President Biden Issues Executive Order on Supply Chains
In response to continued and growing concerns about the reliance
of the U.S. industrial base on China for materials vital to
critical industries, the president issued an Executive Order on
February 24 focused on supply chains for critical goods, including
high-capacity batteries for electric vehicles and the rare earth
elements that go into them. The order will require a 100-day supply
chain review of government contractors and the private sector,
including those in the energy and transportation industries.
Following that initial analysis, over the next year federal
agencies, including the National Security Council, Department of
President Biden Issues Executive Order on Supply Chains
In response to continued and growing concerns about the reliance of the U.S. industrial base on China for materials vital to critical industries, the president issued an Executive Order on February 24 focused on supply chains for critical goods, including high-capacity batteries for electric vehicles and the rare earth elements that go into them. The order will require a 100-day supply chain review of government contractors and the private sector, including those in the energy and transportation industries. Following that initial analysis, over the next year federal agencies, including the National Security Council, Department of Homeland Security, and Department of Justice, will be tasked with additional review and actions focused on steps the U.S. can take to domestic production and ways the U.S. can work with allies on a coordinated response to supply chokeholds.
Tuesday, March 2, 2021
President Biden Issues Executive Order on Supply Chains
In response to continued and growing concerns about the reliance of the U.S. industrial base on China for materials vital to critical industries, the president issued an Executive Order on February 24 focused on supply chains for critical goods, including high-capacity batteries for electric vehicles and the rare earth elements that go into them. The order will require a 100-day supply chain review of government contractors and the private sector, including those in the energy and transportation industries. Following that initial analysis, over the next year federal agencies, including the National Security Council, Department of Homeland Security, and Department of Justice, will be tasked with additional review and actions focused on steps the U.S. can take to domestic production and ways the U.S. can work with allies on a coordinated response to supply chokeholds.
Today, National Economic Council (NEC) Director Brian Deese and National Climate Advisor Gina McCarthy convened and co-chaired the first meeting of the Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization as outlined by President Biden’s January 27 executive order on tackling the climate crisis. The Working Group will focus on identifying and delivering federal resources to revitalize the local economics of coal, oil and gas, and power plant communities, ensuring benefits and protections for workers in these communities.
The Working Group discussed ideas and actions at their respective agencies and offices to determine how to deploy grants, federal loan program, technical assistant, financing, procurement, and other programs that will support and revitalize the economies of coal and power plant communities. They also discussed plans for the Working Group to begin engaging a variety of diverse stakeholders who will be critical partners in the Wo