Page:United States Statutes at Large Volume 69.djvu/623

 69

STAT.]

581

PUBLIC LAW 295-AUG. 9, 1955

procurement going to small business; and to make a report to the President and the Congress, not later than six months after the enactment of the Defense Production Act Amendments of 1955, which report shall contain the following: (i) a full statement of the steps taken by the Office of Defense Mobilization in making investigations required by this subsection; (ii) the findings of the Office of Defense Mobilization with respect to the share of procurement which has gone and is now going to small business; (iii) a full and complete statement of the actions taken by the Office of Defense Mobilization and other agencies to increase such small business share; (iv) a full and complete statement of the recommendations made by the procurement agencies and other agencies consulted by the Office of Defense Mobilization; and (v) specific recommendations by the Office of Defense Mobilization for further action to increase the share of procurement going to small business." SEC. 6. Section 708 of the Defense Production Act of 1950, as amended, is amended— (1) by inserting before the period at the end of the first sentence of subsection (b) a colon and the following: ^''Provided, however, That after the enactment of the Defense Production Act Amendments of 1955, the exemption from the prohibitions of the antitrust laws and the Federal Trade Commission Act of the United States shall apply only (1) to acts and omissions to act requested by the President or his duly authorized delegate pursuant to duly approved voluntary agreements or programs relating solely to the exchange between actual or prospective contractors of technical or other information, production techniques, and patents or patent rights, relating to equipment used primarily by or for the military which is being procured by the Department of Defense or any department thereof, and the exchange of materials, equipment, and personnel to be used in the production of such equipment; and (2) to acts and omissions to act requested by the President or his duly authorized delegate pursuant to voluntary agreements or programs which were duly approved under this section before the enactment of the Defense Production Act Amendments of 1955. The Attorney General shall review each of the voluntary agreements and programs covered by this section, and the activities being carried on thereunder, and, if he finds, after such review and after consultation with the Director of the Office of Defense Mobilization and other interested agencies, that the adverse effects of any such agreement or program on the competitive free enterprise system outweigh the benefits of the agreement or program to the national defense, he shall withdraw his approval in accordance with subsection (d) of this section. This review and determination shall be made within ninety days after the enactment of the Defense Production Act Amendments of 1955.";. ,. (2) by inserting in subsection (d) thereof after the word "hereunder" the following: ", or upon withdrawal by the Attorney General of his approval of the voluntary agreement or program on which the request or finding is based,"; (3) by inserting after the first sentence of subsection (e) thereof the following new sentence: "Such surveys, and the reports hereafter required, shall include studies of the voluntary agreements and programs authorized by this section."; (4) by striking out from the last sentence of subsection (e) thereof the words "at such times thereafter as he deems desirable" and inserting in lieu thereof the words "at least once every three months".

Reports to P resident and Congress.

50 USC 2158.

app.

Voluntary agream e n t s and programs.

5 2 Stat. 117. 15 USC 58.

R e v i e w by Attorney General.

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