Defense Production Act of 1950
The Defense Production Act of 1950 (Pub. L. 81–774) is a United States federal law enacted on September 8, 1950, in response to the start of the Korean War. It was part of a broad civil defense and war mobilization effort in the context of the Cold War. Its implementing regulations, the Defense Priorities and Allocation System (DPAS), are located at 15 CFR §§700 to 700.93. Since 1950, the Act has been reauthorized over 50 times. It has been periodically amended and remains in force.
| Long title | An Act to establish a system of priorities and allocations for materials and facilities, authorize the requisitioning thereof, provide financial assistance for expansion of productive capacity and supply, provide for price and wage stabilization, provide for the settlement of labor disputes, strengthen controls over credit, and by these measures facilitate the production of goods and services necessary for the national security, and for other purposes |
|---|---|
| Enacted by | the 81st United States Congress |
| Effective | September 8, 1950 |
| Citations | |
| Public law | 81-774 |
| Statutes at Large | 64 Stat. 798 |
| Codification | |
| Titles amended | 50 U.S.C.: War and National Defense |
| U.S.C. sections created | 50 U.S.C. Chapter 55 |
| Legislative history | |
| |
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.