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US HR6478

US HR6478
Supply Chain Resiliency Act


summary

Introduced
01/25/2022
In Committee
01/26/2022
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To establish the Office of Supply Chain Resiliency within the Department of Commerce to provide expansion sup- port to companies and supply chains in the United States that are vulnerable to shortages and price increases, and for other purposes.

AI Summary

This bill establishes the Office of Supply Chain Resiliency within the Department of Commerce to monitor and research supply chains in the United States, identify vulnerabilities, and provide expansion support to eligible manufacturers in the form of loans, loan guarantees, and grants. The bill defines key terms such as "critical product," "eligible entity," and "small business concern," and outlines the responsibilities of the Assistant Secretary who will lead the Office. The bill also establishes a Supply Chain Resiliency Fund to finance the loans, guarantees, and grants, and authorizes $5 billion in appropriations for each fiscal year through 2027, with $4 billion to be deposited into the Fund.

Committee Categories

Business and Industry

Sponsors (4)

Last Action

Referred to the Subcommittee on Consumer Protection and Commerce. (on 01/26/2022)

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