Defense Production Act Voluntary Agreement

September 16, 2021 by eklose

A separate commitment from participants by invitation and consent to participate in an action plan. The conclusion of the Action Plan Agreement confers on the Participant responsibilities that are consistent with the responsibilities set out in the Action Plan and provides the Participants with anti-dominant position protection for measures taken pursuant to this Action Plan, as set out in Section IV below. In the face of shortages in the medical supply chain amid the coronavirus pandemic, FEMA said it developed the voluntary agreement, pursuant to Section 708 of the Defense Production Act of 1950, to create a “unity of effort” between the federal government and the private sector to maximize the efficiency of producing and distributing critical health resources. 6. The Department of Justice (DOJ) and the Chairman of the FTC will monitor the activities of the Committee and Subcommittees to ensure that they perform their duties in a manner consistent with this Agreement and with the least possible anti-competitive effects. The voluntary contractual clause of the Korean War Law allows private companies to enter into pacts with the government on mutually acceptable terms and to obtain immunity from liability for cartels and abuse of dominant positions. The agreements will enter into force as soon as they are signed by invited participants, who may withdraw “at any time subject to the execution of commitments,” FEMA said. The meeting is chaired by the FEMA administrator or his delegate and will be attended by the Attorney General or his delegate, as well as by the chairman of the Federal Trade Commission or his delegate. In implementing this Agreement, feMA will comply with all procedural requirements of 50 U.S.C 4558 and 44 CFR Part 332. After the agreement enters into force, FEMA intends to invite organizations that provide essential medical and health resources to respond to a pandemic to participate in the agreement, including personal protective equipment (PPE), drugs, ventilators, vaccines, raw materials, consumables, and medical devices. Participants acknowledge and agree to comply with all provisions of Section 708 of the DPA, as amended, and related rules, adopted by FEMA, the Department of Homeland Security, HHS, the Attorney General, and the FTC. . .

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