Defense Production Act

On September 19, 2022, the European Commission (“Commission”) presented the Single Market Emergency Instrument (“SMEI”), a crisis management framework designed to secure supply chains of “identified, strategically important goods and services” within the European Union (“EU”) during times of emergency.  The SMEI was introduced as a response to the significant structural issues in the EU’s supply chain of critical goods and services, which were highlighted by the COVID-19 pandemic.  Comments on the Proposed Regulation are currently due on December 17, 2022.Continue Reading The EU Single Market Emergency Instrument: Comparing the SMEI Against the U.S. Defense Production Act