Promoting Resilient Supply Chains Act of 2024

This bill establishes a critical supply chain resiliency and crisis response program within the Department of Commerce to promote U.S. leadership in critical industries and emerging technologies, enhance supply chain security, and prepare for and respond to supply chain shocks. It expands the Secretary of Commerce's responsibilities and creates mechanisms for monitoring, early warning, and best practices.

Sec. 2, Additional responsibilities of Secretary of Commerce: The Secretary must promote U.S. leadership in critical industries, supply chains, and emerging technologies; consult with agencies, industry, and governments; encourage domestic manufacturing growth; monitor supply chain resilience; support availability of critical goods from domestic and allied sources; assist federal response to supply chain shocks; reduce reliance on certain foreign countries; relocate manufacturing from those countries; create manufacturing jobs; support rural and underserved communities; and promote economic health. The Secretary must also establish capabilities to assess technology and production capacity and may use external technical support.

Sec. 3, Critical supply chain resiliency and crisis response program: Within 180 days, the Secretary must establish a program to map, monitor, and model critical supply chains; identify gaps and vulnerabilities; detect potential supply chain shocks; evaluate domestic and allied manufacturing capacity; assess national security and economic impacts; evaluate the manufacturing workforce; identify non-federal investments; coordinate with governments to reduce gaps, build capacity, develop contingency plans, and support traceability technologies; and consult with allied nations to promote resilient supply chains.

Sec. 4, Critical supply chain innovation and best practices: The Secretary must facilitate guidelines and best practices for measuring and improving supply chain resilience, quantifying its value, reducing disruption risks, and supporting traceability using blockchain and other technologies. This involves consulting with private sector, agencies, and stakeholders; collaborating on voluntary approaches; facilitating supplier selection processes; disseminating research; and leveraging existing federal mechanisms. No private entity is required to share information or implement recommendations.

Sec. 5, Department of Commerce capability assessment: The Secretary must produce a report within two years identifying relevant duties, resources, and expertise within Commerce offices and bureaus, assessing their effectiveness and limitations, and recommending enhancements to improve coordination and impact. The report must be submitted to Congress with an implementation strategy.

Sec. 6, Early warning mechanism for detecting potential supply chain shocks: The Secretary, with specified officials, must develop an early warning mechanism using artificial intelligence or quantum hybrid computing to detect potential shocks and support alternative supplier identification. The Secretary may collect data from government and private sector (with consent), and voluntarily submitted information is protected from disclosure under FOIA and other laws. The Secretary must consult with private sector and submit annual reports to Congress on the mechanism's status and detected shocks.

Sec. 7, Definitions: Key terms are defined, including 'ally or key international partner nation' (excluding countries posing security risks), 'critical good' (materials whose absence affects national security and critical infrastructure or emerging technology), 'critical industry,' 'critical supply chain,' 'emerging technology' (listing specific technologies like AI, blockchain, quantum computing, semiconductors), and others such as 'domestic manufacturer,' 'manufacturing technology,' and 'production equipment.'