Energy Supply Chain Security: New Rules for Businesses and Government
This act aims to enhance U.S. energy supply security by identifying and restricting engagement with entities that pose a threat to national security. This means the government will avoid contracts with entities linked to problematic countries, potentially impacting the availability of some products and services, but ultimately protecting critical economic sectors.
Key points
The government will create a list of companies it will not contract with if they threaten U.S. security, especially in critical materials and battery sectors.
Companies working with entities on this list may face difficulties securing government contracts, aiming to strengthen domestic supply chains.
The act seeks to reduce U.S. reliance on foreign suppliers in key energy sectors, which could affect prices and availability of some products in the long run.
Introduced
Citizen Poll