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Building Resilient Supply Chains Act

Source: Congress.gov  ·  4,400 words in original text
This bill creates a new Supply Chain Resiliency and Crisis Response Office within the Department of Commerce. The office will award grants, loans, and loan guarantees to help strengthen American manufacturing and protect critical supply chains that affect national security and economic strength. ##
Domestic manufacturers and businesses that make or buy critical goods and services; state and local governments; Tribal governments; colleges and universities; nonprofit organizations; manufacturing extension centers; and the Department of Commerce. ##
- The bill establishes an Under Secretary position to lead the new office, appointed by the President and confirmed by the Senate for up to 5 years (Sec. 2(c)). - The office can provide grants, loans, and loan guarantees to eligible entities for activities like building manufacturing facilities, purchasing equipment, developing new technologies, or creating backup sources for critical goods (Sec. 2(d) and (e)). - The federal government can pay up to 80 percent of grant costs, though this requirement can be waived during national emergencies or if a supply chain disruption would severely harm national security (Sec. 2(i)). - Loans cannot exceed 80 percent of reasonably expected activity costs, with similar emergency waivers available (Sec. 2(j)). - Companies with 100 or more employees must certify they will not cancel union contracts and will remain neutral during union organizing efforts while receiving funding (Sec. 2(u)). - The bill creates a fund with $41 billion available from fiscal years 2024 through 2028, with up to $31 billion for loans and guarantees, $10 billion for grants, and 2 percent yearly for administrative costs (Sec. 2(s)). ##
If enacted, a new federal office dedicated to supply chain resilience will begin operations. The federal government will have new authority to directly fund manufacturing projects and businesses that strengthen critical supply chains. Companies applying for this funding must make workforce protection commitments. An Inspector General audit will occur within 4 years and every 4 years thereafter to evaluate program effectiveness (Sec. 2(q)). ##
The bill explicitly defines: - **Critical goods or services**: Raw materials, manufactured items, or supplies whose absence would significantly harm national security, economic security, or critical infrastructure - **Critical industry**: Industries important to national or economic security - **Domestic manufacturer**: A business conducting research, development, engineering, or production in the United States - **Key technology focus areas**: Nine categories including artificial intelligence, semiconductors, quantum technology, robotics, advanced materials, biotechnology, cybersecurity, and advanced energy technologies - **Manufacturing facility**: Any building or property needed for manufacturing critical goods - **Supply chain**: A supply chain for a critical good or service ##
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.