Summary of Bill HR 4661
Bill 117 HR 4661, also known as the National Supply Chain Database Act of 2021, is a piece of legislation introduced in the US Congress. The purpose of this bill is to establish a national database that will track and monitor supply chains in the United States.
The bill aims to improve transparency and accountability in supply chains by requiring companies to report information about their suppliers, materials, and manufacturing processes. This information will be stored in the national database, which will be accessible to government agencies, businesses, and the public.
The National Supply Chain Database Act of 2021 also includes provisions for the protection of sensitive information and the enforcement of reporting requirements. Companies that fail to comply with the reporting requirements may face penalties or other enforcement actions.
Overall, this bill is designed to enhance the resilience and efficiency of supply chains in the United States by providing stakeholders with better information and tools to identify and address vulnerabilities. It is currently being considered by Congress and may be subject to amendments or changes before it is passed into law.
Congressional Summary of HR 4661
National Supply Chain Database Act of 2021
This bill requires the National Institute of Standards and Technology to establish and maintain a National Supply Chain Database to assist with minimizing disruptions to the U.S. supply chain through an assessment of U.S. manufacturers' capabilities.