[philman_36]

What is this “Act 50” that he keeps referring to?

The "Act" is the Defense Production Act of 1950 (Public Law 81-774, 81st Congress 774th bill undertaken) as stated in the EO... By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Defense Production Act of 1950...

50 U.S.C. App. 2061 and other such references is here...

@TITLE 50, APPENDIX—WAR AND NATIONAL DEFENSE

@DEFENSE PRODUCTION ACT OF 1950— (§§ 2061—2172) - CIVILIAN PROTECTION FROM WAR HAZARDS

[philman_36]

You might find § 2071. Priority in contracts and orders and § 2072. Hoarding of designated scarce materials particularly interesting.