2016 US Code
Title 50 - War and National Defense
Chapter 55 - Defense Production
Subchapter II - Expansion of Productive Capacity and Supply
Sec. 4534 - Defense Production Act Fund
50 U.S.C. § 4534 (2016) |
§4534. Defense Production Act Fund |
(a) Establishment of Fund
There is established in the Treasury of the United States a separate fund to be known as the "Defense Production Act Fund" (in this section referred to as the "Fund"). (b) Moneys in FundThere shall be credited to the Fund— (1) all moneys appropriated for the Fund, as authorized by section 4561 of this title; and (2) all moneys received by the Fund on transactions entered into pursuant to section 4533 of this title. The Fund shall be available to carry out the provisions and purposes of this subchapter, subject to the limitations set forth in this chapter and in appropriations Acts. (d) Duration of FundMoneys in the Fund shall remain available until expended. (e) Fund balanceThe Fund balance at the close of each fiscal year shall not exceed $750,000,000, excluding any moneys appropriated to the Fund during that fiscal year or obligated funds. If, at the close of any fiscal year, the Fund balance exceeds $750,000,000, the amount in excess of $750,000,000 shall be paid into the general fund of the Treasury. (f) Fund managerThe President shall designate a Fund manager. The duties of the Fund manager shall include— (1) determining the liability of the Fund in accordance with subsection (g); (2) ensuring the visibility and accountability of transactions engaged in through the Fund; and (3) reporting to the Congress each year regarding activities of the Fund during the previous fiscal year. When any agreement entered into pursuant to this subchapter after December 31, 1991, imposes any contingent liability upon the United States, such liability shall be considered an obligation against the Fund. |
(Sept. 8, 1950, ch. 932, title III, §304, as added Pub. L. 111–67, §7, Sept. 30, 2009, 123 Stat. 2017.) |
Termination of Section
For termination of section, see section 4564(a) of this title. REFERENCES IN TEXTThis chapter, referred to in subsec. (c), 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 2094 of the former Appendix to this title prior to editorial reclassification and renumbering as this section. PRIOR PROVISIONSPrior sections 304 to 310 of act Sept. 8, 1950, ch. 932, were omitted in the general amendment of title III of the Act by Pub. L. 111–67. Section 304, act Sept. 8, 1950, ch. 932, title III, 64 Stat. 802; June 2, 1951, ch. 121, Ch. XI, 65 Stat. 61; July 31, 1951, ch. 275, title I, §103(b), (c), 65 Stat. 134; Pub. L. 86–560, §2, June 30, 1960, 74 Stat. 282; Pub. L. 88–343, §3, June 30, 1964, 78 Stat. 235; Pub. L. 93–426, §2, Sept. 30, 1974, 88 Stat. 1166; Pub. L. 102–558, title I, §122, Oct. 28, 1992, 106 Stat. 4206; Pub. L. 107–47, §4(4), Oct. 5, 2001, 115 Stat. 260, related to Defense Production Act Fund. Section 305, act Sept. 8, 1950, ch. 932, title III, as added Pub. L. 96–294, title I, §104(e), June 30, 1980, 94 Stat. 619; amended Pub. L. 107–314, div. A, title X, §1062(o)(3), Dec. 2, 2002, 116 Stat. 2653, related to synthetic fuel production. Section 306, act Sept. 8, 1950, ch. 932, title III, as added Pub. L. 96–294, title I, §104(e), June 30, 1980, 94 Stat. 623; amended Pub. L. 107–314, div. A, title X, §1062(o)(3), Dec. 2, 2002, 116 Stat. 2653, related to synthetic fuel production subsequent to determinations respecting a national energy supply shortage of defense fuels. Section 307, act Sept. 8, 1950, ch. 932, title III, as added Pub. L. 96–294, title I, §104(e), June 30, 1980, 94 Stat. 628; amended Pub. L. 102–558, title I, §151, Oct. 28, 1992, 106 Stat. 4218, related to synthetic fuel action. Section 308, act Sept. 8, 1950, ch. 932, title III, as added Pub. L. 96–294, title I, §104(e), June 30, 1980, 94 Stat. 631, related to definitions of "Government synthetic fuel project", "synthetic fuel", "synthetic fuel project", and "United States". Section 309, act Sept. 8, 1950, ch. 932, title III, as added Pub. L. 98–265, §6, Apr. 17, 1984, 98 Stat. 152; amended Pub. L. 99–441, §4, Oct. 3, 1986, 100 Stat. 1117; Pub. L. 102–558, title I, §124, Oct. 28, 1992, 106 Stat. 4207; Pub. L. 107–47, §4(5), Oct. 5, 2001, 115 Stat. 260, related to annual report on impact of offsets. See section 4568 of this title. Section 310, act Sept. 8, 1950, ch. 932, title III, as added Pub. L. 102–558, title I, §125, Oct. 28, 1992, 106 Stat. 4208, related to civil-military integration. DEFENSE PRODUCTION ACT FUND MANAGERSecretary of Defense designated Defense Production Act Fund Manager in accordance with subsec. (f) of this section, see section 309 of Ex. Ord. No. 13603, Mar. 16, 2012, 77 F.R. 16655, set out as a note under section 4553 of this title. EXECUTIVE ORDER NO. 12346Ex. Ord. No. 12346, Feb. 8, 1982, 47 F.R. 5993, related to the transition of synthetic fuel responsibilities from the Department of Energy to the United States Synthetic Fuels Corporation, revoked Ex. Ord. No. 12242, and provided that the provisions of Ex. Ord. No. 12242 would continue in full force and effect with respect to any loan guarantee issued under its provisions. |
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 II - EXPANSION OF PRODUCTIVE CAPACITY AND SUPPLY Sec. 4534 - Defense Production Act Fund |
section 4534 |
2016 |
January 6, 2017 |
No |
standard |
Executive Order 12346 |
64 Stat. 798, 802 65 Stat. 61, 134 74 Stat. 282 78 Stat. 235 88 Stat. 1166 94 Stat. 619, 623, 628, 631 98 Stat. 152 100 Stat. 1117 106 Stat. 4206, 4207, 4208, 4218 115 Stat. 260 116 Stat. 2653 123 Stat. 2017 |
Public Law 86-560, Public Law 88-343, Public Law 93-426, Public Law 96-294, Public Law 98-265, Public Law 99-441, Public Law 102-558, Public Law 107-47, Public Law 107-314, Public Law 111-67 |