H.R. 4695 (102nd): National Defense Stockpile Modernization Act of 1992

Introduced:
Mar 30, 1992 (102nd Congress, 1991–1992)
Sponsor:
Rep. Charles Bennett [D-FL3]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on March 30, 1992, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 30, 1992
Cosponsors
3 cosponsors (2R, 1D) (show)
Committees

House Armed Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

To require the President to dispose of materials in the National Defense Stockpile that are obsolete for military purposes or in excess supply in the stockpile and to acquire strategic and critical materials that are in inadequate supply in the stockpile.

Summary

No summaries available.

Text

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Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

3/30/1992--Introduced.
National Defense Stockpile Modernization Act of 1992 - Directs the President to dispose of specified excess or obsolete materials in the National Defense Stockpile (NDS), in specified amounts. Limits the disposal of silver to coin only. Repeals all previous disposal authority of the President or the NDS Stockpile Manager. Directs the President to acquire additional quantities of strategic and critical materials for the NDS determined to be in deficient supply. Requires the disposals and acquisitions mandated under this Act to be completed by the end of FY 2002 and accomplished in compliance with requirements of the Strategic and Critical Materials Stock Piling Act. Authorizes the President to use barter arrangements to achieve such disposals and acquisitions. Outlines provisions for: (1) annual quantity rates for acquisitions and disposals; (2) deposits of proceeds from sales of disposed materials into the National Defense Stockpile Transaction Fund; and (3) use of such proceeds for materials acquisitions. Directs the President to report to the Congress on the manner in which the President will implement and carry out the disposals and acquisitions required under this Act. Amends the Strategic and Critical Materials Stock Piling Act to repeal a requirement prohibiting a stockpile disposal that would result in an unobligated balance in the Fund in excess of $100,000,000.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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