To amend the Strategic and Critical Materials Stock Piling Act to authorize the President to barter material in the National Defense Stockpile to finance the upgrading, refining, and processing of stockpile material.

Amends the Strategic and Critical Materials Stock Piling Act to authorize the President to barter materials in the National Defense Stockpile in order to finance the upgrading, refining, or processing of a material in the Stockpile to convert such material into a form more suitable for storage, subsequent disposition, and immediate use in a national emergency.