Securing Supply Chains: Crisis Response and Boosting US Manufacturing Leadership.
This Act establishes a program in the Department of Commerce to protect the supply of critical goods (like components for infrastructure and emerging technologies) from shocks such as pandemics or cyber attacks. The goal is to reduce the risk of shortages, stabilize consumer prices, and support manufacturing in the US and allied nations, potentially leading to new job creation in the production sector.
Key points
The government will develop an early warning system, potentially using AI, to predict and mitigate critical supply shortages before they occur, helping stabilize consumer costs.
The law encourages relocating the manufacturing of strategic goods from high-risk countries back to the US or allied nations to enhance economic security.
The program focuses on identifying single points of failure in supply chains to prevent future disruptions that could affect the availability and cost of essential products.
Support is provided for creating new, competitive-wage jobs in the US manufacturing sector, particularly in rural and underserved communities.
Expired
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