S.Amdt. 2694

SA 2694. Mr. THUNE submitted an amendment intended to be proposed by
him to the bill S. 4638, to authorize appropriations for fiscal year
2025 for military activities of the Department of Defense, for military
construction, and for defense activities of the Department of Energy,
to prescribe military personnel strengths for such fiscal year, and for
other purposes; which was ordered to lie on the table; as follows:

At the end of subtitle E of title I, add the following:

SEC. 144. EXEMPTION FROM FEDERAL REGULATIONS.

Title VII of the Defense Production Act of 1950 (50 U.S.C.
4551 et seq.) is amended by adding at the end the following
new section:

``SEC. 724. EXEMPTION FROM FEDERAL REGULATION.

``(a) In General.--Any regulation for any good, material,
service, contract, or other national priority subject to an
active invocation by the President of authorities under this
Act shall be waived if the Director of the Office of
Management and Budget or the Comptroller General of the
United States determines, or any regulatory impact statement
for the regulation states, that compliance with such
regulation would, with respect to such good, material,
service, contract, or other national priority--
``(1) increase the cost;
``(2) delay the delivery;
``(3) hamper the supply chain; or
``(4) otherwise undermine the national defense interest for
which the President invoked such authorities.
``(b) Expiration of Waiver.--Any waiver issued under
subsection (a) with respect to a good, material, service,
contract, or other national priority shall terminate one year
after the date of the termination of--
``(1) the invocation by the President of authorities under
this Act with respect to such good, material, service,
contract, or other national priority; or
``(2) any waiver issued by the President under section
301(d)(1)(B), 302(d)(2), or 303(a)(7) with respect to such
good, material, service, contract, or other national
priority.
``(c) Limitations.--A waiver issued under subsection (a)
shall apply only to regulations proposed after the date on
which the President issues a waiver under section
301(d)(1)(B), 302(d)(2), or 303(a)(7) with respect to the
relevant good, material, service, contract, or other national
priority.''.
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