Bipartisan Legislation Introduced To Protect American Supply Chain
June 11, 2021 -
Today, U.S. Reps. Bill Posey (R-Florida) and Tim Ryan (D-Ohio) introduced the Critical Supply Chain Commission Act, bipartisan legislation to strengthen American manufacturing supply chain resilience and reduce our dependence on foreign powers like China for critically-needed products.
“U.S. supply chain health is dependent on many factors including trade agreements, world economics and supply availability, and natural disasters,” said Rep. Bill Posey. “The pandemic highlighted vulnerabilities in our critical supply chain from PPE to lifesaving medications, rare minerals, and even agricultural goods. We need to be prepared to address future events that threaten our critical supply chain and this nonpartisan Commission will not only help secure our needs but also boost domestic manufacturing, strengthen our production capabilities, and reduce our dependence on foreign powers. I thank my colleague Rep. Tim Ryan for his leadership on this important issue.”
“Many Americans were shocked to find that early in the pandemic, the United States lacked the ability to produce those products needed to take care of the sick and their caregivers,” said Rep. Tim Ryan. “This legislation will ensure that the expertise and systems are in place to react quickly in providing those manufactured items that are crucial to the health and safety of all Americans.”
Specifically the Critical Supply Chain Commission Act establishes a 12 member, nonpartisan commission of experts tasked with studying the U.S. critical supply chain, identifying its vulnerabilities, predicting future supply-chain disruptions, and guiding Congress on how to meet critical supply chain needs domestically and mitigate dependencies on foreign powers. Furthermore, the bill will not only secure and strengthen our critical supply chain, it will also protect U.S. security interests and revitalize the $2 trillion U.S. manufacturing industry, creating good-paying jobs and giving American companies the courage to enter new and difficult markets.