Defense Production Act Amendments - Repeals the provisions of the Defense Production Act of 1950 authorizing loans to private business for defense purposes and loans to private business and government agencies for the purchase of raw materials and installation of equipment.
Directs the Secretary of the Treasury to cancel the outstanding balance of all unpaid notes issued to the Secretary for such loans, together with interest accrued and unpaid.
States that at the close of each fiscal year there shall be deposited into the Treasury as miscellaneous receipts, from any amounts appropriated under this Act, an amount which the Secretary of the Treasury determines necessary to provide for the payment of any interest accrued and unpaid under this Act.
Authorizes and directs the Comptroller General to undertake a study to recommend legislative and administrative actions to develop a strategic stockpiling and inventories policy which (1) facilitates the availability of essential resources, (2) prevents disruptions in the domestic and foreign economies, and (3) prevents unreasonable increases and erratic fluctuations in the prices of imported essential resources.
Introduced in House
Introduced in House
Referred to House Committee on Banking and Currency.
Reported to House from the Committee on Banking and Currency with amendment, H. Rept. 93-1121.
Reported to House from the Committee on Banking and Currency with amendment, H. Rept. 93-1121.
Passed/agreed to in House: Measure passed House, amended.
Measure passed House, amended.
Measure laid on table in House, S. 3270 passed in lieu.
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