Building Resilient Supply Chains Act
The bill outlines a framework for providing financial assistance, such as grants and loans, to eligible entities engaged in activities that support the domestic manufacturing of critical goods and services. This includes promoting the resilience, diversity, and security of supply chains. By allocating $41 billion for fiscal years 2024 through 2028, the bill aims to significantly improve the productive capacities and competitiveness of domestic manufacturers, which could lead to job creation in the manufacturing sector.
House Bill 762, titled the 'Building Resilient Supply Chains Act,' establishes the Supply Chain Resiliency and Crisis Response Office within the Department of Commerce. This office is tasked with enhancing the resilience of supply chains critical to national and economic security. The legislation aims to foster collaboration between federal and state governments, the private sector, labor organizations, and international allies to strengthen supply chains against potential shocks and disruptions.
One notable aspect of HB 762 is the requirement for eligible entities that apply for funding to maintain neutrality in union organizing efforts and to not abrogate existing collective bargaining agreements. This provision could be contentious, reflecting a balance between labor rights and business interests in securing funding. Additionally, there is potential debate about the extent of federal involvement versus state and local control in managing supply chain resilience, a concern for various stakeholders in the legislative process.