States that the purpose of this Act is to aid and stabilize the gold mining industry of the United States by increasing the rate of gold production from currently operating mines, stimulating gold production through the reopening of mines, and encouraging exploration for new gold ore reserves in the United States, with the objective of establishing a strategic stockpile of gold to meet space and defense requirements.
Authorizes the Office of Emergency Preparedness for a period of two years to acquire, set aside, and establish in specified quantities a strategic stockpile of newly mined domestic gold produced within the United States to provide for space and defense needs of the Nation and in the interest of national security.
Referred to House Committee on Armed Services.
Introduced in House
Introduced in House
Referred to House Committee on Armed Services.
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