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<PRE>[DOCID: f:h2204enr.txt]
        H.R.2204

                       One Hundred Fourth Congress

                                 of the

                        United States of America


                          AT THE FIRST SESSION

         Begun and held at the City of Washington on Wednesday,
  the fourth day of January, one thousand nine hundred and ninety-five


                                 An Act


 
 To extend and reauthorize the Defense Production Act of 1950, and for 
                             other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Defense Production Act Amendments of 
1995''.

SEC. 2. EXTENSION OF PROGRAMS.

    Section 717(a) of the Defense Production Act of 1950 (50 U.S.C. 
App. 2166(a)) is amended in the first sentence by striking ``Title I 
(except section 104), title III, and title VII (except sections 708, 
714, 719, and 721) of this Act, and all authority conferred thereunder 
shall terminate at the close of September 30, 1995'' and inserting 
``Title I (except section 104), title III, and title VII (except 
sections 708 and 721), and all authority conferred thereunder, shall 
terminate at the close of September 30, 1998''.

SEC. 3. AUTHORIZING APPROPRIATIONS FOR TITLE III PROJECTS.

    Section 711 of the Defense Production Act of 1950 (50 U.S.C. App. 
2161) is amended--
        (1) in subsection (a), by striking ``(a) Authori zation.--'' 
    and all that follows through ``subsection (c),,'' and inserting 
    ``(a) Authorization.--Except as provided in subsection (b),''; and
        (2) by striking subsections (b), (c), and (d) and inserting 
    after subsection (a) the following new subsection:
    ``(b) Title III Authorization.--There are authorized to be 
appropriated for each of the fiscal years 1996, 1997, and 1998, such 
sums as may be necessary to carry out title III.''.

SEC. 4. REPORTS TO THE CONGRESS.

    (a) In General.--The President shall prepare and transmit to the 
Committee on Banking and Financial Services of the House of 
Representatives and the Committee on Banking, Housing, and Urban 
Affairs of the Senate an interim report and a final report on proposed 
legislative modernization of the authorities contained in the Defense 
Production Act of 1950.
    (b) Timing.--The President shall so transmit--
        (1) the interim report required by subsection (a), not later 
    than January 31, 1997; and
        (2) the final report required by subsection (a), not later than 
    September 30, 1997.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.

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