A bill to preserve and stabilize the domestic gold mining industry and to increase the domestic production of gold to meet the needs of national defense.

Summary

States that the purpose of this Act is to aid and stabilize the gold mining industry of the United States by increasing the rate of gold production from currently operating mines, stimulating gold production through the reopening of mines, and encouraging exploration for new gold ore reserves in the United States, with the objective of establishing a strategic stockpile of gold to meet space and defense requirements. Authorizes the Office of Emergency Preparedness for a period of two years to acquire, set aside, and establish in specified quantities a strategic stockpile of newly mined domestic gold produced within the United States to provide for space and defense needs of the Nation and in the interest of national security.

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1 official file

• Introduced in House

  summary · EN · 15 January 1973

  Open at official source

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