Browse Arkansas Code titles and sections
50 U.S.C. § 4551 — Small business
Federal law — U.S. Code and appendices · legal_authorities
Page 1122
TITLE 50—WAR AND NATIONAL DEFENSE
§ 4551
SUBCHAPTER III—GENERAL PROVISIONS
Editorial Notes
CODIFICATION
Subchapter is comprised of the portions of title VII of
act Sept. 8, 1950, ch. 932, as amended, that had not pre-
viously been repealed when title VII was editorially re-
classified as this subchapter.
§ 4551. Small business
(a) Participation
Small business concerns shall be given the
maximum practicable opportunity to partici-
pate as contractors, and subcontractors at var-
ious tiers, in all programs to maintain and
strengthen the Nation’s industrial base and
technology base undertaken pursuant to this
chapter.
(b) Administration of chapter
In administering the programs, implementing
regulations, policies, and procedures under this
chapter, requests, applications, or appeals from
small business concerns shall, to the maximum
extent practicable, be expeditiously handled.
(c) Advisory committee participation
Representatives of small business concerns
shall be afforded the maximum opportunity to
participate in such advisory committees as may
be established pursuant to this chapter.
(d) Information
Information about this chapter and activities
undertaken in accordance with this chapter
shall be made available to small business con-
cerns.
(e) Allocations under section 4511
Whenever the President makes a determina-
tion to exercise any authority to allocate any
material pursuant to section 4511 of this title,
small business concerns shall be accorded, to the
extent practicable, a fair share of such material,
in proportion to the share received by such busi-
ness concerns under normal conditions, giving
such special consideration as may be possible to
emerging small business concerns.
(Sept. 8, 1950, ch. 932, title VII, § 701, 64
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Page 1122
TITLE 50—WAR AND NATIONAL DEFENSE
§ 4551
SUBCHAPTER III—GENERAL PROVISIONS
Editorial Notes
CODIFICATION
Subchapter is comprised of the portions of title VII of
act Sept. 8, 1950, ch. 932, as amended, that had not pre-
viously been repealed when title VII was editorially re-
classified as this subchapter.
§ 4551. Small business
(a) Participation
Small business concerns shall be given the
maximum practicable opportunity to partici-
pate as contractors, and subcontractors at var-
ious tiers, in all programs to maintain and
strengthen the Nation’s industrial base and
technology base undertaken pursuant to this
chapter.
(b) Administration of chapter
In administering the programs, implementing
regulations, policies, and procedures under this
chapter, requests, applications, or appeals from
small business concerns shall, to the maximum
extent practicable, be expeditiously handled.
(c) Advisory committee participation
Representatives of small business concerns
shall be afforded the maximum opportunity to
participate in such advisory committees as may
be established pursuant to this chapter.
(d) Information
Information about this chapter and activities
undertaken in accordance with this chapter
shall be made available to small business con-
cerns.
(e) Allocations under section 4511
Whenever the President makes a determina-
tion to exercise any authority to allocate any
material pursuant to section 4511 of this title,
small business concerns shall be accorded, to the
extent practicable, a fair share of such material,
in proportion to the share received by such busi-
ness concerns under normal conditions, giving
such special consideration as may be possible to
emerging small business concerns.
(Sept. 8, 1950, ch. 932, title VII, § 701, 64 Stat. 815;
July 31, 1951, ch. 275, title I, § 108, 65 Stat. 138;
June 30, 1953, ch. 171, § 7, 67 Stat. 130; Aug. 9, 1955,
ch. 655, §§ 4, 5, 69 Stat. 580; Pub. L. 96–294, title I,
§ 105(c), June 30, 1980, 94 Stat. 633; Pub. L. 102–558,
title I, § 131, Oct. 28, 1992, 106 Stat. 4209.)
TERMINATION OF SECTION
For termination of section, see section 4564(a)
of this title.
Editorial Notes
REFERENCES IN TEXT
This chapter, referred to in text, was in the original
‘‘this Act’’, meaning act Sept. 8, 1950, ch. 932, 64 Stat.
798, known as the Defense Production Act of 1950, which
is classified principally to this chapter. For complete
classification of this Act to the Code, see section 4501
of this title and Tables.
CODIFICATION
Section was formerly classified to section 2151 of the
former Appendix to this title prior to editorial reclassi-
fication and renumbering as this section.
AMENDMENTS
1992—Pub. L. 102–558 amended section generally, sub-
stituting present provisions for provisions stating pol-
icy to encourage small business enterprises and pro-
viding for measures to carry out this policy, for alloca-
tion of materials in the civilian market, and for dis-
tribution of defense contracts.
1980—Subsec. (d). Pub. L. 96–294 substituted ‘‘June 30,
1980’’ for ‘‘August 9, 1955’’.
1955—Subsec. (c). Act Aug. 9, 1955, § 4, struck out spe-
cific dates which were the basis for determination of
materials in civilian market and inserted provisions re-
quiring that a business receive its fair share based on
a representative period before imposition of the alloca-
tion.
Subsec. (d). Act Aug. 9, 1955, § 5, added subsec. (d).
1953—Subsec. (c). Act June 30, 1953, amended subsec.
(c) generally, the principal change being to provide, in
the allocation to business of a fair share of available ci-
vilian supply, a new base period for allocating mate-
rials not under control on July 1, 1953.
1951—Subsec. (c). Act July 31, 1951, provided that lim-
itations and restrictions on production of specific
items shall not exclude new concerns.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 1992 AMENDMENT
Amendment by Pub. L. 102–558 deemed to have be-
come effective Mar. 1, 1992, see section 304 of Pub. L.
102–558, set out as a note under section 4502 of this title.
EFFECTIVE DATE OF 1980 AMENDMENT
Amendment by Pub. L. 96–294 effective June 30, 1980,
see section 107 of Pub. L. 96–294, set out as a note under
section 4502 of this title.
EFFECTIVE DATE OF 1955 AMENDMENT
Amendment by act Aug. 9, 1955, effective as of close
of July 31, 1955, see section 11 of act Aug. 9, 1955, set out
as a note under section 4502 of this title.
Executive Documents
DELEGATION OF FUNCTIONS
Authority of President to implement this chapter
under this subchapter with respect to responding to the
spread of COVID–19 within the United States delegated
to Secretary of Health and Human Services and the
Secretary of Homeland Security, see section 2(a) of Ex.
Ord. No. 13911, Mar. 27, 2020, 85 F.R. 18403, set out as a
note under section 4511 of this title.
Authority of President to implement this chapter
under this subchapter with respect to hoarding of
health and medical resources necessary to respond to
the spread of COVID–19 within the United States dele-
gated to Secretary of Health and Human Services, see
section 2(a)(ii) of Ex. Ord. 13910, Mar. 23, 2020, 85 F.R.
17001, set out as a note under section 4512 of this title.
Functions of President under this chapter relating to
production, conservation, use, control, distribution,
and allocation of energy, delegated to Secretary of En-
ergy, see section 4 of Ex. Ord. No. 11790, June 25, 1974,
39 F.R. 23185, set out as a note under section 761 of Title
15, Commerce and Trade.
For delegation of certain authority of President
under this subchapter, see section 802 of Ex. Ord. No.
13603, Mar. 16, 2012, 77 F.R. 16659, set out as a note under
section 4553 of this title.
§ 4552. Definitions
For purposes of this chapter, the following
definitions shall apply:
(1) Critical component
The term ‘‘critical component’’ includes
such components, subsystems, systems, and
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Federal law — U.S. Code and appendices · legal_authorities
**(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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4561&num=0&edition=prelim); and
(2) all moneys received by the Fund on transactions entered into pursuant to [section 4533 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4533&num=0&edition=prelim).
**(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 Dec
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