Resolution creating a select committee to conduct a full and complete investigation and study of shortages of materials and natural resources affecting the United States.

Establishes a select committee to be composed of seven Members of the House of Representatives. Authorizes the committee to conduct a full and complete investigation and study of shortages of materials and natural resources affecting the United States, including: (1) causes, extent, and effects; (2) the adequacy of current machinery and procedures of the Congress and the executive branch pertaining to the solution of such problems; and (3) comprehensive measures to assure Federal support and assistance for the securement of materials and natural resources at home and abroad based on relative need in order to achieve an adequate supply, considering present and projected needs of the Nation.

Authorizes the committee to hold hearings during the present Congress at such times and places as deemed advisable, and to request the attendence and testimony of witnesses, and the production of such records, books, correspondence, memorandums, papers, and documents as it deems necessary.