2096a. 2097.

2098.

(h) Maximum liability of Federal Government under contracts; budg

etary certifications.

(i) Loan, guarantee, or purchase not to be deemed a major Federal action significantly affecting the quality of the human environment.

(j) Labor standards; applicability, certifications, etc.

(k) Other jurisdictional, etc., authorities relating to water resources and rights unaffected.

(1) Renewals and extensions of contracts.

Annual reports on synthetic fuel production.
Synthetic fuel action.

(a) "Synthetic fuel action" defined.
(b) Submission to Congress by President.
(c) Effective date; resolution of disfavor;
earlier effective date.

(d) Congressional sessions for purposes
of effective date.

(e) Later effective date.

(f) Construction and applicability of procedures with rules of each House.

(g) Procedures applicable to resolutions of approval or disapproval.

Definitions.

2152. 2153.

2154.

2155.

2156.

2157.

2158.

TITLE VII-GENERAL PROVISIONS

Small business.

(a) Encouragement.

(b) Information; advisory committees; exemptions; administration.

(c) Allocation of materials in civilian market.

(d) Distribution of defense contracts. Definitions.

Delegation of authority: creation of new agencies; appointment and compensation of officers and personnel; State representation in regional offices.

Kules, regulations, and orders. Investigations; records; reports; subpenas; right to counsel.

Jurisdiction of courts; injunctions; venue; process; effect of termination of provisions. Liability for compliance with invalid regulations; discrimination against orders or contracts affected by priorities or allocations. Voluntary agreements for preparedness programs and expansion of production capacity and supply.

(a) Immunity from civil and criminal lia-
bility or defense to action under
antitrust laws; exceptions.

(b) "Antitrust laws" defined.
(c) Prerequisites for agreements; delega-
tion authority to Presidential desig-

nees.

(d) Advisory committees; establishment; applicable provisions; membership; notice and participation in meetings; verbatim transcript; availability to public.

(e) Rules; promulgation by Presidential designees; consultation by Attorney General with Chairman of Federal Trade Commission; approval of Attorney General; procedures; incorporation of standards and procedures for development of agree. ments.

(f) Commencement of agreements; expiration date; extensions.

(g) Monitoring of agreements by Attorney General and Chairman of Federal Trade Commission.

(h) Required provisions of rules for implementation of agreements.

(i) Rules; promulgation by Attorney General and Chairman of Federal Trade Commission.

(j) Defense for violation of Federal or State antitrust laws.

(k) Surveys and studies by Attorney General and Federal Trade Commission; content; annual report to Congress and President by Attorney General.

(1) Annual report to Congress and President by Presidential designees; contents.

(m) Jurisdiction to enjoin statutory exemption or suspension and order for production of transcripts, etc.; procedures.

Voluntary agreements and plans of action for international agreements for international allocation of petroleum products and related information systems.

(a) Immunity from civil or criminal liability or defense to action under antitrust laws; exceptions.

(b) Definitions.

(c) Exclusive procedures applicable to agreements or plans.

(d) Advisory committees; establishment; applicable provisions; membership; notice and participation in meetings; verbatim transcript; availability to public; representation on board, task force, etc.

(e) Rules of standards and procedures; promulgation by Administrator; consultation by Administrator and Attorney General with Federal Trade Commission and Secretary of State; approval by Attorney General.

(f) Procedures applicable to promulgation of rules of standards and procedures; required provisions.

(g) Suspension by Administrator of applicable statutory provisions; criteria; procedures.

(h) Development and implementation of agreements and plans; procedures. (i) Monitoring of agreements and plans by Attorney General and Federal Trade Commission; promulgation of regulations by Attorney General for recordkeeping; maintenance of and access to records; promulgation of rules and regulations by Federal Trade Commission and Attorney General; enforcement powers.

(j) Defense for violation of Federal or State antitrust laws or breach of contract actions.

(k) Immunity from or limitation on existing remedy or penalty.

(1) Annual performance report to President and Congress by Administrator; semi-annual impact report to President by Attorney General and Federal Trade Commission.

(m) Authorities granted not to be deemed Congressional approval of international agreement.

(n) United States deemed place of action or agreement.

(0) Contingent applicability to agreements or plans.

Exemption from administrative procedure provisions; statements in rules, regulations, and orders as to consultation with industry representatives. Employment of personnel; appointment policies; nucleus executive reserve; use of confidential information by employees; printing and distribution of reports.

Authorization of appropriations; availability of funds.

Joint Committee on Defense Production.
Territorial application of Act.

Separability of provisions.

Repealed.

Persons disqualified for employment; penalties.

Termination of Act.

Feasibility study of application of uniform cost accounting standards to defense procurement contracts; consultations; reports. Cost Accounting Standards Board.

(a) Formation; Comptroller General as chairman; experience of Board members; terms of office; vacancies; compensation of Board members appointed from private life.

(b) Appointment and compensation of staff members.

(c) Appointment and compensation of other necessary personnel.

(d) Utilization of personnel from Federal agencies or private life.

(e) Compensation of Board members and other personnel from Federal agencies; compensation of appointees from private life; travel expenses for personnel serving on an intermittent basis.

(f) Cooperation between Board and other Federal departments and agencies.

(g) Promulgation

of cost accounting standards; use of standards by defense contractors and relevant Federal agencies; conditions for use of standards; inflationary effect of standards and implementing major rules and regulations; report to Congress; contents.

(h) Implementation of cost accounting

standards; cost accounting disclosure by defense contractors as a condition of contract; mandatory price adjustment clause in contract, with interest, for any increased costs due to contractor's failure to follow cost accounting standards; maximum rate and duration of interest; contract dispute; exemptions; effective date of proposed standards and regulations.

Sec.

2169.

(i) Publication in Federal Register of cost accounting standards and regulations; submission and consideration of views and comments by interested parties; standards, regulations and modifications thereof as having full force and effect of law; effective date; exclusion of functions exercised from operation of specified laws; exemptions.

(j) Determination of compliance with cost accounting standards; right of authorized person to examine and copy relevant records of contractor. (k) Reports to Congress by Board. (1) Authorization of appropriations. National Commission on Supplies and Shortages.

(a) Short title.

(b) Congressional findings.

(c) Statement of purposes.

(d) Establishment; number and tenure of

members.

(e) Chairman and Vice Chairman.

(f) Compensation.

(g) Functions of Commission.

(h) Reports and recommendations to President and Congress.

(i) Advisory committees.

(j) Staff and powers of Commission.
(k) Assistance of Government agencies.
(1) Authorization of appropriations.
AMENDMENTS

1952-Act June 30, 1952, ch. 530, title I, § 116(a), 66 Stat. 305, in title heading in table of contents struck out "Consumer And” in title VI.

1951-Act July 31, 1951, ch. 275, title I, § 107, 65 Stat. 138, amended heading of title II by adding “And Condemn".

TERMINATION DATE

For termination of certain provisions of act Sept. 8, 1950, see section 2166 of this Appendix.

ACT REFERRED TO IN OTHER SECTIONS This Act is referred to in sections 2182, 2183 of this Appendix; title 30 sections 683, 1604; title 42 sections 1591a, 1593e, 6272, 8701, 8775.

§ 2061. Short title

This Act [sections 2061 to 2169 of this Appendix], divided into titles, may be cited as "the Defense Production Act of 1950".

(Sept. 8, 1950, ch. 932, § 1, 64 Stat. 798.)

SHORT TITLE OF 1980 AMENDMENT

Pub. L. 96-294, title I, part A (§§ 101-107), § 101, June 30, 1980, 94 Stat. 617, provided that: "This part [enacting sections 2075, 2076, and 2095 to 2098 of this Appendix, amending sections 2062, 2091 to 2093, 2151, 2161, and 2166 of this Appendix, and enacting a provision set out as a note under section 2062 of this Appendix] may be cited as the 'Defense Production Act Amendments of 1980'."

SHORT TITLE OF 1977 AMENDMENT

Pub. L. 95-37, § 1, June 1, 1977, 91 Stat. 178, provided: "That this Act [amending section 2166(a) of this Appendix] may be cited as the 'Defense Production Act Extension Amendments of 1977'."

SHORT TITLE OF 1975 AMENDMENT

Pub. L. 94-152, § 1, Dec. 16, 1975, 89 Stat. 810, provided: "That this Act [enacting section 2158a of this

Appendix, amending sections 2158, 2160, 2162, 2166, 2168, and 2169 of this Appendix, and enacting provisions set out as notes under section 2158 of this Appendix] may be cited as the 'Defense Production Act Amendments of 1975'."

SHORT TITLE OF 1974 AMENDMENT

Pub. L. 93-426, § 1, Sept. 30, 1974, 88 Stat. 1166, provided: "That this Act [enacting section 2169 of this Appendix and amending sections 2094, 2161, and 2166 of this Appendix] may be cited as the 'Defense Production Act Amendments of 1974"."

SHORT TITLE OF 1955 AMENDMENT

Act Aug. 9, 1955, ch. 655, § 1, 69 Stat. 580, provided: "That this Act [amending sections 2062, 2093, 2151, 2158, 2160, 2162, and 2166 of this Appendix and enacting provisions set out as notes under section 2062 of this Appendix] may be cited as the 'Defense Production Act Amendments of 1955'."

SHORT TITLE OF 1953 AMENDMENT

Act June 30, 1953, ch. 171, § 1, 67 Stat. 129, provided: "That this Act [amending sections 2062, 2071, 2091, 2093, 2151, 2152, 2155, 2163a, and 2166 of this Appendix] may be cited as the 'Defense Production Act Amendments of 1953'."

SHORT TITLE OF 1952 AMENDMENT

Act June 30, 1952, ch. 530, § 1, 66 Stat. 296, provided: "That this Act [enacting sections 1894a, 2111, 2112, and 2137 of this Appendix and section 43a of Title 41, Public Contracts, and amending sections 1884, 1894, 1894a, 2071, 2074, 2092, 2102, 2103, 2107, 2108, 2123, 2155, 2157, 2158, 2162, 2163a, and 2166 of this Appendix and sections 44 and 45 of Title 41] may be cited as the 'Defense Production Act Amendments of 1952'."

SHORT TITLE OF 1951 AMENDMENT

Act July 31, 1951, ch. 275, § 1, 65 Stat. 131, provided: "That this Act [amending sections 1884, 1892 to 1896, 1898, 1899, 2071, 2072, 2074, 2081, 2093, 2094, 2102, 2103, 2105, 2109, 2122, 2123, 2131, 2133, 2135, 2151, 2153 to 2156, 2160, and 2163a to 2166 of this Appendix, repealing section 694f of Title 38, Pensions, Bonuses, and Veterans' Relief, and enacting provisions set out as a note under section 1907 of this Appendix] may be cited as the 'Defense Production Act Amendments of 1951'."

DELEGATION OF FUNCTIONS

Functions of the President under act Sept. 8, 1950 [section 2061 et seq. of this Appendix], relating to the production, conservation use, control, distribution, and allocation of energy delegated to the Secretary of Energy, see section 4 of Ex. Ord. No. 11790, eff. June 25, 1974, 39 F.R. 23185, set out as a note under section 761 of Title 15, Commerce and Trade.

§ 2062. Declaration of policy

In view of the present international situation and in order to provide for the national defense and national security, our mobilization effort continues to require some diversion of certain materials and facilities from civilian use to military and related purposes. It also requires the development of preparedness programs and the expansion of productive capacity and supply beyond the levels needed to meet the civilian demand, in order to reduce the time required for full mobilization in the event of an attack on the United States or to respond to actions occurring outside of the United States which could result in the termination or reduction of the availability of strategic and critical materials, including energy, and which would adverse

ly affect the national defense preparedness of the United States. In order to insure the national defense preparedness which is essential to national security, it is also necessary and appropriate to assure domestic energy supplies for national defense needs.

In order to insure productive capacity in the event of such an attack on the United States, it is the policy of the Congress to encourage the geographical dispersal of the industrial facilities of the United States in the interest of the national defense, and to discourage the concentration of such productive facilities within limited geographical areas which are vulnerable to attack by an enemy of the United States. In the construction of any Government-owned industrial facilities, in the rendition of any Government financial assistance for the construction, expansion, or improvement of any industrial facilities, and in the procurement of goods and services, under this or any other Act, each department and agency of the Executive Branch shall apply, under the coordination of the Office of Defense Mobilization, when practicable and consistent with existing law and the desirability for maintaining a sound economy, the principle of the geographical dispersal of such facilities in the interest of national defense. Nothing contained in this paragraph shall preclude the use of existing industrial facilities. (Sept. 8, 1950, ch. 932, § 2, 64 Stat. 798; June 30, 1953, ch. 171, § 2, 67 Stat. 129; Aug. 9, 1955, ch. 655, § 2, 69 Stat. 580; June 29, 1956, ch. 474, § 4, 70 Stat. 408; June 30, 1980, Pub. L. 96-294, title I, § 102, 94 Stat. 617.)

REFERENCES IN TEXT

This Act, referred to in text, means act Sept. 8, 1950, ch. 932, 64 Stat. 798, as amended, known as the Defense Production Act of 1950, which is classified to sections 2061 to 2169 of this Appendix. For complete classification of this Act to the Code, see section 2061 of this Appendix and Tables.

AMENDMENTS

1980-Pub. L. 96-294 added provisions relating to preparedness respecting termination or reduction in availability of strategic and critical materials, including energy, and domestic energy supplies for national defense needs.

1956-Act June 29, 1956, inserted paragraph relating to encouragement of the geographical dispersal of the industrial facilities of the United States.

1955-Act Aug. 9, 1955, provided that the mobilization effort requires the development of preparedness programs and the expansion of productive capacity and supply in order to reduce the time required for full mobilization.

1953-Act June 30, 1953, amended section generally to make it conform to the more limited scope of sections 2061 et seq. of this Appendix.

EFFECTIVE DATE OF 1980 AMENDMENT

Section 107 of Pub. L. 96-294 provided that: "The amendments made by this part [enacting sections 2075, 2076, and 2095 to 2098 of this Appendix, amending sections 2062, 2091 to 2093, 2151, 2161, and 2166 of this Appendix, and enacting a provision set out as a note under section 2061 of this Appendix] shall take effect on the date of the enactment of this part [June 30, 1980]."

EFFECTIVE DATE OF 1955 AMENDMENT

Section 11 of act Aug. 9, 1955, provided that: "The provisions of this Act [amending sections 2062, 2093, 2151, 2158, 2160, 2162, and 2166 of this Appendix and enacting provisions set out as a note under this section] shall take effect as of the close of July 31, 1955." TERMINATION DATE

For termination of certain provisions of act Sept. 8, 1950, see section 2166 of this Appendix.

TRANSFER OF FUNCTIONS

The Office of Defense Mobilization and the Federal Civil Defense Administration were consolidated to form the Office of Emergency Planning, an agency within the Executive Office of the President, by section 2 of Reorg. Plan No. 1 of 1958, eff. July 1, 1958, 23 F.R. 4991, 72 Stat. 1799, set out under section 2271 of this Appendix, and all functions vested by law in the Office of Defense Mobilization were transferred to the President by section 1 of Reorg. Plan No. 1 of 1958.

The name of the Office of Emergency Planning was changed to the Office of Emergency Preparedness pursuant to section 402 of Pub. L. 90-608, Oct. 21, 1968, 82 Stat. 1194, which provided that references in laws to the Office of Emergency Planning after Oct. 21, 1968, should be deemed references to the Office of Emergency Preparedness.

The Office of Emergency Preparedness, including the offices of Director, Deputy Director, Assistant Directors, and Regional Directors, was abolished and all functions vested by law in the Office of Emergency Preparedness were transferred to the President of the United States by sections 1 and 3(a)(1) of Reorg. Plan No. 1 of 1973, eff. July 1, 1973, 38 F.R. 9579, 87 Stat. 1089, set out under section 2271 of this Appendix.

All functions vested in the Director of the Office of Emergency Preparedness as of June 30, 1973, by Executive Order, proclamation, or other directive issued by or on behalf of the President or otherwise, with certain exceptions, were transferred to the Administrator of General Services, effective July 1, 1973, by Ex. Ord. No. 11725, § 3, eff. June 29, 1973, 38 F.R. 17175, formerly set out as a note under section 2271 of this Appendix.

All functions of the President that had been delegated to the Federal Preparedness Agency of the General Services Administration were transferred to the Director of the Federal Emergency Management Agency pursuant to section 1-103 of Ex. Ord. No. 12148, July 20, 1979, 44 F.R. 43239, set out as a note under section 2251 of this Appendix.

TITLE I-PRIORITIES AND ALLOCATIONS TITLE REFERRED TO IN OTHER SECTIONS

This title is referred to in sections 2157, 2158, 2166 of this Appendix.

§ 2071. Priority in contracts and orders (a) Allocation of materials and facilities

The President is hereby authorized (1) to require that performance under contracts or orders (other than contracts of employment) which he deems necessary or appropriate to promote the national defense shall take priority over performance under any other contract or order, and, for the purpose of assuring such priority, to require acceptance and performance of such contracts or orders in preference to other contracts or orders by any person he finds to be capable of their performance, and (2) to allocate materials and facilities in such manner, upon such conditions, and to such extent as he shall deem necessary or appropriate to promote the national defense.

(b) Critical and strategic materials

The powers granted in this section shall not be used to control the general distribution of any material in the civilian market unless the President finds (1) that such material is a scarce and critical material essential to the national defense, and (2) that the requirements of the national defense for such material cannot otherwise be met without creating a significant dislocaion of the normal distribution of such material in the civilian market to such a degree as to create appreciable hardship.

(c) Domestic energy supplies

(1) Notwithstanding any other provision of this Act [sections 2061 to 2169 of this Appendix], the President may, by rule or order, require the allocation of, or the priority performance under contracts or orders (other than contracts of employment) relating to, supplies of materials and equipment in order to maximize domestic energy supplies if he makes the findings required by paragraph (3) of this subsection.

(2) The President shall report to the Congress within sixty days after the date of enactment of this subsection [Dec. 22, 1975] on the manner in which the authority contained in paragraph (1) will be administered. This report shall include the manner in which allocations will be made, the procedure for requests and appeals, the criteria for determining priorities as between competing requests, and the office or agency which will administer such authorities.

(3) The authority granted in this subsection may not be used to require priority performance of contracts or orders, or to control the distribution of any supplies of materials and equipment in the marketplace, unless the President finds that

(A) such supplies are scarce, critical, and essential to maintain or further (i) exploration, production, refining, transportation, or (ii) the conservation of energy supplies, or (iii) for the construction and maintenance of energy facilities; and

(B) maintenance or furtherance of exploration, production, refining, transportation, or conservation of energy supplies or the construction and maintenance of energy facilities cannot reasonably be accomplished without exercising the authority specified in paragraph (1) of this subsection.

(4) During any period when the authority conferred by this subsection is being exercised, the President shall take such action as may be appropriate to assure that such authority is being exercised in a manner which assures the coordinated administration of such authority with any priorities or allocations established under subsection (a) of this section and in effect during the same period.

(Sept. 8, 1950, ch. 932, title I, § 101, 64 Stat. 799; July 31, 1951, ch. 275, title I, § 101(a), 65 Stat. 132; June 30, 1952, ch. 530, title I, §§ 101, 102, 66 Stat. 296; June 30, 1953, ch. 171, § 3, 67 Stat. 129; Dec. 22, 1975, Pub. L. 94-163, title I, § 104, 89 Stat. 878.)

AMENDMENTS

1975-Subsec. (c). Pub. L. 94-163 added subsec. (c). 1953-Subsec. (a). Act June 30, 1953, eliminated the provisions which related to the slaughtering of livestock and allocation of meat and meat products.

Subsec. (b). Act June 30, 1953, retained priorities and allocation authority for defense production but generally to discontinue such authority with respect to the civilian market except in the special cases where, because of shortages and demands of the defense effort, there otherwise would be a significant dislocation in the civilian market resulting in appreciable hardship. 1952-Act June 30, 1952, redesignated existing provisions as subsec. (a) and added provisions relating to meat and meat products, and added subsec. (b). 1951-Act July 31, 1951, added provision relating to slaughtering of livestock.

TERMINATION DATE

Termination of section on Mar. 31, 1983, see section 2166(a) of this Appendix.

DELEGATION OF FUNCTIONS

Functions of the President under act Sept. 8, 1950 [section 2061 et seq. this Appendix], relating to the production, conservation use, control, distribution, and allocation energy delegated to the Secretary of Energy, see section 4 of Ex. Ord. No. 11790, eff. June 25, 1974, 39 F.R. 23185, set out as a note under section 761 of Title 15, Commerce and Trade.

Functions of the President under subsec. (c) of this section delegated to the Director of the Federal Emergency Management Agency and redelegated by the Director to the Secretary of Energy, see Section 7 of Ex. Ord. No. 11912, eff. Apr. 13, 1976, 41 F.R. 15825, set out as a note under section 6201 of Title 42, The Public Health and Welfare.

EXPIRATION ON DECEMBER 31, 1984, OF PRESIDENTIAL AUTHORITY TO ISSUE ORDERS RELATING TO DOMESTIC ENERGY SUPPLIES

Section 104(b)(1) of Pub. L. 94-163 provided that: "The authority to issue any rules or orders under section 101(c) of the Defense Production Act of 1950, as amended by this Act [subsec. (c) of this section], shall expire at midnight December 31, 1984, but such expiration shall not affect any action or pending proceedings, civil or criminal, not finally determined on such date, nor any action or proceeding based upon any act committed prior to such date."

EXPRESS CONGRESSIONAL ENACTMENT REQUIRED TO AFFECT PRESIDENTIAL AUTHORITY RELATING TO DOMESTIC ENERGY SUPPLIES

Section 104(b)(2) of Pub. L. 94-163 provided that: "The expiration of the Defense Production Act of 1950 [section 2061 et seq. of this Appendix] or any amendment of such Act after the date of enactment of this Act [Dec. 22, 1975] shall not affect the authority of the President under section 101(c) of such Act [subsec. (c) of this section], as amended by subsection (a) of this section and in effect on the date of enactment of this Act, unless Congress by law expressly provides to the contrary."

EXECUTIVE ORDER NO. 10161

Ex. Ord. No. 10161, eff. Sept. 9, 1950, 15 F.R. 6105, as amended by Ex. Ord. No. 10200, eff. Jan. 3, 1951, 16 F.R. 61; Ex. Ord. No. 10233, eff. Apr. 23, 1951, 16 F.R. 3503; Ex. Ord. No. 10281, eff. Aug. 28, 1951, 16 F.R. 8789; Ex. Ord. No. 10301, Nov. 5, 1951, 16 F.R. 11257; Ex. Ord. No. 10324, eff. Feb. 6, 1952, 17 F.R. 1171; Ex. Ord. No. 10359, eff. June 9, 1952, 17 F.R. 5269; Ex. Ord. No. 10373, eff. July 15, 1952, 17 F.R. 6425; Ex. Ord. No. 10377, eff. July 28, 1952, 17 F.R. 6891; Ex. Ord. No. 10390, eff. Sept. 2, 1952, 17 F.R. 7995; and Ex. Ord. No. 10433, eff. Feb. 4, 1953, 18 F.R. 761, which related to delegation of President's functions, was re

voked by Ex. Ord. No. 10480, eff. Aug. 18, 1953, 18 F.R. 4939 set out as a note under section 2153 of this Appendix.

ABOLITION OF WAGE STABILIZATION BOARD AND
CREATION OF NEW BOARD

The Wage Stabilization Board created by Ex. Ord. No. 10161, eff. Sept. 9, 1950, 15 F.R. 6105, as amended, was abolished by section 2103(b)(6) of this Appendix. A new Wage Stabilization Board was created by section 2103(b)(1), which terminated according to section 2166 of this Appendix Apr. 30, 1953.

POWERS OF SECRETARY OF COMMERCE UNDER EX. ORD No. 10161

The Secretary of Commerce by F.R. Doc. 50-8068, filed Sept. 13, 1950, 15 F.R. 6182, established the National Production Authority in the Department of Commerce to perform the functions and exercise the powers vested in the Secretary of Commerce by Ex. Ord. No. 10161, and established the Advisory Committee on Priorities Administration which was to serve in an advisory capacity with respect to policy matters. The National Production Authority was abolished and its functions merged into the Business and Defense Services Administration by Secretary of Commerce order, dated Oct. 1, 1953, which in turn was abolished by Department Organization Order 40-1A of Sept. 15, 1970 and its functions transferred to the Bureau of Domestic Commerce. All functions of the Bureau of Domestic Commerce were transferred by the Secretary of Commerce to the Domestic and International Business Administration, within the Department of Commerce, eff. Nov. 17, 1972.

CROSS REFERENCES

Discrimination against orders or contracts affected by priorities or allocations prohibited, see section 2157 of this Appendix.

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in sections 2072, 2095, 2096, 2157, 2158 of this Appendix; title 10 sections 9511, 9513.

§ 2072. Hoarding of designated scarce materials

In order to prevent hoarding, no person shall accumulate (1) in excess of the reasonable demands of business, personal, or home consumption, or (2) for the purpose of resale at prices in excess of prevailing market prices, materials which have been designated by the President as scarce materials or materials the supply of which would be threatened by such accumulation. The President shall order published in the Federal Register, and in such other manner as he may deem appropriate, every designation of materials the accumulation of which is unlawful and any withdrawal of such designation.

In making such designations the President may prescribe such conditions with respect to the accumulation of materials in excess of the reasonable demands of business, personal, or home consumption as he deems necessary to carry out the objectives of this Act [sections 2061 to 2169 of this Appendix]. This section shall not be construed to limit the authority contained in sections 101 and 704 of this Act [sections 2071 and 2154 of this Appendix].

(Sept. 8, 1950, ch. 932, title I, § 102, 64 Stat. 799; July 31, 1951, ch. 275, title I, § 101(b), 65 Stat. 132.)