§ 4535. Reports on exercise of authorities

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 2023

   National Defense Authorization Act for Fiscal Year 2024

   Pub. L. 118–31 div. A title X § 1080(b) · 137 Stat. 136

   Enacted · 50 U.S.C. § 4535

   (Sept. 8, 1950, ch. 932, title III, § 305, as added Pub. L. 118–31, div. A, title X, § 1080(b), Dec. 22, 2023, 137 Stat. 416.)

   Source evidence

   Code source credit
   (Sept. 8, 1950, ch. 932, title III, § 305, as added Pub. L. 118–31, div. A, title X, § 1080(b), Dec. 22, 2023, 137 Stat. 416.)

   Enacted provision · exact public law section
   (b) Reports on Exercise of Title III Authorities.— Title III of the Defense Production Act of 1950 (50 U.S.C. 4531 et seq.) is amended by adding at the end the following new section: “SEC. 305. REPORTS ON EXERCISE OF AUTHORITIES. “(a) In General.— The President, or the head of an agency to which the President has delegated authorities under this title, shall submit a report and provide a briefing to the appropriate congressional committees with respect to any action taken pursuant to such authorities— “(1) except as provided by paragraph (2), not later than 30 days after taking the action; and “(2) in the case of an action that involves a business concern in the United Kingdom or Australia, not later than 30 days before taking the action. “(b) Elements.— “(1) In general.— Each report and briefing required by subsection (a) with respect to an action described in that subsection shall include— “(A) a justification of the necessity of the use of authorities under this title; and “(B) a description of the financial terms of any related financial transaction. “(2) Additional elements relating to business concerns in the united kingdom or australia.— Each report and briefing required by subsection (a) with respect to an action described in paragraph (2) of that subsection shall include, in addition to the elements under paragraph (1)— “(A) a certification that business concerns in the United States or Canada were not available with respect to the action; and “(B) an analysis of why such business concerns were not available. “(c) Appropriate Congressional Committees Defined.— In this section, the term ‘appropriate congressional committees’ means— “(1) the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives; and “(2) in the case of an action described in subsection (a) involving materials critical to national security (as defined in section 702(7)(B)(ii)(II)(bb)), the Committee on Energy and Natural Resources of the Senate and the Committee on Natural Resources of the House of Representatives.” .

1 of 1 references resolved to an enrolled provision