(WASHINGTON) - The National Defense Stockpile Market Impact Committee, co-chaired by the Departments of Commerce and State, today published a Federal Register Notice (63 FR50865) seeking public comment on the market impact of the Department of Defense's (DOD) proposed sale of excess materials from the National Defense Stockpile.
The Committee is considering DOD's proposed revisions to current material disposals under the FY 1999 and 2000 Annual Materials Plans, (AMPs) which must be approved by Congress. The Committee will consider public comments on the potential market impact of the proposed sales (see attached) if received by October 23,1998.
Under the authority of the Strategic and Critical Materials Stock Piling Act, as amended, DOD maintains a stockpile to supply the military, industrial, and essential civilian needs of the United States for national defense. In selling and acquiring stockpile materials, DOD has a statutory obligation to refrain from causing undue market disruption, while at the same time protecting the U.S. Government against avoidable loss.
Included in the AMP listing of materials is the proposed maximum disposal quantity for each material that can be sold during a particular fiscal year. The quantity of each material that will actually be offered for sale will depend on the market for the material at the time as well as the quantity of material approved by Congress for disposal.
To obtain a copy of, or more information about, the Federal Register Notice, please contact Richard V. Meyers, Office of Strategic Industries and Economic Security, U.S. Department of Commerce, Tel. (202) 482-3634 or FAX (202) 482-5650; or Stephen H. Muller, Office of International Energy and Commodity Policy, U.S. Department of State, at 202)647-3423 or FAX (202) 647-8758; co-chairs of the National Defense Stockpile Market Impact Committee.
See the attached list of materials
In April of 2002 the Bureau of Export Administration (BXA) changed its name to the Bureau of Industry and Security(BIS). For historical purposes we have not changed the references to BXA in the legacy documents found in the Archived Press and Public Information.