Trump Taps Defense Production Act to Address Grid Equipment, Energy Project Bottlenecks

via

Stocks - Investing and trading for all

President Donald Trump has invoked the Defense Production Act to speed deployment of what the White House considers some of the most constrained segments of U.S. energy infrastructure, such as grid equipment, pipelines and liquefied natural gas systems, considering them critical to national defense. Published April 23 in the Federal Register, the determinations authorize the U.S. Dept. of Energy to deploy tools under Section 303 of the statute, first enacted in 1950, to allow the president to ch