Washington — President Biden will sign an executive order on Wednesday directing federal agencies to conduct a review of supply chains for critical goods, including pharmaceuticals and large capacity batteries.
Mr. Biden has signed a raft of executive orders since taking office last month in an effort to stabilize an economy ravaged by the coronavirus pandemic. This latest action comes as Congress with the president’s $1.9 trillion stimulus package, with the goal of passing it by the expiration deadline for several critical relief programs in mid-March.
How to watch Biden sign the executive order
- What: President Biden signs an executive order on critical supply chains.
- Date: Wednesday, February 24, 2021
- Time: 4:15 p.m. ET
- Location: The White House
- Online stream: Live on CBSN in the player above or on your mobile streaming device
According to a White House fact sheet on the executive order, the president will direct a 100-day review across federal agencies to address vulnerabilities in the supply chains of pharmaceuticals and pharmaceutical agreements, critical minerals including rare earths, semiconductors and advanced packaging, and large capacity batteries such as those used in electric vehicles.
“The 100-day review will identify near term steps the administration can take, including with Congress, to address vulnerabilities in the supply chains for these critical goods,” the fact sheet said.
The order will also order 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 biological preparedness industrial base.
“Agencies and Departments are directed to review a variety of risks to supply chains and industrial bases. For example, these reviews must identify critical goods and materials within supply chains, the manufacturing or other capabilities needed to produce those materials, as well as a variety of vulnerabilities created by failure to develop domestic capabilities,” the White House said. Agencies will also be directed to make specific recommendations for improvements.
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