PUBLIC LAW 96-41—JULY 30, 1979
93 STAT. 319
Public Law 96-41 96th Congress An Act To revise the Strategic and Critical Materials Stock Piling Act, to require that appropriations for acquisition of strategic and critical materials be authorized by law, to establish a National Defense Stockpile Transaction Fund, and for other purposes.
July 30, 1979 [H.R. 2154]
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be Strategic and cited as the "Strategic and Critical Materials Stock Piling Revision Critical Stock Materials Act of 1979". Piling Revision SEC. 2. (a) The Strategic and Critical Materials Stock Piling Act is Act of 1979. amended by striking out the first section and sections 2 through 9 of 50 USC 98 note. such Act (50 U.S.C. 98-98h) and inserting in lieu thereof the following: "SHORT TITLE
1. This Act may be cited as the 'Strategic and Critical Materials Stock Piling Act*. "SECTION
50 USC 98.
FINDINGS AND PURPOSE
"SEC. 2. (a) The Congress finds that the natural resources of the United States in certain strategic and critical materials are deficient or insufficiently developed to supply the military, industrial, and essential civilian needs of the United States for national defense. "(b) It is the purpose of this Act to provide for the acquisition and retention of stocks of certain strategic and critical materials and to encourage the conservation and development of sources of such materials within the United States and thereby to decrease and to preclude, when possible, a dangerous and costly dependence by the United States upon foreign sources for supplies of such materials in times of national emergency.
50 USC 98a.
MATERIALS TO BE ACQUIRED! PRESIDENTIAL AUTHORITY AND GUIDEUNES
"SEC. 3. (a) The President shall determine from time to time (1) 50 USC 98b. which materials are strategic and critical materials for the purposes of this Act, and (2) the quality and quantity of each such material to be acquired for the purposes of this Act and the form in which each such material shall be acquired and stored. Such materials when National acquired, together with the other materials described in section 4 of Defense this Act, shall constitute and be collectively known as the National Stockpile. Defense Stockpile (hereinafter in this Act referred to as the 'stockpile'). "(b) The President shall make the determinations required to be made under subsection (a) on the basis of the following principles: "(1) The purpose of the stockpile is to serve the interest of national defense only and is not to be used for economic or budgetary purposes.