Page:United States Statutes at Large Volume 94 Part 1.djvu/667

 PUBLIC LAW 96-294—JUNE 30, 1980

94 STAT. 617

able manner the equivalent of at least 500,000 barrels of crude oil per day by 1987 and of at least 2,000,000 barrels of crude oil per day by 1992; (C) creating the United States Synthetic Fuels Corporation, a Federal entity of limited duration formed to provide financial assistance to undertake synthetic fuel projects; (D) providing for financial assistance to encourage and assure the flow of capital funds to those sectors of the national economy which are important to the domestic production of synthetic fuel; (E) encouraging private capital investment and activities in the development of domestic sources of synthetic fuel and to foster competition in the development of the Nation's synthetic fuel resources; (F) encouraging and supplementing and not competing with or supplanting private capital investments in the development of domestic sources of sjoithetic fuel; (G) fostering greater energy security and reducing the Nation's economic vulnerability to disruptions in imported energy supplies; and (H) giving special consideration to the production of sjmthetic fuel which has national defense applications and expediting its initial development through the Defense Production Act of 1950. ^^ use app. Part A—Development of S3mthetic Fuel Under the Defense Production Act of 1950

Defense Wn^menttof 1980.

SHORT TITLE

SEC. 101. This part may be cited as the "Defense Production Act so use app. 206I Amendments of 1980". "°^^ DECLARATION OF POLICY

SEC. 102. The second sentence of section 2 of the Defense Production Act of 1950 (50 U.S.C. App. 2062) is amended by striking out the period at the end thereof and inserting in lieu thereof "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 adversely 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.". RESTRICTION ON RATIONING

SEC. 103. Title I of the Defense Production Act of 1950 (50 U.S.C. App. 2071 et seq.) is amended by adding at the end thereof the following: "SEC. 105. Nothing in this Act shall be construed to authorize the so use app. President to institute, without the approval of the Congress, a ^^^^ program for the rationing of gasoline among classes of end-users. "SEC. 106. For purposes of this Act, 'energy' shall be designated as a so^usc app. 'strategic and critical material' after the date of the enactment of this 2076. section: Provided, That no provision of this Act shall, by virtue of such designation— "(1) grant any new direct or indirect authority to the President for the mandatory allocation or pricing of any fuel or feedstock

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