Modifications to Strategic and Critical Materials Stock Piling Act

(a) Modification of disposal authority (1) In general Section 5(b) of the Strategic and Critical Materials Stock Piling Act (50 U.S.C. 98d(b)) is amended— (A) by inserting (1) after (b); (B) by striking or (5) and inserting or (6); (C) by striking has been specifically authorized by law and inserting was included in the most recent annual materials plan submitted to the congressional defense committees (as defined in section 101(a) of title 10, United States Code) under section 11(b)(1)(G); and (D) by adding at the end the following new paragraph: (2) Not later than 15 days after making a disposal under paragraph (1), the National Defense Stockpile Manager shall notify the congressional defense committees of the disposal.. (2) Technical and conforming amendments Section 6(a) of such Act (50 U.S.C. 98e(a)) is amended— (A) in the matter preceding paragraph (1), by striking President and inserting National Defense Stockpile Manager; and (B) by amending paragraph (7) to read as follows: (7) dispose of materials in the stockpile in accordance with the most recent annual materials plan submitted to the congressional defense committees under section 11(b)(1)(G) and notify the congressional defense committees of such disposals as required by section 5(b)(2).. (b) Reduction of wait periods Sections 5(a)(2), 6(d)(1), and 6(d)(2) of such Act (50 U.S.C. 98d(a)(2), 98e(d)(1), 98e(d)(2)) are each amended by striking 45 days and inserting 30 days.