§713d–1 — Title 15 Commerce and Trade | U.S. Code

Summary

If the President finds a serious shortage of any raw material, commodity, or product that threatens people’s health or safety or the nation’s security or welfare, and the problem can’t be fixed soon by more supply or by voluntary agreements, he may send Congress a plan to save that item. The plan must say why action is needed, explain how the plan would be run and enforced (including any extra money and staff needed), set specific limits on use for different kinds of users with the formulas and rules used, and include all the facts and federal agency information that support it. Within fifteen days after the plan is sent, the Joint Economic Committee must hold public hearings on it and then recommend to Congress any laws or actions that seem necessary based on the President’s plan and what comes out at the hearings.

Title 15, §713d–1

Commerce and Trade — Source: USLM XML via OLRC

(a)Whenever the President shall determine that there is or threatens to be a critical shortage of any raw material, commodity, or product which jeopardizes the health or safety of the people of the United States or its national security or welfare and that there is no prospect that such critical shortage may soon be remedied by an increase in the available supply without additional governmental action and that the situation cannot be solved by voluntary agreement under the provisions of this Act, he may prepare proposed measures for conserving such raw material, commodity, or product which he shall submit to the Congress in the following form:

(1)A statement of the circumstances which, in the President’s judgment, require the proposed conservation measures.

(2)A detailed procedure for the administration of the proposed measures including the additional budget and additional personnel required for their enforcement.

(3)The proposed degree of curtailment in current and prospective use of each such raw material, commodity, or product by each processor and/or user thereof, including the specific formulae proposed for such curtailment with respect to each class or classes of processors or users and the criteria used in the establishment of such formulae.

(4)A complete record of the factual evidence upon which his recommendations are based, including all information provided by any agency of the Federal Government which may have been made available to him in the course of his consideration of the matter.

(b)Within fifteen days after the submission of such proposed conservation measures, the Joint Economic Committee shall conduct public hearings thereon and shall make such recommendations to the Congress for legislative action as in its judgment the recommendations of the President and any additional information disclosed at the public hearings may require.

Notes & Related Subsidiaries

Editorial Notes

References in Text

This Act, referred to in text, means act Dec. 30, 1947, ch. 526, 61 Stat. 945. For complete classification of this Act to the Code, see Tables. Codification Section was formerly classified to section 1916 of the former Appendix to Title 50, War and National Defense, prior to editorial reclassification and renumbering as this section.

Amendments

1956—Subsec. (b). Act June 18, 1956, changed “Joint Committee on the Economic Report” to “Joint Economic Committee”.

§713d–1 Critical shortages; recommendations by President; public hearings