§ 4534. Defense Production Act Fund
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/usc/title-50/section-4534A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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 Fund There 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.
(c)Use of Fund 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 Fund Moneys in the Fund shall remain available until expended.
(e)Fund balance The 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 manager The 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.
(g)Liabilities against Fund 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.
Connections58 cite this · traces to 7
Cited by 58 sections · top 53
U.S. Code
statute-compilations
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- Sec. 2Expedited procurement of equipment needed to combat COVID–19
- Sec. 2Maintaining adequate supplies in Strategic National Stockpile
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- Sec. 4Funding
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- Sec. 3Annual comptroller general report
- Sec. 110101COVID–19 Emergency Medical Supplies Enhancement
- Sec. 110101COVID–19 Emergency Medical Supplies Enhancement
- Sec. 110101COVID–19 Emergency Medical Supplies Enhancement
- Sec. 6Enhancements to the Defense Production Act of 1950
- Sec. 8GAO report
- Sec. 2Emergency production of supplies to address COVID–19 pandemic
- Sec. 2Emergency production of the supplies necessary for equitably distributing and administering the COVID–19 vaccine
- Sec. 2Emergency production of medical equipment to address COVID-19 outbreak
- Sec. 1Expedited procurement of equipment needed to combat COVID-19
- Sec. 2Emergency production of medical equipment and supplies to address COVID–19
- Sec. 3Annual Comptroller General report
- Sec. 4Funding
- Sec. 4Use of Defense Production Act Fund for pandemic preparedness and response
- Sec. 152COVID–19 critical medical supply chain transparency
- Sec. 4001COVID–19 emergency medical supplies enhancement
- Sec. 4001COVID–19 emergency medical supplies enhancement
- Sec. 4001COVID–19 emergency medical supplies enhancement
- Sec. 6COVID–19 emergency medical supplies enhancement
- Sec. 2COVID–19 emergency medical supplies enhancement
- Sec. 3Navy shipyard infrastructure improvement
- Sec. 7Report on activities involving small business
- Sec. 7Report on activities involving small business
- Sec. 7Report on activities involving small business
- Sec. 6306Enhancements to the Defense Production Act of 1950
- Sec. 6308GAO report
- Sec. 6306Enhancements to the Defense Production Act of 1950
- Sec. 6308GAO report
- Sec. 3Navy shipyard infrastructure improvement
- Sec. 4Use of Defense Production Act Fund for pandemic preparedness and response
- Sec. 61007Report on activities involving small business
- Sec. 61007Report on activities involving small business
- Sec. 7Support for domestic rare earth element and covered critical mineral producers and processors
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- Sec. 3Report on activities involving small business
- Sec. 2National Defense Executive Reserve
- Sec. 880BModifications to Defense Industrial Base Fund
- Sec. 867Modifications to defense industrial base fund
- Sec. 867Modifications to defense industrial base fund
- Sec. 849AModifications to Defense Industrial Base Fund
- Sec. 849AModifications to Defense Industrial Base Fund
- Sec. 7Use of authorities under Defense Production Act of 1950
- Sec. 7Use of authorities under Defense Production Act of 1950
Traces to 7 documents
U.S. Code
public-private-law
22 references not yet in our index
- Sept. 8, 1950, ch. 932
- Pub. L. 111–67, § 7
- 123 Stat. 2017
- act Sept. 8, 1950, ch. 932
- 64 Stat. 798
- act Sept. 8, 1950, ch. 932, title III
- 64 Stat. 802
- June 2, 1951, ch. 121
- 65 Stat. 61
- July 31, 1951, ch. 275
- 65 Stat. 134
- Pub. L. 86–560, § 2
- 74 Stat. 282
- Pub. L. 88–343, § 3
- 78 Stat. 235
- Pub. L. 93–426, § 2
- 88 Stat. 1166
- Pub. L. 102–558, title I, § 122
- 106 Stat. 4206
- Pub. L. 107–47, § 4(4)
- 115 Stat. 260
- Pub. L. 111–67
Citation graph
cites case law
§ 4534
Defense Production Act Fund
Bills×56
Stat. Comp.×1
U.S.C.×1
ActSept. 8, 1950, ch. 932
Pub. L.Pub. L. 111–67, § 7
Stat.123 Stat. 2017
Actact Sept. 8, 1950, ch. 932
Stat.64 Stat. 798
Cites 29 · showing 12Cited by 58 across 3 sources