A bill to amend the Defense Production Act of 1950 to include products produced from coal gasification and coal liquefaction which may be used as fuels under title III in order to encourage the development of coal gasification and coal liquefaction.

Authorizes the President, pursuant to the provisions of the Defense Production Act, to make provision for purchases of or commitments to purchase products produced from coal gasification and liquefaction which may be used as fuels for Government use or resale, and for the encouragement of development and production of such fuels.

Limits to $1,500,000,000 the maximum obligation of any guaranteeing agency under any loan, discount, advance, or commitment entered into under this Act.