Bill 119 s 257, also known as the "Supply Chain Resilience Act," aims to enhance the strength and durability of crucial supply chains within the United States. The bill seeks to address vulnerabilities in supply chains that have been exposed by events such as the COVID-19 pandemic and natural disasters.
The legislation includes provisions to increase transparency and accountability within supply chains, requiring companies to report on the origin of their products and the steps they are taking to ensure continuity of supply. It also calls for the development of a national strategy to improve supply chain resilience, with a focus on key industries such as healthcare, technology, and defense.
Additionally, the bill provides funding for research and development initiatives aimed at enhancing supply chain resilience, as well as grants to support small businesses in strengthening their supply chains. It also establishes a Supply Chain Resilience Task Force to coordinate efforts across government agencies and industry stakeholders.
Overall, Bill 119 s 257 aims to bolster the resilience of critical supply chains in the United States, ensuring that the country is better prepared to withstand disruptions and maintain the flow of essential goods and services.