China Panel Proposes U.S. Supply Chain Agency
An annual report to Congress released this week recommends creation of executive branch agency to coordinate U.S. efforts for securing domestic supply chains, including semiconductors and rare earth elements.
The recommendation by the
calls for a establishing an Economic and Security Preparedness and Resilience Office. The unit would oversee interagency efforts to strengthen U.S. supply chains “in the context of the ongoing geopolitical rivalry and possible conflict with China.”
Among the proposed agency’s duties would be developing a framework for assessing supply chain resilience and developing “risk mitigation efforts.”
Addressing the status of U.S.-China technology competition, commission members said it was too soon to judge how
will influence the rivalry. Final implementation of proposed restrictions on technology sales to China won’t be completed until next year, they noted.
“We’re really not in a position to evaluate whether U.S. policy has changed the trajectory of the U.S.-China economic competition,” said Commissioner
. “China has obviously been catching up technologically for a number of years [but] the U.S. is just starting to respond in a race that China has been running for years.”
U.S.-China Economic and Security Review Commission:
