flexiblefullpage - default
Currently Reading

Republican and Democratic Lawmakers Introduce New Bill to Address Supply Chain Shortfalls

Advertisement
billboard - default
Government + Policy

Republican and Democratic Lawmakers Introduce New Bill to Address Supply Chain Shortfalls

Sen. Marco Rubio and Rep. Ro Khanna are introducing a new bill to address and resolve supply chain disruptions and critical shortages 


December 13, 2022
Cargo in storage on shipyard
Image: Stock.adobe.com

A new bipartisan bill introduced by Sen. Marco Rubio (R., Fla.) and Rep. Ro Khanna (D., Calif.) seeks to identify and resolve weaknesses in U.S. supply chains that could hurt national security and slow domestic manufacturing growth, The Wall Street Journal reports. The 18-page proposal, called the National Development Strategy and Coordination Act of 2022 aims to strengthen domestic manufacturing and reduce U.S. reliance on other countries while addressing both long term and immediate supply chain shortfalls.

No other lawmakers have signed onto the proposal, though many have voiced concerns over critical shortages and supply chain hurdles in years past and have called on Congress to respond.

“For decades, we watched as American industry went offshore, and we basically offered a Band-Aid to communities,” Mr. Khanna said in an interview. 

“If we want to be a strong nation, we have to rebuild and invest in critical industries at home,” Mr. Rubio said. He said the bill would create “the road map, using existing tools within our government, to focus on and invest in things that actually matter.”

Read more

Related Stories

Housing Policy + Finance

Rent Control Policies Gain Traction—Economists Say They’re a Bad Idea

Support for rent control policies is building amid an ever-growing affordability crisis, but economists worry that if implemented, they could deter new housing development

Housing Policy + Finance

The Federal Reserve Isn’t Slowing Its Rate Hikes Ahead of the Spring Market

The 30-year fixed-rate mortgage surged above 7% yet again, threatening to squash a recent resurgence of buyer activity 

Housing Markets

Here Are the US Metros Where Home Price Growth Is Slowing the Fastest

Home price growth slowed further in December as rate hikes from the Federal Reserve propelled a post-pandemic housing correction. These are the cities that saw the biggest changes

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category




Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.