Strengthening US Supply Chain Security and Manufacturing Resilience
This Act aims to enhance the security and independence of American supply chains for critical goods, safeguarding the economy and national security. It establishes a new office within the Department of Commerce to support domestic manufacturers through loans and guarantees, encouraging the relocation of production from countries of concern. This initiative is expected to lead to more stable supplies of essential products and increased manufacturing jobs for citizens.
Key points
Establishment of an Office of Manufacturing Security and Resilience within the Department of Commerce to coordinate government efforts on supply chains.
Financial support programs (loans, loan guarantees) for companies manufacturing critical goods in the US or allied nations, with a focus on small and medium-sized businesses.
Incentives for relocating critical goods manufacturing from countries of concern to the United States or key international partners, reducing disruption risks.
Support for creating competitive-wage jobs in the manufacturing sector, particularly in economically distressed areas.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.