Materials Information and Economic Forecasting Act

[AI summary unavailable — showing source text] Materials Information and Economic Forecasting Act - States that it is the purpose of this Act to establish the means to: (1) improve the regular collection, analysis, and dissemination of information on products, materials, and resources essential to industry and commerce, and market dislocation of such materials, and; (2) provide alternative policy options to the President and the Congress for administrative and legislative actions to alleviate shortages, environmental problems, and dislocations of such materials. Specifies that it shall be the responsibility of the President to establish a materials and resource information system to achieve the purposes of this Act. Requires the President, in carrying out the purposes of this Act, to give priority attention to: (1) industries which provide products, materials, resources, and services essential to the Nation's economy and industries which serve critical needs of the Nation's consumers, and (2) product, material, and resource shortages and other market dislocations expected in the long-term future. Directs the President to maintain within the system the capability: (1) to perform analyses and verification of resource and material…