ``rules'' and inserting the following: ``issue, and 
annually review and update whenever appropriate, final rules''.
SEC. 4. PRESIDENTIAL DETERMINATION.
    (a) In General.--Section 303(a) of the Defense Production Act of 
1950 (50 U.S.C. App. 2093(a)) is amended--
        (1) in paragraph (5)--
            (A) by striking ``determines'' and inserting the following: 
        ``, on a non-delegable basis, determines, with appropriate 
        explanatory material and in writing,'';
            (B) in subparagraph (A), by striking ``and'' at the end;
            (C) in subparagraph (B), by striking the period and 
        inserting ``; and''; and
            (D) by adding at the end the following:
            ``(C) purchases, purchase commitments, or other action 
        pursuant to this section are the most cost effective, 
        expedient, and practical alternative method for meeting the 
        need.''; and
        (2) in paragraph (6), by adding at the end the following:
            ``(C) Limitation.--If the taking of any action or actions 
        under this section to correct an industrial resource shortfall 
        would cause the aggregate outstanding amount of all such 
        actions for such industrial resource shortfall to exceed 
        $50,000,000, no such action or actions may be taken, unless 
        such action or actions are authorized to exceed such amount by 
        an Act of Congress.''.
    (b) Exception.--Section 303(a)(6)(C) of the Defense Production Act 
of 1950, as added by subsection (a)(2), shall not apply to a project 
undertaken pursuant to a determination made before the date of the 
enactment of this Act.
SEC. 5. AUTHORIZATION OF APPROPRIATIONS.
    Section 711 of the Defense Production Act of 1950 (50 U.S.C. App. 
2161) is amended--
        (1) by striking ``are hereby authorized to be appropriated such 
    sums as may be necessary and appropriate'' and inserting `` is 
    authorized to be appropriated $133,000,000 for fiscal year 2015 and 
    each fiscal year thereafter''; and
        (2) by striking the second and third sentences.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.

Summary: This measure has not been amended since it was passed by the House on July 29, 2014. Reauthorizes provisions of the Defense Production Act of 1950 through September 30, 2019. Reinstates authorities under which the President may provide for loans to private business enterprises or authorize a guaranteeing agency to guarantee loans by private institutions to contractors, providers of critical infrastructure, or other persons for services, production, or deliveries essential to national defense. Makes such authorities effective for any fiscal year only to such extent or in such amounts as are provided in advance in appropriations Acts. Revises requirements relating to the Defense Production Act Committee to: (1) direct the Committee to coordinate and plan according to specified priorities and allocation authorities. (2) require the Chairperson to be the head of the agency to which the President has delegated primary responsibility for government-wide coordination of such activities. And (3) require the Chairperson to appoint a coordinator of Committee activities . Expands the Committee's annual report to Congress to include a description of contingency planning by federal agencies, legislative recommendations, and updated copies of federal agencies' rules to promote national defense under both emergency and nonemergency conditions. Requires federal agencies delegated defense production authority to review such rules annually and make updates whenever appropriate. Prohibits the President from: (1) delegating a determination to execute a contract for an industrial resource, material, or critical technology that is essential to national defense. (2) executing contracts for such capabilities unless the purchases are the most cost effective, expedient, and practical alternative method for meeting the need. And (3) taking action to correct an industrial resource shortfall without congressional authorization if such action would cause the aggregate outstanding amount of all such actions to exceed $50 million. Prohibits the congressional authorization requirement for an aggregate amount exceeding $50 million from applying to projects undertaken pursuant to a determination made before the enactment of this Act. Authorizes specified appropriations.