Defense Production Act Reauthorization of 2009

[AI summary unavailable — showing source text] Defense Production Act Reauthorization of 2009 - Amends the Defense Production Act of 1950 (the Act) to reauthorize through FY2014 specified provisions of the Act. Amends the Act to: (1) require standards and procedures by which contracts and orders priorities allocations are used to promote the national defense under both emergency and nonemergency conditions; (2) remove a limitation on the authority of the President to engage in the production of energy other than synthetic fuel; and (3) repeal the requirement that the President identify critical components and technology items for each item on the Critical Items List. Authorizes the President to: (1) allow a guaranteeing agency to guarantee private loans in support of production capabilities or supplies determined necessary to create, maintain, expedite, expand, protect, or restore production and deliveries or services essential to the national defense; (2) provide for loans to private businesses for activities which reduce current or projected shortfalls of industrial resources, critical technology items, or materials essential for the national defense; and (3) take certain actions to create, maintain, protect, expand, or resto…