2016 US Code
Title 50 - War and National Defense
Chapter 55 - Defense Production
Subchapter I - Priorities and Allocations
Sec. 4512 - Hoarding of designated scarce materials
50 U.S.C. § 4512 (2016) |
§4512. Hoarding of designated scarce materials |
In order to prevent hoarding, no person shall accumulate (1) in excess of the reasonable demands of business, personal, or home consumption, or (2) for the purpose of resale at prices in excess of prevailing market prices, materials which have been designated by the President as scarce materials or materials the supply of which would be threatened by such accumulation. The President shall order published in the Federal Register, and in such other manner as he may deem appropriate, every designation of materials the accumulation of which is unlawful and any withdrawal of such designation. In making such designations the President may prescribe such conditions with respect to the accumulation of materials in excess of the reasonable demands of business, personal, or home consumption as he deems necessary to carry out the objectives of this chapter. This section shall not be construed to limit the authority contained in sections 4511 and 4554 of this title. |
(Sept. 8, 1950, ch. 932, title I, §102, 64 Stat. 799; July 31, 1951, ch. 275, title I, §101(b), 65 Stat. 132.) |
Termination of Section
For termination of section, see section 4564(a) of this title. REFERENCES IN TEXTThis chapter, referred to in text, was in the original "this Act", meaning act Sept. 8, 1950, ch. 932, 64 Stat. 798, known as the Defense Production Act of 1950, which is classified principally to this chapter. For complete classification of this Act to the Code, see section 4501 of this title and Tables. CODIFICATIONSection was formerly classified to section 2072 of the former Appendix to this title prior to editorial reclassification and renumbering as this section. AMENDMENTS1951—Act July 31, 1951, authorized President to prescribe conditions and exceptions allowing maintenance of substantial inventories of critical materials in certain cases. DELEGATION OF FUNCTIONSFunctions of President under this chapter relating to production, conservation, use, control, distribution, and allocation of energy, delegated to Secretary of Energy, see section 4 of Ex. Ord. No. 11790, June 25, 1974, 39 F.R. 23185, set out as a note under section 761 of Title 15, Commerce and Trade. |
United States Code, 2012 Edition, Supplement 4, Title 50 - WAR AND NATIONAL DEFENSE |
Bills and Statutes |
United States Code |
Y 1.2/5: |
Title 50 - WAR AND NATIONAL DEFENSE CHAPTER 55 - DEFENSE PRODUCTION SUBCHAPTER I - PRIORITIES AND ALLOCATIONS Sec. 4512 - Hoarding of designated scarce materials |
section 4512 |
2016 |
January 6, 2017 |
No |
standard |
64 Stat. 799, 798 65 Stat. 132 |