Page:United States Statutes at Large Volume 100 Part 1.djvu/1155

 PUBLIC LAW 99-441—OCT. 3, 1986

100 STAT. 1117

Public Law 99-441 99th Congress An Act To extend the expiration date of the Defense Production Act of 1950 and to authorize appropriations for purposes of such Act.

Oct. 3, 1986 [H.R. 5480]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, Defense SECTION 1. SHORT TITLE.

This Act may be cited as the 'Defense Production Act Amendments of 1986".

Production Act Amendments of 1986. 50 USC app. 2061 note.

SEC. 2. EXTENSION OF THE DEFENSE PRODUCTION ACT OF 1950.

The first sentence of section 717(a) of the Defense Production Act of 1950 (50 U.S.C. App. 2166(a)) is amended by striking out "September 30, 1986" and inserting in lieu thereof "September 30, 1989". SEC. 3. AUTHORIZATION OF APPROPRIATIONS.

Section 711(a)(4) of the Defense Production Act of 1950 (50 U.S.C. App. 2161(a)(4)) is amended to read as follows: "(4)(A) There are authorized to be appropriated for fiscal years 1987, 1988, and 1989 not to exceed $150,000,000 to carry out the provisions of section 303, except that not more than $30,000,000 is authorized to be appropriated for fiscal year 1987. "(B) The aggregate amount of loans, guarantees, purchase agreements, and other actions under sections 301, 302, and 303 during fiscal years 1987, 1988, and 1989 may not exceed $150,000,000..

50 USC app. 2093. 50 USC app. 2091-2093.

SEC. 4. OFFSETS REPORTING REQUIREMENT.

Section 309 of the Defense Production Act of 1950 (50 U.S.C. App. 2099) is amended— (1) by striking out "SEC. 309." and inserting in lieu thereof "SEC. 309. (a) REPORT REQUIRED.—";

(2) in the first sentence, by inserting "detailed" before "report"; and (3) by adding at the end thereof the following new subsection: "(b) INTERAGENCY STUDIES.—

"(1) IN GENERAL.—Each report under subsection (a) shall be based on requisite interagency studies designed to progressively capture— "(A) the long-term as well as the short-term effects of offsets (with particular attention to the effects resulting from technology transfer associated with offset agreements); and "(B) the direct and indirect effects of offsets on lower tier defense subcontractors and on nondefense industry sectors which may be adversely affected by offsets. "(2) CONTENTS OF REPORTS.—Each report under subsection (a) shall contain an appropriate summary of^ "(A) the scope of the interagency studies conducted under paragraph (1); and

Science and technology.

Business and industry.

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