Biden-Harris Administration Marks Progress Strengthening America’s Supply Chains
December 19, 2024
Washington, D.C. – Today, the Biden-Harris Administration released a fact sheet highlighting the progress made over the past two years to strengthen America’s supply chains. The fact sheet outlines the Administration’s accomplishments in five key areas:
- Building Resilience and Diversifying Suppliers:
- Launched the Supply Chain Innovation Council to identify and mitigate vulnerabilities in the semiconductor, microelectronics, pharmaceutical, and other critical sectors.
- Invested $100 million in the Defense Production Act Title III program to support the production of critical materials and components domestically.
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Established a $500 million Supply Chain Resiliency Program to mitigate potential disruptions in the solar energy supply chain.
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Strengthening Critical Infrastructure and Workforce:
- Announced a $6 billion investment in the National Infrastructure Bank to support projects that enhance supply chain resilience.
- Launched the American Rescue Act to provide $1.9 trillion to shore up the economy and workforce during the COVID-19 pandemic.
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Invested $218 million in infrastructure and workforce training programs through the Infrastructure Investment and Jobs Act.
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Promoting Innovation and Enhancing Competitiveness:
- Established the CHIPS and Science Act, which provides $52 billion in funding to support semiconductor manufacturing and research.
- Launched the $2 billion Advanced Manufacturing National Program Office to accelerate the development and deployment of advanced manufacturing technologies.
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Created the National Institute for Innovation in Manufacturing Biopharmaceuticals (NIIMBL) to enhance domestic production of biopharmaceuticals.
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Expanding Collaboration and Information Sharing:
- Established the National Supply Chain Coordination Center to enhance collaboration among federal agencies, industry stakeholders, and international partners.
- Launched the U.S.-EU Trade and Technology Council to address supply chain disruptions and promote innovation.
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Developed a National Security Memo to guide federal agencies in enhancing supply chain resilience.
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Protecting Consumers and Supporting Workers:
- Strengthened enforcement of antitrust laws to prevent unfair competition and protect consumers.
- Invested in programs to support workers affected by supply chain disruptions, including the Trade Adjustment Assistance Program.
- Launched the Affordable Connectivity Program to provide low-income households with access to affordable broadband internet, which is essential for e-commerce and supply chain management.
The Biden-Harris Administration’s efforts to strengthen America’s supply chains have resulted in significant progress in a relatively short period of time. These accomplishments have laid the foundation for a more resilient, secure, and competitive national supply chain infrastructure. The Administration will continue to work with Congress, industry leaders, and international partners to build on these achievements and ensure that America’s supply chains remain strong and efficient.
FACT SHEET: Biden-Harris Administration Marks Progress Strengthening America’s Supply Chains
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