Delegating Authority Under the Defense Production Act to the Chief Executive Officer of the United States International Development Finance Corporation To Respond to the COVID-19 Outbreak

What it means

Delegates authority under the Defense Production Act to the CEO of the US International Development Finance Corporation to issue loans supporting domestic production of resources needed for COVID-19 response. This allows DFC to strengthen supply chains within the US and its territories during the pandemic.

Expected impact

• Enhanced domestic manufacturing capacity for medical supplies, protective equipment, and other resources needed to combat COVID-19
• Strengthened supply chains to reduce dependence on foreign sources for critical pandemic response materials
• Increased financial support for American businesses producing essential supplies through government-backed loans
• Improved national resilience against future health emergencies through expanded domestic production capabilities