Defense Production Act Determination for Strategic Materials
💰 Economy · First Term (2017–2021) · 🤖 AI-categorized
On July 22, 2019, the Trump administration issued a Presidential Determination under Section 303 of the Defense Production Act of 1950, invoking authority to prioritize contracts and allocate materials deemed necessary for national defense. This determination authorized federal agencies to require vendors to fulfill government contracts for specified materials ahead of other orders. The direct effect was to establish priority allocation authority for defense-related supply chains, affecting companies receiving such determinations.
SOURCE /
https://www.congress.gov/