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[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1715 Introduced in House (IH)]

106th CONGRESS
  1st Session
                                H. R. 1715

 To extend the expiration date of the Defense Production Act of 1950, 
                        and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                              May 6, 1999

 Mr. Bachus (for himself and Ms. Waters) (both by request), introduced 
the following bill; which was referred to the Committee on Banking and 
                           Financial Services

_______________________________________________________________________

                                 A BILL

 
 To extend the expiration date of the Defense Production Act of 1950, 
                        and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Defense Production Act Amendments of 
1999''.

SEC. 2. EXTENSION OF THE DEFENSE PRODUCTION ACT OF 1950.

    Subsection 717(a) of the Defense Production Act of 1950 (50 U.S.C. 
App. 2166(a)) is amended in the first sentence by striking ``Title I 
(except section 104), title III, and title VII (except sections 708 and 
721), and all authority conferred thereunder, shall terminate at the 
close of September 30, 1999'' and inserting ``Title I (except section 
104), title III, and title VII (except sections 707, 708, and 721), and 
all authority conferred thereunder, shall terminate at the close of 
September 30, 2002''.

SEC. 3. AUTHORIZATION OF APPROPRIATIONS.

    Section 711(b) of the Defense Production Act of 1950 (50 U.S.C. 
App. 2161(b)) is amended by striking ``1996, 1997, 1998, and 1999'' and 
inserting ``2000, 2001, and 2002''.

SEC. 4. LOAN GUARANTEES.

    Section 301 of the Defense Production Act of 1950 (50 U.S.C. App. 
2091) is amended--
            (1) in subsection (a), by inserting ``create, maintain,'' 
        after ``guaranteeing agency to be necessary to'';
            (2) in subsection (a)(3)(D), by striking ``output of 
        domestic industrial capability'' and inserting ``foreseeable 
        output of domestic industrial capability''; and
            (3) in subsection (e)(1), by amending subparagraphs (A) 
        through (C) to read as follows:
                    ``(A) Except as provided in subparagraph (D), no 
                guarantee may be made under this section until 30 days 
                after the President notifies Congress of an industrial 
                resource or critical technology item shortfall which 
                such guarantee is intended to correct and that such 
                guarantee is in accordance with the provisions of 
                subsection (a)(3) of this section.
                    ``(B) Notification shall be transmitted in the 
                budget or in writing to the Committee on Banking, 
                Housing, and Urban Affairs of the Senate and the 
                Committee on Banking and Financial Services of the 
                House of Representatives.
                    ``(C) If the making of any guarantee or guarantees 
                to correct an industrial resource shortfall would cause 
                the aggregate outstanding amount of all guarantees for 
                such shortfall to exceed $50,000,000, any such 
                guarantee or guarantees may be made only if 
                specifically authorized by law.''.

SEC. 5. LOANS TO PRIVATE BUSINESS ENTERPRISES.

    Section 302 of the Defense Production Act of 1950 (50 U.S.C. App. 
2092) is amended--
            (1) in subsection (a), by striking ``for the expansion of 
        capacity'' and inserting ``for the creation, maintenance, or 
        expansion of capacity'';
            (2) in subsection (b)(2)(D), by striking ``output of 
        domestic industrial capability'' inserting ``foreseeable output 
        of domestic industrial capability''; and
            (3) in subsection (c) by amending paragraphs (1) through 
        (3) to read as follows:
            ``(1) Except as provided in paragraph (4), no loan may be 
        made under this section until 30 days after the President 
        notifies Congress of an industrial resource or critical 
        technology item shortfall which such loan is intended to 
        correct and that such loan is in accordance with the provisions 
        of subsection (b)(2) of this section.
            ``(2) Notification shall be transmitted in the budget or in 
        writing to the Committee on Banking, Housing, and Urban Affairs 
        of the Senate and the Committee on Banking and Financial 
        Services of the House of Representatives.
            ``(3) If the making of any loan or loans to correct an 
        industrial resource shortfall would cause the aggregate 
        outstanding amount of all loans for such shortfall to exceed 
        $50,000,000, any such loan or loans may be made only if 
        specifically authorized by law.''.

SEC. 6. PURCHASES OF MATERIALS AND INSTALLATION OF EQUIPMENT.

    Section 303 of the Defense Production Act of 1950 (50 U.S.C. App. 
2093) is amended--
            (1) by striking ``sec. 303.'' at the beginning of such 
        section and inserting the following new section heading:

``SEC. 303. REDUCTION OF INDUSTRIAL RESOURCE AND CRITICAL TECHNOLOGY 
              ITEM SHORTFALLS.'';

            (2) by amending paragraph (a)(1) to read as follows:
    ``(a)(1) To reduce industrial resource and critical technology item 
shortfalls, the President may make provision--
            ``(A) for purchases of our commitments to purchase an 
        industrial resource or a critical technology item, for 
        Government use or resale;
            ``(B) for the encouragement of exploration, development, 
        and mining of critical and strategic materials, and other 
        materials;
            ``(C) for the encouragement of development or improvement 
        of production capabilities of an industrial resource or 
        critical technology item; and
            ``(D) for the insertion of critical technology items into 
        military systems.'';
            (3) in subparagraph (a)(5)(D) by striking ``output of 
        domestic industrial capability'' and inserting ``foreseeable 
        output of domestic industrial capability'';
            (4) in subsection (a)(6), by amending subparagraphs (A) and 
        (C) to read as follows:
                    ``(A) Except as provided in paragraph (7), no 
                action may be taken under this subsection until 30 days 
                after the President notifies Congress of an industrial 
                resource or critical technology item shortfall which 
                such action is intended to correct and that such action 
                is in accordance with the provisions of paragraph (5).
                    ``(B) Notification shall be transmitted in the 
                budget or in writing to the Committee on Banking, 
                Housing, and Urban Affairs of the Senate and the 
                Committee on Banking and Financial Services of the 
                House of Representatives.
                    ``(C) If the taking of any action or actions under 
                this section to correct a shortfall would cause the 
                aggregate outstanding amount of all such actions for 
                such industrial resource shortfall to exceed 
                $50,000,000, any such action or actions may be taken 
                only if specifically authorized by law.''; and
            (5) in subsection (g), by inserting ``and for the expansion 
        of supply of difficult to procure spares and other 
        replenishment materiel.'' after ``other industrial resources''.

SEC. 7. CIVIL-MILITARY INDUSTRIAL INTEGRATION.

    Section 310 of the Defense Production Act of 1950 (50 U.S.C. App. 
2099a) is amended to read as follows:

``SEC. 310. CIVIL-MILITARY INDUSTRIAL INTEGRATION.

    ``When in the judgment of the President such action will reduce 
defense acquisition costs or strengthen industrial capabilities needed 
to support the national defense, the President, using authorities 
provided in this title, may make provision to achieve integration of 
commercial and military production.''.

SEC. 8. TITLE III LOANS.

    Title VII of the Defense Production Act of 1950 (50 U.S.C. App. 
2151, et seq.) is amended by adding at the end the following new 
section:

``SEC. 712. TITLE III LOANS.

    ``New direct loans may not be obligated and new loan guarantees may 
not be committed except to the extent that appropriations of budget 
authority to cover their cost are made in advance as required by 
section 504 of the Federal Credit Reform Act of 1990.''.

SEC. 9. TECHNICAL AMENDMENTS.

    (a) Section 301(a) of the Defense Production Act of 1950 (50 U.S.C. 
App. 2091(a)) is amended by striking ``714(a)(1)'' and inserting 
``702(16)''.
    (b) Section 301(e) of such Act (50 U.S.C. App. 2091(e)) is amended 
by striking ``Identification of industrial resource'' and inserting 
``Identification of industrial resource or critical technology item''.
    (c) Subparagraph 301(e)(1)(D)(ii) of such Act (50 U.S.C. App. 
2091(e)(1)(D)(ii) is amended by inserting ``item'' after ``critical 
technology''.
    (d) Section 301(e)(2)(B) of such Act (50 U.S.C. App. 2091(e)(2)(B)) 
is amended by striking ``, Finance and Urban Affairs'' and inserting 
``and Financial Services''.
    (e) Section 303(a)(7)(B) of such Act (50 U.S.C. App. 2093(a)(7)(B)) 
is amended by inserting ``item'' after ``critical technology''.
    (f) Section 304(b)(1) of the Defense Production Act of 1950 (50 
U.S.C. App. 2094(b)(1)) is amended in the second sentence by striking 
``section 711(c)'' and inserting ``section 711(b)''.
                                 <all>
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