An original bill to extend the expiration date of the Defense Production Act of 1950.

Extends until September 30, 1989, the expiration date of the Defense Production Act of 1950. Extends through FY 1989 the authorization of appropriations under such Act, and limits the total amount authorized during FY 1987 through 1989.

Amends the Export Administration Amendments Act of 1985 to delay until October 1, 1987, the effective date of certain provisions under such Act which create the position of Under Secretary of Commerce for Export Administration.