HOUSE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS HENRY B. GONZALEZ, Texas, Chairman FRANK ANNUNZIO, Illinois CHALMERS P. WYLIE, Ohio WALTER E. FAUNTROY, District of JIM LEACH, Iowa Columbia NORMAN D. SHUMWAY, California STEPHEN L. NEAL, North Carolina STAN PARRIS, Virginia CARROLL HUBBARD, JR., Kentucky BILL McCOLLUM, Florida JOHN J. LAFALCE, New York MARGE ROUKEMA, New Jersey MARY ROSE OAKAR, Ohio DOUG BEREUTER, Nebraska BRUCE F. VENTO, Minnesota DAVID DREIER, California DOUG BARNARD, JR., Georgia JOHN HILER, Indiana ROBERT GARCIA, New York THOMAS J. RIDGE, Pennsylvania CHARLES E. SCHUMER, New York STEVE BARTLETT, Texas BARNEY FRANK, Massachusetts TOBY ROTH, Wisconsin RICHARD H. LEHMAN, California ALFRED A. (Al) MCCANDLESS, California BRUCE A. MORRISON, Connecticut JIM SAXTON, New Jersey MARCY KAPTUR, Ohio PATRICIA F. SAIKI, Hawaii BEN ERDREICH, Alabama JIM BUNNING, Kentucky THOMAS R. CARPER, Delaware RICHARD H. BAKER, Louisiana ESTEBAN EDWARD TORRES, California CLIFF STEARNS, Florida GERALD D. KLECZKA, Wisconsin PAUL E. GILLMOR, Ohio BILL PAXON, New York SUBCOMMITTEE ON ECONOMIC STABILIZATION MARY ROSE OAKAR, Ohio, Chair JOHN J. LAFALCE, New York NORMAN D. SHUMWAY, California BRUCE F. VENTO, Minnesota TOBY ROTH, Wisconsin MARCY KAPTUR, Ohio PATRICIA F. SAIKI, Hawaii PAUL E. KANJORSKI, Pennsylvania MARGE ROUKEMA, New Jersey ROBERT GARCIA, New York PAUL E. GILLMOR, Ohio ELIZABETH J. PATTERSON, South Carolina BILL PAXON, New York RICHARD E. NEAL, Massachusetts CONTENTS Harrigan, Anthony H., president, U.S. Business and Industrial Council. Norment, Richard B., executive director, American Gear Manufacturers Asso- Prepared statements: Harrigan, Anthony H. 129 231 ADDITIONAL MATERIAL SUBMITTED FOR THE RECORD June 12, 1989, to Chairwoman Oakar from William W. Winpisinger Letter dated June 7, 1989, to Chairwoman Oakar from Owen Bieber........... Letter dated May 25, 1989, to Chairwoman Oakar from Dick Warden ........ "The Defense Production Act of 1950", Federal Emergency Management Agency, Office of Mobilization Preparedness, Washington, DC.. 263 30 THURSDAY, MAY 18, 1989 ter, PA...... Fort Washington, MD. Moorer, Admiral Thomas H., USN (retired), former chairman, Joint Chiefs of 33 APPENDIX Prepared statements: Bernhardt, Kenneth R .... 270 DEFENSE PRODUCTION ACT AMENDMENTS OF 1989 (H.R. 486) HEARINGS BEFORE THE SUBCOMMITTEE ON OF THE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS ONE HUNDRED FIRST CONGRESS FIRST SESSION MAY 17, 18, 24, AND JUNE 20, 1989 Printed for the use of the Committee on Banking, Finance and Urban Affairs Serial No. 101-27 U.S. GOVERNMENT PRINTING OFFICE 98-235 5 WASHINGTON : 1989 For sale by the Superintendent of Documents, Congressional Sales Office HOUSE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS HENRY B. GONZALEZ, Texas, Chairman FRANK ANNUNZIO, Illinois CHALMERS P. WYLIE, Ohio WALTER E. FAUNTROY, District of JIM LEACH, Iowa Columbia NORMAN D. SHUMWAY, California STEPHEN L. NEAL, North Carolina STAN PARRIS, Virginia CARROLL HUBBARD, JR., Kentucky BILL MCCOLLUM, Florida JOHN J. LAFALCE, New York MARGE ROUKEMA, New Jersey MARY ROSE OAKAR, Ohio DOUG BEREUTER, Nebraska BRUCE F. VENTO, Minnesota DAVID DREIER, California DOUG BARNARD, JR., Georgia JOHN HILER, Indiana ROBERT GARCIA, New York THOMAS J. RIDGE, Pennsylvania CHARLES E. SCHUMER, New York STEVE BARTLETT, Texas BARNEY FRANK, Massachusetts TOBY ROTH, Wisconsin RICHARD H. LEHMAN, California ALFRED A. (Al) McCANDLESS, California BRUCE A. MORRISON, Connecticut JIM SAXTON, New Jersey MARCY KAPTUR, Ohio PATRICIA F. SAIKI, Hawaii BEN ERDREICH, Alabama JIM BUNNING, Kentucky THOMAS R. CARPER, Delaware RICHARD H. BAKER, Louisiana ESTEBAN EDWARD TORRES, California CLIFF STEARNS, Florida GERALD D. KLECZKA, Wisconsin PAUL E. GILLMOR, Ohio BILL PAXON, New York SUBCOMMITTEE ON ECONOMIC STABILIZATION MARY ROSE OAKAR, Ohio, Chair JOHN J. LAFALCE, New York NORMAN D. SHUMWAY, California BRUCE F. VENTO, Minnesota TOBY ROTH, Wisconsin MARCY KAPTUR, Ohio PATRICIA F. SAIKI, Hawaii PAUL E. KANJORSKI, Pennsylvania MARGE ROUKEMA, New Jersey ROBERT GARCIA, New York PAUL E. GILLMOR, Ohio ELIZABETH J. PATTERSON, South Carolina BILL PAXON, New York RICHARD E. NEAL, Massachusetts |