A bill to amend the Defense Production Act of 1950 to provide for national stockpiles to protect the economic security of the United States.

States that it is the policy of the Congress, under the Defense Production Act of 1950, to protect the economic security of the United States and to avoid or mitigate the effects on the economy of the United States of future embargoes imposed by foreign sources of economically important materials by establishing national stockpiles of such materials.