Summary of Bill HR 1215
Bill 119 HR 1215, also known as the "Western Hemisphere Supply Chain Diversity Act," aims to assist governments in Western Hemisphere countries in diversifying their supply chains. The bill focuses on both upstream supply chains, which involve the sourcing of raw materials and components, and downstream supply chains, which involve the distribution and sale of finished products.
The goal of the bill is to reduce reliance on a single source for materials and products, thereby increasing resilience and flexibility in the face of disruptions such as natural disasters or political instability. By diversifying their supply chains, countries in the Western Hemisphere can also promote economic growth and job creation within their borders.
The bill does not specify specific measures or requirements for achieving supply chain diversity, but instead provides support and resources for governments in the region to develop and implement their own strategies. This may include technical assistance, training programs, and partnerships with private sector organizations.
Overall, the Western Hemisphere Supply Chain Diversity Act seeks to strengthen the economic stability and competitiveness of countries in the region by encouraging a more diverse and resilient supply chain ecosystem.