Biden plans to use cold-war era law in attempt to lower US prices

www.theguardian.com

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Biden plans to use cold-war era law in attempt to lower US prices

www.theguardian.com

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politics English • 1 year ago

Defense Production Act of 1950, passed to streamline production during Korean war, was last used during Covid pandemic

In a statement, the White House said Biden will use the Defense Production Act to improve the domestic manufacturing of medicines deemed crucial for national security and will convene the first meeting of the president’s supply chain resilience council to announce other measures tied to the production and shipment of goods.

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The Defense Production Act of 1950, which was passed to streamline production during the Korean war, was last used in early 2021 during the coronavirus pandemic to accelerate and expand the availability of ventilators and personal protective equipment.

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