Defense Production Act Amendments

[AI summary unavailable — showing source text] Defense Production Act Amendments - Provides that, upon finding that conditions exist which may pose a direct threat to the national defense or its preparedness programs, the President may consult with representatives of industry, business, financing, agriculture, labor, and other interests in order to provide for the making by such persons, with the approval of the President, of voluntary agreements to help provide for the defense of the United States through the development of preparedness programs and the expansion of productive capacity and supply beyond levels needed to meet essential civilian demand in the United States. Provides for the notice of and the right of interested persons to petition for repeal with respect to the promulgation of rules to implement such voluntary agreement. States that a voluntary agreement may not become effective unless and until: (1) the individual who is to administer the agreement approves it and certifies, in writing, that the agreement is necessary to carry out the purposes for which it was authorized and (2) the Attorney General (after consultation with the Chairman of the Federal Trade Commission) finds, in writing, that such purpose may n…