50 USC § 4512 - Hoarding of designated scarce materials

---
identifier: "/us/usc/t50/s4512"
source: "usc"
legal_status: "official_prima_facie"
title: "50 USC § 4512 - Hoarding of designated scarce materials"
title_number: 50
title_name: "WAR AND NATIONAL DEFENSE"
section_number: "4512"
section_name: "Hoarding of designated scarce materials"
chapter_number: 55
chapter_name: "DEFENSE PRODUCTION"
subchapter_number: "I"
subchapter_name: "PRIORITIES AND ALLOCATIONS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-21"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Sept. 8, 1950, ch. 932, title I, § 102, 64 Stat. 799; July 31, 1951, ch. 275, title I, § 101(b), 65 Stat. 132.)"
---


# § 4512. Hoarding of designated scarce materials

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.

---

**Source Credit**: (Sept. 8, 1950, ch. 932, title I, § 102, 64 Stat. 799; July 31, 1951, ch. 275, title I, § 101(b), 65 Stat. 132.)

### Termination of Section

For termination of section, see .

## Editorial Notes

### References in Text

This chapter, referred to in text, was in the original “this Act”, meaning , , known as the Defense Production Act of 1950, which is classified principally to this chapter. For complete classification of this Act to the Code, see  and Tables.

### Codification

Section was formerly classified to section 2072 of the former Appendix to this title prior to editorial reclassification and renumbering as this section.

### Amendments

1951—Act , authorized President to prescribe conditions and exceptions allowing maintenance of substantial inventories of critical materials in certain cases.

## Executive Documents

### Delegation of Functions

Authorities of President under this section with respect to health and medical resources needed to respond to the spread of COVID–19 within the United States delegated to Secretary of Homeland Security, see section 4 of Ex. Ord. No. 13911, , 85 F.R. 18404, set out as a note under .

Functions of President under this chapter relating to production, conservation, use, control, distribution, and allocation of energy, delegated to Secretary of Energy, see section 4 of Ex. Ord. No. 11790, , 39 F.R. 23185, set out as a note under , Commerce and Trade.

### Executive Order No. 13910

Ex. Ord. No. 13910, , 85 F.R. 17001, which delegated authority of President under this section to prevent hoarding of health and medical resources necessary to respond to the spread of COVID–19 within the United States to the Secretary of Health and Human Services, was revoked by Ex. Ord. No. 14122, § 2, , 89 F.R. 27355, set out in a note under , The Public Health and Welfare.