Bipartisan Bill Would Require Corporations to Report Offshoring
The head of the powerful House Appropriations Committee, along with Reps. Bill Pascrell, D-N.J., Brian Fitzpatrick, R-Pa., and Victoria Spartz, R-Ind., introduced the National Critical Capabilities Defense Act, which would require that companies report when they send supply chains of…
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critical goods to "adversaries" such as China. The bill is a companion bill to one introduced earlier in the year by Sen. John Cornyn, R-Texas, and Sen. Bob Casey, D-Pa. The information would go to the Office of the U.S. Trade Representative, the Commerce Department and the Defense Department. Committee Chair Rep. Rosa DeLauro, D-Conn. said, "The COVID-19 pandemic and semiconductor shortages exposed that critical United States supply chains were not up to the task of robustly responding to America’s needs. We have to learn from our mistakes and cannot allow outbound investments from the United States to take critical supply chains overseas and into the hands of our adversaries such as China or Russia. Companies at a minimum should be required to report on their proposed offshoring of supply chains so the United States can better protect critical manufacturing capacity here at home and safeguard American workers and our national, economic, and health security."