I will say that we intend to take only a very few minutes on this bill. This bill, as amended, is simply a 1- year extension of the Defense Production Act. I am not sure that any other explanation other than that is needed. I think all Members of this House know what that act is. We normally extend it for 3 years, but the reason we are doing it for 1 year is that Chairman Gramm in the Senate wishes to take up reform of the legislation and has not had an opportunity to do that. It is a very worthy effort on his part. The House, as soon as we pass this 1-year extension, we expect the Senate to do the same. Mr. Speaker, I reserve the balance of my time.
Editor's note · Context
Discussing the 1-year extension of the Defense Production Act.
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