MEMORANDUM FOR THE SECRETARY OF DEFENSE
SUBJECT: Presidential Determination Pursuant to
Section 303 of the Defense Production Act
of 1950, as amended
By the authority vested in me as President by the Constitution and the laws of the United States of America, including section 303 of the Defense Production Act of 1950, as amended (the “Act”) (50 U.S.C. 4533), I hereby determine, pursuant to section 303(a)(5) of the Act, that the domestic production capability for Samarium Cobalt Rare Earth Permanent Magnets is essential to the national defense.
Without Presidential action under section 303 of the Act, United States industry cannot reasonably be expected to provide the production capability for Samarium Cobalt Rare Earth Permanent Magnets adequately and in a timely manner. Further, purchases, purchase commitments, or other action pursuant to section 303 of the Act are the most cost-effective, expedient, and practical alternative method for meeting the need for this critical capability.
You are authorized and directed to publish this memorandum in the Federal Register.
DONALD J. TRUMP