Defense Production Act Amendments, 1962: Hearings Before the Committee on Banking and Currency, United States Senate, Eighty-seventh Congress, Second Session, on S. 3436, a Bill to Amend the Defense Production Act of 1950, July 17, 1962

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U.S. Government Printing Office, 1962 - 152 pages

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Page 34 - The plan and date of disposition shall be fixed with due regard to the protection of the United States against avoidable loss on the sale or transfer of the material to be released and the protection of producers, processors, and consumers against avoidable disruption of their usual markets...
Page 41 - Supply-requirements data submitted pursuant to paragraphs d. and e. above shall be examined upon receipt. A full-scale review may be undertaken at any time that a change is believed to be taking place that would have a significant bearing on the wartime readiness position. Priority of review shall...
Page 51 - US Senate, Washington, DC DEAR SENATOR : This is in response to your request for the views of the Department of Justice on S. 1719, to amend the Interstate Commerce Act and the Federal Aviation Act of 1958...
Page 41 - 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 42 - ... materials. Responsibility with respect to the settlement of commitments in the light of over-all interests of the Government rests with the Administrator of General Services, who shall keep other agencies advised and consult with them to the extent appropriate.
Page 32 - I think it would be well to place in the record at this point an exchange of letters between the chairman of the committee and Mr.
Page 53 - The Bureau of the Budget has advised that there is no objection to the presentation of this report from the standpoint of the administration's program. Sincerely yours, JOHN M. KELLY, Assistant Secretary of the Interior.
Page 44 - ... objective to anticipate eliminating the deficit in the budget by fiscal year 1967 or 1968. As I said, 1967 now looks more likely. Eliminating it should mean we ought to go somewhat beyond that and produce a surplus in the Federal budget, which we could apply to reducing the national debt. Senator JORDAN. I am glad to hear you say that, because it seems to me there is a growing school of support for increasing the Federal debt so long as it does not exceed a certain percent of the gross national...
Page 3 - President may make provision (1) for purchases of or commitments to purchase metals, minerals, and other materials, for Government use or resale; and (2) for the encouragement of exploration, development, and mining of critical and strategic minerals and metals: Provided, however, That purchases for resale under this subsection shall not include that part of the supply of an agricultural commodity which is domestically produced except...
Page 40 - I. MEDICAL STOCKPILES SECTION 101. Delegation of functions. Certain functions under the Federal Civil Defense Act of 1950, as amended (which were transferred to the President by the...

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