“ PRESIDENTIAL DETERMINATIONS REQUIRED.—Except during a period of national emergency declared by Congress or the President, a loan guarantee may be entered into under this section only if the President determines that— `` (A) the loan guarantee is for an activity that supports the production or supply of an industrial resource, critical technology item, or material that is essential for national defense purposes; `` (B) without a loan guarantee, credit is not available to the loan applicant under reasonable terms or conditions sufficient to finance the activity ”

“ Upon a determination by the President, on a nondelegable basis, that a specific voluntary agreement or plan of action is necessary to meet national defense requirements resulting from an event that degrades or destroys critical infrastructure— `` (A) an individual that has been delegated authority under paragraph (1) with respect to such agreement or plan shall not be required to consult with the Attorney General or the Federal Trade Commission under paragraph (2) (B) ”

“ Authorization of Appropriations.— Section 711 of the Defense Production Act of 1950 (50 U.S.C. App. 2161) is amended— (1) in subsection (a) — (A) in the first sentence, by striking “ (including” and all that follows through “) by” and inserting “by”; and (B) by striking :`` (a) Authorization.—Except as provided in subsection (b) , there” and inserting “There”; and (2) by striking subsection (b) . Sec. 3. Declaration of Policy. (a) Findings.— Section 2 of the Defense Production Act of 1950 (50 U.S.C. App. 2062) is amended to read as follows ”

“ Use of Fund.—The Fund shall be available to carry out the provisions and purposes of this title, subject to the limitations set forth in this Act and in appropriations Acts. `` (d) Duration of Fund.—Moneys in the Fund shall remain available until expended. `` (e) Fund Balance.—The Fund balance at the close of each fiscal year shall not exceed $750,000,000, excluding any moneys appropriated to the Fund during that fiscal year or obligated funds. ”