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 Defense||Report||Press Release|
|Departments of Commerce & Homeland Security||Report||Joint Press Release, Commerce Fact Sheet|
|Department of Energy||Report||Press Release|
|Department of Agriculture||Report||Press Release|
|Department of Transportation||Report||Press Release|
|Department of Health and Human Services||Report||Press 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.