Biden Signs EO to Address Chip Shortages, Broader Supply Chain Issues
President Joe Biden signed a Feb. 24 executive order to address supply chain shortages of semiconductor chips, personal protective equipment, medicine and other critical goods. The order calls for a 100-day review of U.S. supply chains to pinpoint “vulnerabilities” impacting a range of goods, including certain pharmaceutical products, critical minerals such as rare earths, semiconductors and large-capacity batteries. The order also calls for a one-year review that will examine issues in a broader set of U.S. supply chains, including those impacting the defense industrial base, the public health base, the information and communications technology sector base, the energy sector industrial base, the transportation industrial base and the agricultural sector. The text of the order was not available as of press time.
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The order aims to spur domestic production and innovation of several key goods while also increasing U.S. competitiveness. Agencies will make “specific policy recommendations” to address the supply chain risks involving the goods and propose “new research and development activities,” the White House said in a fact sheet. The government will also consult with industry, universities, non-governmental organizations, Congress and others to find solutions to supply chain issues. “The United States must ensure that production shortages, trade disruptions, natural disasters and potential actions by foreign competitors and adversaries never leave the United States vulnerable again,” the White House said.