President Joe Biden has signed an executive order that would direct a 100-day review of supply chains as part of efforts to address the global shortage of semiconductors, CNBC reported Wednesday.
The move comes after congressional members and industry leaders warned about the potential implications of the chip shortage.
The EO directs heads of specific agencies to submit within 100 days reports that identify risks in supply chains for semiconductor manufacturing, electric-vehicle batteries, rare earth elements and other critical minerals, pharmaceuticals and active pharmaceutical ingredients. The assistants to the president for national security affairs and economic policy will review and hand over the submitted reports to the president.
Biden said Wednesday at a press event a long-term assessment of economy’s six sectors will follow the 100-day review and will include policy recommendations meant to strengthen U.S. supply chains, according to CNBC.
Within a year, the secretaries of the departments of Defense, Health and Human Services, Commerce, Homeland Security, Transportation, Energy and Agriculture should conduct and submit supply chain assessments covering various industrial bases, including the defense, public health and biological preparedness, food products, energy, transportation and information and communications technology.
The assistants to the president for national security affairs and economic policy will assess the measures taken over the previous year and come up with recommendations concerning reforms needed to improve the effectiveness of supply chain analysis and actions, steps to improve the resilience of U.S. supply chains and possible changes to domestic and international trade agreements and rules to achieve supply chain security, resilience and diversity.
