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Strengthening US Strategic Stockpiles and Industrial Base

This act aims to enhance national security by improving access to critical raw materials and supplies. It allows the government to replenish strategic stockpiles more quickly, potentially impacting economic stability and the availability of certain products in the long run.
Key points
Enables faster acquisition of materials for national strategic stockpiles, without unnecessary delays.
Increases financial limits for actions aimed at addressing shortfalls in domestic production of key resources.
Requires regular reports and briefings to Congress on the state of stockpiles and planned acquisitions.
Mandates an analysis of sourcing strategic materials from allies instead of China or Russia, potentially affecting global supply chains.
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Additional Information
Print number: 117_HR_8315
Sponsor: Rep. Slotkin, Elissa [D-MI-8]
Process start date: 2022-07-07