Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 6894) to extend and reauthorize the Defense Production Act of 1950, and for other purposes. Mr. Speaker, I ask unanimous consent that…
Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 6894) to extend and reauthorize the Defense Production Act of 1950, and for other purposes.
Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days within which to revise and extend their remarks on this legislation and to insert extraneous material thereon.
Mr. Speaker, I yield myself 5 minutes.
I rise in strong support of H.R. 6894, the Defense Production Act Extension and Reauthorization of 2008, and urge my colleagues to support the bill's passage.
This legislation reauthorizes the Defense Production Act of 1950, which expires at the end of fiscal year 2008, through September 30 of 2009.
Although the act is due for a comprehensive review, we did not have adequate time to conduct hearings and a markup in this Congress. Therefore, we are seeking this straight, 1-year extension that makes no substantive changes to the act.
Mr. Speaker, the Defense Production Act, or DPA, is a little known bill of great national significance. Put simply, the DPA gives the President a vital set of tools to ensure the constant readiness of those portions of our industrial base that support national security. These tools include production priorities and financial incentives, but they also extend to monitoring the increasing effects of globalization on the defense base.
Since it was enacted in 1950 during the Korean war, every administration since President Truman's has used the act carefully and prudently.
In addition to its national defense uses, the DPA holds the promise of helping to mitigate civil emergencies
during peacetime. For example, during the California energy crisis, former President Clinton authorized the U.S. Energy Secretary to use the act to compel a continuing supply of natural gas to Pacific Gas & Electric.
Mr. Speaker, the United States is currently fighting wars on two fronts--rebuilding from the damages caused by Hurricane Ike and, regrettably, still rebuilding from Hurricane Katrina. The DPA is a key component of our national security and civil emergency readiness, and we cannot let the act lapse.
I know that some of my colleagues have questions about how the act has been used, if at all, by the current administration during civil emergencies. I share these concerns, but I believe these oversight issues would be best addressed in the next Congress.
Next year, the Financial Services Committee will conduct a comprehensive review of the DPA, specifically looking at proposals to increase the amounts authorized in title III of the act. The 1-year extension will give the committee time to do its work in a thoughtful, bipartisan manner, and I urge the bill's passage.
I reserve the balance of my time.
I would ask the gentlelady if there are any requests for time on her side.
Mr. Speaker, I have no further requests for time.
I yield back the balance of my time.