On February 24, 2022, various U.S. government agencies published their respective reports on supply chain policies for six key industrial bases pursuant to Executive Order 14017, “America’s Supply Chains” (the “Reports”).  These Reports identify key weaknesses in some of the nation’s most crucial supply chains and offer multi-year strategies to help address those weaknesses.  The White House issued this statement and capstone report following the publication of the Reports.  Links to the Reports and corresponding press releases from each agency are included below.

Department of DefenseReportPress Release
Departments of Commerce & Homeland SecurityReportJoint Press Release, Commerce Fact Sheet
Department of EnergyReportPress Release
Department of AgricultureReportPress Release
Department of TransportationReportPress Release
Department of Health and Human ServicesReportPress Release

Companies operating in these critical supply chains should review these developments to consider how the policy recommendations and other measures announced by the Biden Administration or described in the Reports could increase their legal, regulatory, and compliance risks and obligations.  In the coming weeks, we will be publishing deeper-dive posts on this blog identifying some of the areas that we believe in-house counsel and compliance professionals should keep in mind.  Stay tuned.

Author

Kerry Contini is a partner in the Firm's International Trade Practice Group in Washington, DC. Kerry focuses her practice on export controls, trade sanctions, and antiboycott laws. This includes advising US and multinational companies on trade compliance programs, risk assessments, licensing, review of proposed transactions, and enforcement matters. Ms. Contini works regularly with companies across a wide range of industries, including the pharmaceutical/medical device, oil and gas, and nuclear sectors.

Author

Aleesha Fowler is an associate in Baker McKenzie’s North American Litigation Practice Group in New York, New York. She has experience in the areas of white collar criminal defense, internal investigations, regulatory compliance matters, and complex civil litigation. Aleesha focuses her practice on white collar criminal defense, internal investigations, regulatory and compliance matters, and complex civil litigation. She has significant experience representing financial institutions under investigation by the US Department of Justice, the US Securities and Exchange Commission, FINRA, and the OCC. She also has experience advising companies (both domestic and foreign) on their compliance with the US Foreign Corrupt Practices Act.

Author

Ryan Orange is a paralegal in Baker McKenzie's Washington, DC office. He works closely with attorneys on trade sanctions, export controls, customs, and supply chain matters. Ryan has worked on matters for clients across a wide range of industries.