SHIELD Act: Strengthening US Supply Chains and Defense Against China Competition.
This Act aims to boost the nation's economic and logistical security by reducing reliance on foreign suppliers, particularly China. This means greater stability in the supply of critical goods like pharmaceuticals, semiconductors, and essential minerals, indirectly affecting their availability and cost for consumers. New government units will be established to continuously monitor and map global supply chains to prevent future shortages and bottlenecks.
Key points
Establishment of the Office of Economic and Security Preparedness and Resilience to coordinate efforts ensuring resilient US supply chains and robust domestic production.
Creation of a Supply Chain Mapping Unit to continuously monitor critical supply chains (e.g., semiconductors, pharmaceuticals) and identify dependencies on China.
Establishment of a Defense Mobilization Unit to assess military equipment needs, identify production shortfalls, and recommend corrective measures for the defense industrial base.
Mandatory annual reporting to Congress on identified weaknesses and bottlenecks in the defense industrial base and proposed solutions.
Expired
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