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Code · BILL · 117th Congress · H.R. 4521 (EAS) — 112 HR 4521 EAS: United States Innovation and Competition Act of 2021 · Sec. 5304

Sec. 5304. Report on domestic shortfalls of industrial resources, materials, and critical technology items essential to the national defense

187 words·~1 min read·/bill/117/hr/4521/eas/section-5304

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Not later than 180 days after the date of the enactment of this Act, the President shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report that— identifies current or projected domestic shortfalls of industrial resources, materials, or critical technology items essential to the national defense; assesses strategic and critical materials for which the United States relies on the People's Republic of China as the sole or primary source; and includes recommendations relating to the use of authorities under the Defense Production Act of 1950 ( 50 U.S.C. 4501 et seq. ) to make investments to reduce the reliance of the United States on the People's Republic of China for strategic and critical materials.
The report required by subsection
(a)shall be submitted in unclassified form but may include a classified annex. In this section, the terms industrial resources , materials , critical technology item , and national defense have the meanings given those terms in section 702 of the Defense Production Act of 1950 ( 50 U.S.C. 4552 ).
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Sec. 5304
Report on domestic shortfalls of industrial resources, materials, and critical technology items essential to the national defense
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