[Congressional Record Volume 170, Number 115 (Thursday, July 11, 2024)]
[Senate]
[Page S4997]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2694. Mr. THUNE submitted an amendment intended to be proposed by 
him to the bill S. 4638, to authorize appropriations for fiscal year 
2025 for military activities of the Department of Defense, for military 
construction, and for defense activities of the Department of Energy, 
to prescribe military personnel strengths for such fiscal year, and for 
other purposes; which was ordered to lie on the table; as follows:

       At the end of subtitle E of title I, add the following:

     SEC. 144. EXEMPTION FROM FEDERAL REGULATIONS.

       Title VII of the Defense Production Act of 1950 (50 U.S.C. 
     4551 et seq.) is amended by adding at the end the following 
     new section:

     ``SEC. 724. EXEMPTION FROM FEDERAL REGULATION.

       ``(a) In General.--Any regulation for any good, material, 
     service, contract, or other national priority subject to an 
     active invocation by the President of authorities under this 
     Act shall be waived if the Director of the Office of 
     Management and Budget or the Comptroller General of the 
     United States determines, or any regulatory impact statement 
     for the regulation states, that compliance with such 
     regulation would, with respect to such good, material, 
     service, contract, or other national priority--
       ``(1) increase the cost;
       ``(2) delay the delivery;
       ``(3) hamper the supply chain; or
       ``(4) otherwise undermine the national defense interest for 
     which the President invoked such authorities.
       ``(b) Expiration of Waiver.--Any waiver issued under 
     subsection (a) with respect to a good, material, service, 
     contract, or other national priority shall terminate one year 
     after the date of the termination of--
       ``(1) the invocation by the President of authorities under 
     this Act with respect to such good, material, service, 
     contract, or other national priority; or
       ``(2) any waiver issued by the President under section 
     301(d)(1)(B), 302(d)(2), or 303(a)(7) with respect to such 
     good, material, service, contract, or other national 
     priority.
       ``(c) Limitations.--A waiver issued under subsection (a) 
     shall apply only to regulations proposed after the date on 
     which the President issues a waiver under section 
     301(d)(1)(B), 302(d)(2), or 303(a)(7) with respect to the 
     relevant good, material, service, contract, or other national 
     priority.''.
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