Page:United States Statutes at Large Volume 94 Part 1.djvu/669

 PUBLIC LAW 96-294—JUNE 30, 1980 (2) Section 303(b) of the Defense Production Act of 1950 (50 U.S.C. App. 20930))) is amended by striking out "September 30, 1985" and inserting in lieu thereof "September 30, 1995". (3) Section 303(g) of the Defense Production Act of 1950 (50 U.S.C. App. 2093^)) is amended— (A) by striking out "and upon a certification" and all that follows through other national emergency,"; and (B) by striMng out "such" after "of substitutes for". (e) Title III of the Defense Production Act of 1950 (50 U.S.C. App. 2091 et seq.) is amended by adding at the end thereof the following new sections: "SEC. 305. (a)(l)(A) Subject to subsection (k)(D, in order to encourage and expedite the development of S3mthetic fuel for use for national defense purposes, the President, utilizing the provisions of this Act (other than sections 101(a), 101(b), 301,302,303, and 306), and any other applicable provision of law, shall t ^ e immediate action to achieve production of synthetic fuel to meet national defense needs. "(B) The President shall exercise the authority granted by this section— "(i) in consultation with the Secretary of Energy; "(ii) through the Department of Defense and any other Federal department or agency designated by the President; and "(iii) consistent with an orderly transition to the separate authorities established pursuant to the United States Synthetic Fuels Corporation Act of 1980. "(2) This section shall not affect the authority of the United States Sjoithetic Fuels (Corporation. "(b)(l)(A) To assist in carrying out the objectives of this section, the President, subject to subsections (c) and (d), shall— "(i) contract for purchases of, or commitments to purchase, S3mthetic fuel for Government use for defense needs; "(ii) subject to paragraph (3), issue guarantees in accordance with the provisions of section 301, except that the provisions of section 301(e)(l)(B) shall not apply with respect to such guarantees; and "(iii) subject to paragraph (3), make loans in accordance with the provisions of section 302, except that the provisions of section 302(2) shall not apply with respect to such loans. "(2)(A) Except as provided in subparagraph (B) assistance authorized under this subsection may be provided only to persons who are participating in a sjoithetic fuel project. "(B) For purposes of fabrication or manufacture of any component of a synthetic fuel project, assistance authorized under paragraph dXAXii) and paragraph (IXAXiii) may be provided to any fabricator or manufacturer of such component. "(3) The President may not utilize the authority under paragraph (1) to provide any loan or guarantee in accordance with the provisions of section 301 or section 302 in amounts which exceed the limitations established in such sections unless the President submits to the Congress notification of the proposed loan or guarantee in the manner specified under section 307 and such proposed action is either approved or not disapproved by the Congress under such section. For purposes of section 307, any proposal pertaining to a proposed loan or guarantee, notice of which is transmitted to the Congress under this paragraph, shall be considered to be a synthetic fuel action. "(c)(1) Subject to paragraph (2), purchases and commitments to purchase under subsection (b) may be made—

94 STAT. 619

Synthetic fuel, development. 50 USC app. 2095. 50 USC app. 2061, 2071, 2091-2093, post, p. 623.

Post, p. 633.

contracts. Loan guarantees.

Proposed loan or guarantee, notification to Congress. Post, p. 628.

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