Defense Production Act Extension, 1960: Hearing Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Eighty-sixth Congress, Second Session, on S. 3472, a Bill to Extend the Defense Production Act of 1950, as Amended, for an Additional 2 Years. June 7, 1960 |
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84th Congress acquired by exchange agencies Agricultural Act agricultural commodities aluminum Amdt amended Banking and Currency Bauxite borrowing authority cash requirements Chairman Chromite Civil and Defense Columbite Committee on Banking Commodity Credit Corporation Congress contracts cost value critical materials acquired Cumulative net expenditures Defense Mobilization Defense Production Act Department of Agriculture dispose enacted estimated exchange or barter Executive order Export-Import Bank extend the Defense Federal Facilities Corporation fiscal year 1965 Fluorspar Government Governor HOEGH industrial inventory in transit June 30 legislation loans Manganese March 31 ments metallurgical grade metals million month national stockpile OCDM Office of Civil period Pound price support program Production Act inventory Production Act program purchase sale of materials section 303 Senator DOUGLAS Services Administration Short dry Short ton stockpile inventory stockpile objectives storage strategic and critical supplemental stockpile Total Tungsten U.S. Senate ultimate net cost Washington WILLIS ROBERTSON zinc
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Page 45 - Domestic Tungsten, Asbestos, Fluorspar, and Columbium-Tantalum Production and Purchase Act of 1956 (50 USC App.
Page 45 - Interior to prevent crop damage by migratory waterfowl pursuant to the Act of July 3, 1956 (7 USC 442-445); (5) $163,163,000 for strategic and other materials acquired by the Commodity Credit Corporation as a result of barter or exchange of agricultural commodities or products and transferred to the supplemental stockpile pursuant to Public Law 540, Eighty-fourth Congress (7 USC 1856): (6) $1,264,000 for transfers to the appropriation 'Marketing research and service...
Page 49 - Maintenance of the mobilization base. A portion of the mobilization base comprises existing or projected productive capacity the output of which will be relied on to fill defense requirements. All inventories of Government-owned materials held for long-term storage are a part of the mobilization base and should be weighed in determining the need for a relevant portion of the productive segment of the mobilization base.
Page 45 - To assist in carrying out the objectives of this Act, the President may make provision (1) for purchases of or commitments to purchase metals, minerals, and other materials, for Government use or resale...
Page 15 - Hon. A. WILLIS ROBERTSON, Chairman, Committee on Banking and Currency, US Senate, Washington, DC MY DEAR MR.
Page 19 - ... 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 dislocation of the normal distribution of such material in the civilian market to such a degree as to create appreciable hardship.
Page 16 - US Senate, Washington, DC MY DEAR MR. CHAIRMAN: Reference is made to your request for the views of this Department on S.
Page 48 - The strategic stockpile shall take account of the potentiality of limited war and general war and shall assume rapid mobilization in the event of an emergency.
Page 49 - The supply-requirements balance for any material that is now or may become important to defense shall be kept under continuing surveillance and shall be given a full-scale review at any time that a change is believed to be taking place that would have a significant bearing on the wartime readiness position. Supply-requirements balances shall be examined at least once a year to ascertain the need for a full-scale review. Priority of review shall be given to materials under procurement. 8. Procurement...
Page 48 - Provision for special-property materials. Prospective needs for hightemperature and other special-property materials shall be considered on the basis of a three-year period beginning not more than two years in the future. Estimates of requirements therefor shall be included in the computation of objectives when there are indications of reasonably firm minimum requirements. In this connection arrangements shall be made for the regular availability of objective scientific advice to assist in such evaluation....