Insight: The Defense Production Act and the Biden Administration | Morgan Lewis
To embed, copy and paste the code into your website or blog: The Biden administration has vowed to invoke the Defense Production Act (DPA) to increase domestic production of essential supplies needed to respond to the coronavirus (COVID-19) pandemic. In this Insight, we address key features of the DPA, guidance for companies who may receive a rated order, financing incentives offered by the DPA, and how we anticipate the Biden administration will use the DPA over the next year. The Defense Production Act of 1950 The statute provides the president with “an array of authorities to shape nati...
Source: jdsupra.com