Executive Order 10662—Amendment of Executive Order No. 10480 and Revocation of Executive Order No. 10160, Relating to the Administration of the Defense Production Act of 1950

By virtue of the authority vested in me by the Defense Production Act of 1950, as amended (50 U.S.C. App. 2061 et seq.), and as President of the United States, it is ordered as follows:

SECTION 1. Executive Order No. 10480 of August 14, 1953 (18 F. R. 4939), as amended, is hereby further amended:

(a) By amending section 304 thereof to read as follows:

"SEC. 304. The Director of the Office of Defense Mobilization is hereby authorized and directed to encourage the exploration, development, and mining of critical and strategic minerals and metals, and to make provision for the development of substitutes for strategic and critical materials, as authorized by and subject to the provisions of section 303 of the Defense Production Act of 1950, as amended."

(b) By amending section 602 (c) thereof to read as follows:

"(c) There are excluded from the functions delegated by section 602 (a) of this order (1) the functions delegated by Part V of this Order, (2) the functions of the President with respect to regulations under section 710 (b), (c), (d) and (e) of the Defense Production Act of 1950, as amended, and (3) the functions of the President with respect to fixing compensation under section 703 (a) of the said Act."

(c) By deleting section 602 (d) thereof.

SEC. 2. Executive Order No. 10160 of September 9, 1950 (15 F. R. 6103), is hereby revoked.

DWIGHT D. EISENHOWER

THE WHITE HOUSE,

March 13, 1956.