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Defense Production Act of 2050 (as amended)

2018Disaster Risk Management, MitigationLegislativeAct
Sectors: Industry, Other
The Act instructs private companies to priorities orders from the federal government. It states that the country's security depends on the ability of its industry to supply materials and services, notably to prepare for natural or man-caused disasters. One core part of the industry's strength is domestic energy supply, which according to the Act should be enhanced by relying notably on renewable sources (e.g solar, geothermal, wind, and biomass sources) and on energy conservation measures.

In 2022, executive action is leveraging this clause to promote the domestic production of solar panels and its components, and also boost the installation of heat pumps. In parallel, President Biden aims to enable tariff-free solar panel imports from a range of Asian allies.

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Defense Production Act of 2050 (as amended)
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The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.