An Act To reauthorize the Defense Production Act, to improve the Defense Production Act Committee, and for other purposes.   Be it enacted by the Senate and House of Representa­tives of the United States of America in Congress assembled,

SECTION 1. REAUTHORIZATION.  Section 717(a) of the Defense Production Act of 1950 (50 U.S.C. App. 2166(a)) is amended—(1) by striking “2014” and inserting “2019”; and(2) by striking “on or after the date of enactment of the Defense Production Act Reauthorization of 2009”.

SEC. 2. DEFENSE PRODUCTION ACT COMMITTEE IMPROVEMENTS.  Section 722 of the Defense Production Act of 1950 (50 U.S.C. App. 2171) is amended—(1) in subsection (a)—(A) by striking “advise the President” and inserting “coordinate and plan for”; and(B) by striking “the authority” and inserting “the priorities and allocations authorities”;(2) in subsection (b), by amending paragraph (2) to read as follows:“(2) The Chairperson of the Committee shall be the head of the agency to which the President has delegated primary responsibility for government-wide coordination of the authorities in this Act.”;(3) by amending subsection (c) to read as follows:“(c) Coordination of Committee Activities.—The Chairperson shall appoint one person to coordinate all of the activities of the Committee, and such person shall—“(1) be a full-time employee of the Federal Government;“(2) report to the Chairperson; and“(3) carry out such activities relating to the Committee as the Chairperson may determine appropriate.”; and(4) in subsection (d)—(A) by striking “Not later than” and all that follows through “Committee shall submit” and inserting the following: “The Committee shall issue a report each year by March 31”;(B) by striking “each member of the Committee” and inserting “the Chairperson”;(C) in paragraph (1)—(i) by striking “a review of the authority under this Act of” and inserting “a description of the contingency planning by”; and(ii) by inserting before the semicolon the following: “for events that might require the use of the priorities and allocations authorities”;(D) in paragraph (2), by striking “authority described in paragraph (1)” and inserting “priorities and allocations authorities in this Act”;(E) by amending paragraph (3) to read as follows:“(3) recommendations for legislation actions, as appropriate, to support the effective use of the priorities and allocations authorities in this Act;”;(F) in paragraph (4), by striking “all aspects of” and all that follows through the end of the paragraph and inserting “the use of the priorities and allocations authorities in this Act;”; and(G) by adding at the end the following:“(5) up-to-date copies of the rules described under section 101(d)(1); and“(6) short attestations signed by each member of the Committee stating their concurrence in the report.”.

SEC. 3. UPDATED RULEMAKING.  Section 101(d)(1) of the Defense Production Act of 1950 (50 U.S.C. App. 2071(d)(1)) is amended by striking “not later than” and all that follows through “rules” and inserting the following: “issue, and annually review and update whenever appropriate, final rules”.

SEC. 4. PRESIDENTIAL DETERMINATION.(a) In General.—Section 303(a) of the Defense Production Act of 1950 (50 U.S.C. App. 2093(a)) is amended—(1) in paragraph (5)—(A) by striking “determines” and inserting the following: “, on a non-delegable basis, determines, with appropriate explanatory material and in writing,”;(B) in subparagraph (A), by striking “and” at the end;(C) in subparagraph (B), by striking the period and inserting “; and”; and(D) by adding at the end the following:“(C) purchases, purchase commitments, or other action pursuant to this section are the most cost effective, expedient, and practical alternative method for meeting the need.”; and(2) in paragraph (6), by adding at the end the following:“(C) Limitation.—If the taking of any action or actions under this section to correct an industrial resource shortfall would cause the aggregate outstanding amount of all such actions for such industrial resource shortfall to exceed $50,000,000, no such action or actions may be taken, unless such action or actions are authorized to exceed such amount by an Act of Congress.”.(b) Exception.—Section 303(a)(6)(C) of the Defense Production Act of 1950, as added by subsection (a)(2), shall not apply to a project undertaken pursuant to a determination made before the date of the enactment of this Act.

SEC. 5. AUTHORIZATION OF APPROPRIATIONS.  Section 711 of the Defense Production Act of 1950 (50 U.S.C. App. 2161) is amended—(1) by striking “are hereby authorized to be appropriated such sums as may be necessary and appropriate” and inserting “ is authorized to be appropriated $133,000,000 for fiscal year 2015 and each fiscal year thereafter”; and(2) by striking the second and third sentences.