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Supply Chain Security and Resilience Act

Source: Congress.gov  ·  1,686 words in original text
This bill establishes a new office within the Department of Commerce called the Supply Chain Resiliency and Crisis Response Office. The office will work to strengthen U.S. national security and economic security by helping manufacturers and businesses create stronger, more reliable supply chains. It will develop voluntary standards and best practices that companies can use to test and improve their supply chains.
Domestic manufacturers (businesses that conduct manufacturing research, development, engineering or production in the United States), domestic enterprises (U.S. businesses that purchase critical goods or services), federal agencies, state and local governments, tribal governments, labor organizations, private sector businesses, and international partners and allied nations.
The bill establishes the Supply Chain Resiliency and Crisis Response Office headed by an Under Secretary appointed by the President with Senate approval for a term of no more than 5 years. (Sec. 2(c)(1)) The office will develop and support voluntary standards, guidelines, best practices and procedures to help companies measure and improve the resilience, diversity, security and strength of their supply chains. (Sec. 2(d)) The Under Secretary must coordinate closely with private sector companies, manufacturing extension centers, Manufacturing USA institutes and other stakeholders to incorporate industry expertise into these standards. (Sec. 2(e)(1)) The Under Secretary must identify flexible, performance-based approaches that companies can voluntarily adopt to identify, assess and manage supply chain risks. (Sec. 2(e)(3)) Funding of $500,000,000 is authorized for fiscal years 2024 through 2028, with no more than 2 percent per year allowed for administrative costs. (Sec. 2(f))
If this becomes law, a new office will be created in the Department of Commerce with dedicated staff and budget to work with manufacturers and businesses on supply chain resilience. Companies will have access to voluntary standards and best practices developed specifically to help them measure and strengthen their supply chains. The federal government will coordinate more closely with private industry, state governments and allied nations on supply chain issues.
Critical good or service: Raw, processed or manufactured materials (including minerals, metals or advanced materials), articles, supplies or products whose absence would significantly affect U.S. national security, economic security or critical infrastructure. (Sec. 2(g)(1)) Domestic manufacturer: A business that conducts research, development, engineering or production activities for manufacturing in the United States, or will do so if it receives federal financial assistance. (Sec. 2(g)(3)) Domestic enterprise: A business that operates in the United States and purchases critical goods or services. (Sec. 2(g)(2)) Supply chain: A supply chain for a critical good or service. (Sec. 2(g)(7))
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.