A bill to amend the Renegotiation Act of 1951 to provide that such act shall only be in effect when the President, during a period of national emergency, determines that having the provisions of such act in effect would be in the best interest of the country.

[AI summary unavailable — showing source text] Permits the provisions of the Renegotiation Act of 1951 to be effective only when the President determines, during a period of national emergency, that having such provisions in effect is in the best interest of the United States and neither House of Congress passes a resolution within 60 days thereafter disagreeing with such determination.…