Washington – President Biden will sign an executive order on Wednesday ordering federal agencies to conduct a review of supply chains for critical products, including pharmaceuticals and high capacity batteries.
Mr Biden has signed a series of executive orders since taking office last month in an attempt to stabilize an economy ravaged by the coronavirus pandemic. This last action takes place in Congresswith the president’s $ 1.9 trillion stimulus package, with the aim of pushing it past the deadline for several critical relief programs to expire in mid-March.
How to watch Biden sign the decree
- What: President Biden signs an executive order on critical supply chains.
- Dated: Wednesday February 24, 2021
- Time: 4:15 p.m. ET
- Location: The White House
- Online feed: Live on CBSN in the player above or on your mobile streaming device
According to a White House backgrounder on the executive order, the president will lead a 100-day review across federal agencies to address vulnerabilities in the supply chains of pharmaceuticals and pharmaceutical deals, critical minerals, including including rare earths, semiconductors and advanced packaging, and capacity batteries such as those used in electric vehicles.
“The 100-day review will identify short-term actions the administration can take, including with Congress, to address vulnerabilities in supply chains for these critical products,” the backgrounder said.
The order will also mandate a one-year review of a broader set of supply chains, with a focus on “six key sectors,” including the defense industrial base and the public health and safety industrial base. biological preparation.
“Agencies and departments need to consider a variety of risks to supply chains and industrial bases. For example, these reviews should identify critical goods and materials within supply chains, the manufacturing or other capacities required to produce these materials, as well as a variety of vulnerabilities created by the inability to develop national capacities ” , said the White House. Agencies will also be invited to make specific recommendations for improvement.
The backgrounder says the executive order “will build on congressional bipartisan action and leadership on this issue,” adding that the administration “will remain in close contact with Congress to seek recommendations during the review. “.
Meanwhile, the House is expected to vote on Mr Biden’s relief plan on Friday. Despite the president’s calls for bipartisanship, the bill is expected to adopt party lines without any Republican votes.