Collapse to view only § 4517. Strengthening domestic capability
- § 4511. Priority in contracts and orders
- § 4512. Hoarding of designated scarce materials
- § 4513. Penalties
- § 4514. Limitation on actions without congressional authorization
- § 4515. Presidential power to ration gasoline among classes of end-users unaffected
- § 4516. Designation of energy as a strategic and critical material
- § 4517. Strengthening domestic capability
- § 4518. Modernization of small business suppliers
In order to prevent hoarding, no person shall accumulate (1) in excess of the reasonable demands of business, personal, or home consumption, or (2) for the purpose of resale at prices in excess of prevailing market prices, materials which have been designated by the President as scarce materials or materials the supply of which would be threatened by such accumulation. The President shall order published in the Federal Register, and in such other manner as he may deem appropriate, every designation of materials the accumulation of which is unlawful and any withdrawal of such designation. In making such designations the President may prescribe such conditions with respect to the accumulation of materials in excess of the reasonable demands of business, personal, or home consumption as he deems necessary to carry out the objectives of this chapter. This section shall not be construed to limit the authority contained in sections 4511 and 4554 of this title.
Any person who willfully performs any act prohibited, or willfully fails to perform any act required, by the provisions of this subchapter or any rule, regulation, or order thereunder, shall, upon conviction, be fined not more than $10,000 or imprisoned for not more than one year, or both.
Nothing in this chapter shall be construed to authorize the President to institute, without the approval of the Congress, a program for the rationing of gasoline among classes of end-users.
For purposes of this chapter, “energy” shall be designated as a “strategic and critical material” after June 30, 1980: Provided, That no provision of this chapter shall, by virtue of such designation 1