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#: White House again raises using defense act to address chip shortage: report

#: White House again raises using defense act to address chip shortage: report

“#: White House again raises using defense act to address chip shortage: report”

Bloomberg reports Defense Production Act may be invoked to force U.S. companies to reveal supply-chain information

The Biden administration has again suggested invoking the Defense Production Act to address the critical shortage of semiconductors, according to a new report.

Bloomberg News reported Thursday that Commerce Secretary Gina Raimondo said the Cold War-era law is under consideration as a means of forcing better transparency from companies, to ease production bottlenecks and identify potential hoarding of chips.

Raimondo…

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