DOT Releases Recap of Past Four Years

With the Biden Administration in its final days and the second Trump presidency on the horizon, Biden’s Department of Transportation (DOT) released a list of its accomplishments to the American people so as not to be forgotten with whatever comes next.

Details

Executive Order 14123 says that a White House Council on Supply Chain Resiliency must release a report highlighting steps that federal departments and agencies can take and have taken in improving the United States’ supply chain. The entire document is 383 pages long and can be read on the webpage provided by the White House.

“In less than four years, we’ve gone from supply chain disruptions unlike anything we’ve seen in peacetime, to much higher levels of resiliency and reliability. 3That work has helped make it possible to move record levels of cargo in and out of the U.S., bring shipping costs down, and ensure essential goods arrive on time,” said Transportation Secretary Pete Buttigieg in regards to the announcement of the report. While the report is not an end-all-be-all for things the Biden DOT has done (one such example is the reigning in of “junk fees” in the airline industry), but it is a good starting point.

Highlights from the report include:

• Listed tax credits for production, investment, and consumption.
• Working with the Department of Energy to strengthen alternative fueling infrastructure.
• Information and Communications Technology investments through the CHIPS Act.
• $150 billion invested in renewable battery production stateside.

The report also mentions the indirect impact federal spending has had in strengthening the supply chain as private investors try to capitalize on changing trends in the economy. The White House estimates that for every dollar of taxpayer investment, about $4.66 from private investment has entered the supply chain.

Conclusion

As you can likely guess, the White House Council on Supply Chain Resiliency was established by Joe Biden in the wake of the COVID-19 pandemic and its resulting economic fallout. Whether or not Trump will undo Executive Order 14123 and this first quadrennial report will be the only one is yet to be seen.

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