Text of a Letter from the President to the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services

Office of the Press Secretary FOR IMMEDIATE RELEASE June 24, 2020 June 24, 2020   Dear Mr. Chairman:  (Dear Madam Chairwoman:) In accordance with section 303(a)(6)(A) of the Defense Production Act of 1950, as amended (the "Act") (50 U.S.C. 4533(a)(6)(A)), I transmit herewith notice of a shortfall in the defense industrial base relating to production capability for ultra-high and high temperature composites (U/HTC) for hypersonic, strategic missile, and space launch systems and of action to remedy that shortfall.  The Department of Defense will take actions to develop and purchase equipment and materials needed for creating, maintaining, protecting, and expanding production capability for ultra-high and high temperature composites for hypersonic, strategic missile, and space launch systems. I have also included my determination required pursuant to section 303(a)(5) of the Act.  These proposed initiatives are essential to the national defense. Sincerely,                             DONALD J. TRUMP