During the Inaugury Convening of the New White House Count Supply Chain Resillence, President Biden Will Unveil more than 30 new actions to stringthen a ’s support chans

AS PART of his bidomics agonnda to lower Costs for American Families, President Biden is Annound Nearly 30 New Actions to Streangthen SUPPLAINS CRRICAL TO a's eConomic and National Security.Deliveries for Business, Streangthen Our Agriculture and Food Systems, and Support Good-Paying, Union Jobs Here at Home. Ions AlongSide Members of his Cabinet and Other Senior Administration OfficeSupply Chain Resiliation. The Countcily, Which President Biden is Establishing Today, Will Support the endurn result of America's Critical Supply. Then, then

Robust SUPPLY CHINS are fundantal to a strong eConomy. When support chains smood, PriceS FALL for Goods, and Equipment, Putting More Money in the Pockets O FAMERICAN FAMILILILILILIS, WORKERS, Farmers, and Entrepreneurs. That is why President Biden Made Supply ChainResiliation A Priority from Day One of his administration -founding by signing an executive order on American support. TIONS TASK FORCE that worked with states, tribes, Local Governments, BusinesssSses, Family Farms, Labor, And Allies and Partners toAddress the Acute SUPPLY CRISES CAUSED by the Pandemic. Since then, The Administration Has Made Historials to Streangthen SUPPLY URE DISRUPTIONS BY Expanding Production Capacity in Key Sectors and Building Infrastic Through the Chips and Science Act, The Inflation Reduction Act,and the bipartisan infrastructure last.

TheSe Efforts Held UNSNARL Supply Chains, Re-Normalize the Flow of Goods, and LOWER Inflation. From October 2021, SUPPLY Chain Pressures AS Red by the New York Fed DeClined from Near-Record Highs to a Record Low, Helping Lower Inflace, Whi Has Fallen by 65% ​​from ites Peak.

Today, President Biden is Building On this Progress by Annuncing Bold New Actions to Further Stringthen SUPPLY CHAINS, LOWER COSTS for Families, and Help American ET The Goods they need, including:

The Creation of the Countcil on Supply Chain Resillence. TODAY, President Biden Will Convene the Inaugural Meeting of the White House Council on Supply Chain Lience, Which Will Advance His Long-Term, Government-Wide Strategy to Build Ending SUPPLY Chain Resillence.Will be co-Chaired by the National Security Advisor and National Economic Advisor, and Include The Secretaries of Agriculture, Commerce, DEFENSE, Energy, Health A nd Human Services, Homland Security, Housing and Urban Development, The Interior, Labor, State, Transportation, Transportation, Transportation, TransportationThe tarsury, and veterans affairs; The Attorney General; The Administrators of the Environmental Protection Agency and the Small Business Administration; The DI Rectors of National Intelligence, The Office of Management and Budget, and the Office of Science and Technology Policy; The Chair of theCount of eConomic Advisers; The U.S. Trade Repressentative; and Other Senior Offices from the Executive Office of the Presidence Agencies.

USE of the Defense Production Act to Make More Essential Medicines in America and Mitigate Drug Shortages. O Broaden The Department of Health and Human Services' (HHS) Authorities Under Title III of the Defense Production Act (DPA)To Enable Investment in DOMESTIC Manufacturing of Essential Medicines, Medical Countermeasures, and Critical Inputs That HaveMed by the Presidence Ential to the National DEFENSE. HHS Has Identify $ 35 Million for Investments in DOMESTIC PRODUCTION MOFY Starting Materials for Sterile InjectionWill Also Designate a New Supply Chain Resilleience and Shortage Coordinator for Efforts to Streangthen The Resilleity PRODUCT and Critical Food SUPPLY Hains, and to address related shortages. HHS Intends to Institutionalize This Coordination to Advance The Department's Supply and Shortage Mitig ATION GOALS OVERThe Long Term. The Department of Defense (DOD) Will Also Soon Release a New Report On Pharmaceutical SUPPLY CHAINCE AIMED AIMED Reliance On High-Ri SK Foreign SUPPLIERS. THESE ACTIONS Are A Subset of the Administration's Broader Work to Increase Access to Essential MedicinesAnd Medical Products.

New Cross-Gover SUPPLY CHAIN ​​DATA-ShaRing Capabilities. The Administration has developed severted partnerships to improve support Monitoring and Strategy, Including:

The department of Commerce's New, First-OF-ITS-KIND Supply CHAIN ​​Center is Integrating Industry Expertise and Data Analytics to Development Supply Chain R isk assessment touls, and is coordinating deep-dive analySes on select critical supportResiliation. This center is Building Broad PARTNERSHIPS Across Government, INDUSTRY, and Acidemia, Including Collabature with The Department of Energy (DOE) Conduct Deep-Dive Analyser on Clean Energy SUPPLY. AdDityAlly, Commerce Is PARTNERINENG WISTH HHS TO AsSses Industry and Import DataThat Can Help Address Foreign Dependency Vulnerabilities and Points of Failure for Critical Drugs.

The Department of Transportation's (DOT) Freight Logistics Optimization Works ("Flow") Program is a Public-PRIVATE PARTNERSHIP that Brings Together U.S. SUPPL Y Chain Stakeholders to Create a Shared, Common Picture of Supply Chain Networks and Facilities A More Reliable Flow of Goods.DOT Is Annuncing a New Milestone for Flow, in Which PARTICIPANTS Are Beginning to Utilize Flow Data to Inform their Logistics DeCision Making, Helping to Avoice ENECKS, Shorten Lead Times for Customers, and Enable a More Resilient and Globally Competitive Freight Network Through Earlier Warnings ofSupply Chain DISRUPTION. As the Effort Continues to Mature, Dot Will Work with the Department of Agricult (USDA) to Increase Data Transparence Containerized SH Sh Ipments of Agricultural Products in the United States, Efforts That Can Help Producers and Sellers Avoid Disruptions that Can Increase FoodPrices.

These New Analytical Capabilities Will Enable the Countcil to Coordinal a More Complete, Whole-OF-GoverNMENT CRITICAL Chain Monction Function.

Additional ActionS to Support Stronger Supply Chains and Access to AFFORDABLE, RELIABLE END CRITICAL TechNology:

Investing in Critical Supply Chains:

Doe Today Announded $ 275 MILLION in Grant Selections for its Advanced Energy ManuFacturing and Recycling Grant Program, Investments that Will Revitalize Ities Affected by Coal Mine or COAL POWER PLONT Closures Through Investment in Clean Energy Supply Chains, Including Production of Critical Materials, Components For grid-Scale Batteries and Electric Vehicles, ONSHORE WIND TURBINES, and Energy Conservation Technologies. Doe Also Announdding Up TO $ 10 MILLIONTING FOR L Material Accelerator "and A $ 5.6-Million Prize to Develop Circular Clean Energy Supply Chains. These Efforts Build on ActionBy President Biden to Authorize Doe's Use of the DPA to Increase DomStic Production of Five Key Cley Energy Technology AS DOE's Recently Announded $ 3.5-Billion Investment Through the Bipartisan Infrastic Law to Boost Domable Production of Advanced Batteries and Battery.Materials Needed for Essential Clean Energy Technology

USDA is Making Investments Worth $ 196 Million to Streangthen Our Domable Food SUPPLY Chains and Create More Opportunity for Farmers and Entreneurs in Purto Rico. The the Investments — WHICH Build on Prior Investments in DIVERSIFIED FOOD PROCESSING, Resilient Agricultural Markets, and Fertilizer Production— EXPAND FARMER Income Opportunities, Create Economic Opportunities for People and Business in Rural Areas, and LOWER FOOD COSTS.

DOD, Building on the $ 714 Million in DPA Investments It has Made in 2023 to Support Defense-CRITICAL SUPPLY CHAINS, Will Publish the First EVER NATIONAL DeFense I ndustric strategy (NDIS). The ndis will guide engine, policy developmentIndustrial Base Over the Next Three to Five Years. It will enter a coordinalEd, Whole-OF-GoverNMENT Approach to and Focus on the Multiple Layers of Suppliers and Sub-suppliers that make up the critical support chains.

Planning for Long-Term Industrial Resiliation and Future Supply Chain Investments:

Launch of the questionnial support. The countcil will complete the first questioning review by December 31, 2024. The countCil will update Criteria on Industries, Sectors, and Products DEFINED As Critical to National and Economic Security. In Addition, 12 MONTHS AFTER the Countcil Promulgates the Criteria, and Annually thereafter, The Countcil Will Apply the Criteria to Review and UPDate the List O F Critical Sectors, as appropriate.

Smart ManuFacturing Plan. Doe's Office of Energy Efficience and Renewable Energy (EERE) Advanced Materials and ManuoLogies Office (AMMTO) Ponsoring A Study by the National Academies of Science, Engineering, and Medicine to Develop A National For Smart Manual. The ReportWill Establish Key PRIORITIES for Investment to Support New Digital and Artificial Intelligence Technologies. Vity and Security of the ManuoFacturing Systems that are critical for mainting domethains.

Deploying New Capabilities to Monitor Existing and Emerging Risks:

New Resillence Center and Tabletop Exercises for Supply Chain Disruptions. The department of homeland Security (DHS) is Annuncing the Launch of a New Supply ChainSimla Investment. Resiliation Center (SCRC), Which Will Be Dedicated to Ensury THE ResilleDeliver Essential Services to the American People. Near-Term Priorigies Will Include Addressing SUPPLY CHAIN ​​RISKS Results and Vulnerabilities INSI de U.S. PORTS. Additionally, In 2024, in Collaboration with Other Federal Agencies and Foreign GovernAnts, DHS Will Facilities at Least TABLETOP ExercisesDesigned to test the Resilleine of Critical Cross-Border Supply Chains. FURTHER, DHS and the Department of Commerce Will Collaborate to Strengethen The S Emiconductor Supply Chain and FURTHER the Implementation of the Chips and Science Act.

Launch of Dot Multimodal Freight Office. As part of the Bipartisan Infrastic Law ("BIL") Implementation, DOT IS LAUNCHINGINGINGINGINGINGINGINGINGETS Office of Multimodal T Infrastic and PolicyAnd Performance of the National Freight Network Including Through The Development of the National Multimodal Freight Network, Review of State Plans, and the Continued Advancement of the Flow Initiative in PARTNERSHIP with the BUREAU of Transportation Statistics.

Monitoring of Climate ImpactsAhmedabad Investment. The White House National Security Council, Office of Science and Technology Policy, and The Countcil of Economic Advisers Co-Lead An Internet Effort in PARTNERSHIP with the National Oceanic and Atmospheric Administration to Monitor Global Developments Related to El Niño,,Including this climate phenomenon's impact on u.s. And Global Commodity Prices, Agriculture and Fishery Output, Disruptions to Global and Trade Suply CH Ains, and Resulting Impacts on Food Security, Human Health, and Social Instabilities.

Energy and Critical Mineral SUPPLY Chain Readiness. To More Consistently Track Risk and Opportonity Across Energy SUPPLY, DOE Is Developing An Assessmet T OOL THATATSANTS for Raw Materials, Manufacturing, Workforce, and Logistics Considerations. Additionally, to Help Assess the Potential for TractionsOf selection, the department of the interior's U.S. Geology Survey (USGS) WILL MAP and Development Geospatial Database SELEC T Global Critical Product Supply Chains, With a Current Focus on Semiconductor Components; And Will Seek Designation by the Chief Statistics of the.United States of a Federal Statistics Unit Providing the National Minerals Statistics. AdDitionally, The National Science and Technologies Council 'S Critical Minells Subcommitte Plans to Launch A New CriticalMinerals.gov Website in January 2024 That Will Highlight Cross-Governmental Supply Effor TS.

DEFENSE SUPPLY Chain Mapping and Risk Management. DOD is increasing support Er Data for 110 Weapon Systems. This Capability Will Be used to Development Industrial Base Wargaming SCENARIOS to Identify Vulnerabilities and Develop IONStrategies.

Engaging Public and Private StakeHolders to Expand Supply Chain Risk Modeling:

Supply Chain Data and Analytics Summit. The Department of Commerce Will Convene Array of Public and Private StakeHolders at a SUPPLY CHAIN ​​DATA AND TICS SUMMIT IN 2024. A Key Aim of the Summit Will Be to Invite Expert Input Into Supply Chain Risk Assessment ModelsAnd Tools. The Summit Will Also Assess Data Availability, Utility, and Limitations and Consider Actions to Improve Data Flows.

Ai hackathons to stream. Ency-Ericy (Arpa-E), Building on their 2022 Prize Challenges Announdment, Will Host A Series of Hackthons Beginningin FeBRUARY 2024 to Develop Novel Artificial Intelligence Approaches to Assess DomStic Critical Mineral Resources.

RISK MAPPING for Labor Rights Abuses. The Department of Labor (Dol) Updated its comply chain Guidance for Identifying Labor Rights Violaerings In l support chains. In Addition, DOL is Providing $ 8 Million for Two Four-Year Projects to Identify SUPPLY Chain TraceabilityMethods and Technologies to Address Child Labor or Forced Labor Risks in Diverse Supply Chains, Such as the Cobalt and Cotton SECTORS. E New SUPPLY Chain Research on MinIn and Agriculture Products Across Asia, Africa, and Latin American.

In addition to the announcements above, the Administration continues to deepen engagement with allies and partners to strengthen global supply chains, including:

Deepending International Early Warning Systems to DETECT and Res DISRUPTIONS in Critical Sectors with Allies and Partners, Including:

With the European union. In May 2023, The United States and the ESTABLISHED An Early Warning System for Semiconductor SUPPLY -Eu Trade and Technologian Countcil.

With japan and the republic of korea. In August, The United States, JAPAN, and the Republic of KOREA Committed at CAMP David to Launch Warning System OTS, Starting by Identifying Priority Products and Materials Such as Critical Minerals and Rechargeable Batteries and Establish MECHANISMSMSTo Rapidly Share Information on Disruptions to Critical Supply Chains.

With mexico and Canada. Through the united States-MEXICO-CANADA AGREEMENT (USMCA), The United States, Canada, and Mexico Established A TrilateAl Sub- Committee On Emergeency Response to Coordinal North American Effors to Maintain Regional Trade Flows During Emerger Situations.

With Australia, Canada, The EUROPEAN Union, JAPAN, The United Kingdom, and the World Health Organization. , Currently Chaired by the U.S. Food and Drug Administration, Meets Quarterly to Discuct ShortageS PARTICIPATING JURISDICTINAAnd Ways Such Shortages are bebing addressed. The Group's Exchange of Information Helped Address Product Shortages Experienced by Each PARTNER DURING The COVID-19 Andemic and Subsequent "TripleDemic" Including Covid-19, Influenza, And Respiratory Synchtial Virus.

With Global PARTNERS. Through the President's Emergency Plan for Adaptation and Resiliation (Prepare), The U.S. Government Funds Activities to Improve the Weath Er, Water, and Climate Observing Capabilities and Data Sharing in Regions and Countries that are Needed to Produce Actions, Regional,And Global Climate Information and Minimize Impacts Upon Infrastic, Water, Health, and Food Security.

Streangthening Global Supply Chains Through Other Innovative Multilatorial PARTNERSHIPS:

Indo-Pacific Economic Framework for Prosperity (IPEF) SUPPLY Chain Agreement. The United States and 13 IPEF PARTNERS Concluded A First-ITS-KIND SUPPLY CHA in Agreement that gives partners New Tools to Build Diversify, Competitive Supply Chains for Critical Sectors, Includingan iPef SUPPLY Chain Countcil to Coordinal Action. The department of commerce is kickstarting this effort project projects to Enhance The Resiliation of Key. Supply Chains, Including Those Related to Semiconductors, Critical Minerals, and Cold Chain Services. In Addition, The SUPPLY Chains AgreementESTABLISHES A Crisis Response Network that Will Alow IPEF PARTSERS to Better Prepare for And Resiply Chain Disruptions Through Communication Chan Nels and Joint Crisis Simulatings, As Well as a Labor Rights Advisory Board to Promote Worker Rights Across SUPPL CHAINS.

Americas partnership for economic properity (American partnership). The American partnership is Focused On, among Other Things, Streangthening and Diversifying SUPP ly chains. In its first year of work, the American Partnership will Focus on the Development of Regional Competitions in Three Critch: Semiconductors, Clean Energy, and Medical Supplies.

North American Leaders' Summit (NALS). Through NALS, The United States, Canada, and Mexico Are Enhancing the Resiliation of North America Ritical Minerals, Semiconductors, and Other Essential Goods. This Trilateral Effort Includes Partnering With Regional and Academiato create quality jobs, promoted investment, grow talent, and catalyze innovation.

Partnership for Global Infrastic and Investment (PGI). Through PGI, The United States is Mobileizing Public and Private Finivity Investment S and Develop Transformative Economic Corridors to Diversify Global SUPPLY Chains and Create New Opportunities for American workers. From the development of theLOBITO CORRIDOR, Connecting The Democratic Republic of the Congo and Zambia with Global Markets Through Angola, to the launch of the Landmark India-Middle E AST-EUROPE ECONOMIC CORRIDOR — Through Pgi, The United States is Creating Novel Interconnections Across to Facilitate Trade and SecureClean Energy, Digital, Food Security, and Other Critical Supply Chains.

Global Labor Directive. On November 16, President Biden Signed the Presidential Memorandum on Advancing Worker Empowerent, Right High Labor Standards Y. The President Directed Several DEPARTMENTS TO Address Labor Rights Abuses In Global Supply Chains and Identify Innovative Approaches to Promote INTERNATIONAL Ly Recognized LaborRights Throughout the Supply Chain, Including by Collaboating with Labor Organizations, Workers, and Other Labor StakeHolders to Consider Efforts that -Led Monitoring of Labor Rights Compliance.

The Mineral Security PARTNERSHIP (MSP). The Department of State, Along with Partners Including Australia, Canada, FINCE, GERMANY, ITALY, JAPAN, NORWAN, NORWAN, NORW Ay, The Republic of Korea, SWEDEN, The United Kingdom, and the EUROPEAN Union(RepresenteD by the European Commission), ESTABLIISHED The MSP to Accelerate The Development of DIVERSE and Sustainable Critical Enerares SUPPLY Chains. Porks with Host Governments and Industry to Facilities Targeted Financial and Diplomatic Support for Strategic Projects Along the Value Chain with An EmphasisOn Those Projects Which Adhee to and Promote the Highest Labor, Environmental and Sustainability Standards.

International Technology Security and Innovation (itsi) FundKolkata Stocks. Created by the Chips and Science Act of 2022, The itSi Fund Promotes The Diversification of the Glo Bal Semiconductor Supply Chain. State Will Partner with Countries to Develop the Most Attractive Economic Environments for Private.ITSI Fund Support, The Organization of Economic Cooperation and Development has ESTABLIISHED The SEMICONDUCTOR Exchange Alowing Policy Makers In thes. Ductor Industry to Examine Risks and InterDepependencies on the Current State of the Semiconductor Ecosystem. The itsi fund is supporting ecosystem Reviews In Key PARTNER CountriesThat Will Inform Future Collaboration on Developing This Critical Selector.