Government Contracts Executive Order Delegates Defense Production Act Loan Authority
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Tuesday, June 23, 2020

Executive Order Delegates Defense Production Act Loan Authority

By Government Contracts Editorial Staff

Executive Order 13922, Delegating Authority Under the Defense Production Act to the Chief Executive Officer of the United States International Development Finance Corporation To Respond to the COVID-19 Outbreak, seeks to ensure the U.S. has the capacity, capability, and strong and resilient domestic industrial base necessary to respond to the COVID-19 outbreak. The order announces a policy to further expand domestic production of strategic resources needed to respond to the COVID-19 outbreak, including strengthening relevant supply chains. The order delegates to the Chief Executive Officer of the United States International Development Finance Corporation authority under Title III of the Defense Production Act of 1950, as amended (50 USC 4501, and following). The authority consists of the power to make loans, provide for purchases and commitments to purchase, and take additional actions to create, maintain, protect, expand, and restore the domestic industrial base capabilities, including supply chains within the U.S. and its territories, needed to respond to the COVID-19 outbreak. The DFC CEO may use this authority for the domestic production of strategic resources needed to respond to the outbreak, or to strengthen any relevant domestic supply chains. The loan authority delegated by the order is limited to loans that create, maintain, protect, expand, or restore domestic industrial base capabilities supporting the national response and recovery to the COVID-19 outbreak or the resiliency of any relevant domestic supply chains.

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