Sec. 2. Statements of policy
266 words·~1 min read·
/bill/117/hr/3309/ih/section-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It shall be the policy of the United States to— diversify supply chains of covered articles in order to strengthen the security and economies of the United States and its allies; maintain an active and leading role in global trade and medical research for the benefit of the workforces in the United States and its allies; strengthen and increase trade between the United States and other countries in the Western Hemisphere in order to— mitigate supply chain vulnerabilities; raise living standards; increase job opportunities; and mitigate the underlying causes of irregular immigration between such countries; in order to safeguard against future disruptions, incentivize the relocation of facilities that manufacture covered articles from countries of concern to the Western Hemisphere; prioritize and provide diplomatic and political support to developing countries in the Western Hemisphere to— resolve any impediments to the manufacturing and labor protection sectors in such countries; advocate for political and economic reforms in such countries that will improve the regulatory and investment environment; resolve challenges for United States investors in such countries, including political instability and corruption; and build and maintain essential public services and infrastructure necessary for economic growth and stability through access to debt refinancing support, as appropriate; support and promote multilateral and bilateral free trade agreements with allied nations in the Western Hemisphere; support joint ventures between companies in the United States and domestically owned companies in the Western Hemisphere; and harness existing tools, such as the United States Agency for International Development, the United States International Development Finance Corporation, to assist countries in the Western Hemisphere to develop increased manufacturing capacity.