Trump Invokes Defense Production Act for Coronavirus Response

In a Wednesday press conference at the White House, President Trump announced he would invoke the Defense Production Act (DPA) to mobilize U.S. industries to produce supplies essential to combating the coronavirus. The 1950 law in part authorizes "the diversion of certain materials and facilities from ordinary use to national defense purposes, when national defense needs cannot otherwise be satisfied in a timely fashion." 

President Trump meets with industry leaders on COVID-19 response Image Source: White House

Specifically, it allows the president "(1) to require that [certain] contracts ... shall take priority over ... any other contract, [and] to require acceptance and performance of such contracts," and "(2) to allocate materials, services, and facilities in such manner." 

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Source Fool.com