June 14, 2021
Overview of Senate Competition Bill & White House Supply Chain Report
Efforts to boost US competitiveness through innovation and R&D and to improve supply chain independence are at an inflection point, with Senate passage of the United States Innovation and Competition Act of 2021 on emerging technologies and release of a White House report on “Building Resilient Supply Chains, Revitalizing American Manufacturing, and Fostering Broad-Based Growth,” both on 8 June. Lawmakers are responding to top-down, state-funded technology incentives by other nations, and the vulnerabilities of the US supply chain exposed by the pandemic.
This WCEY publication looks at the key provisions under the Senate Act and the White House’s report.