REGULATIONS AND ORDERS.

SEC. 134. REGULATIONS AND ORDERS. Section 704 of the Defense Production Act of 1950 (50 U.S.C. App. 2154) is amended to read as follows: “SEC. 704. REGULATIONS AND ORDERS. “(a) In General.— Subject to section 709 and subsection (b), the President may prescribe such regulations and issue such orders as the President may determine to be appropriate to carry out this Act. “(b) Procurement Regulations.— Any procurement regulation, procedure, or form issued pursuant to subsection (a) shall be issued pursuant to section 25 of the Office of Federal Procurement Policy Act, and shall conform to any governmentwide procurement policy or regulation issued pursuant to section 6 or 25 of that Act.”.