(a) Requirement
(1) In general
The President shall develop and maintain a plan to maintain and restore the economy of the United States in response to a significant event.
(3) ContentsThe plan required under paragraph (1) shall—
(A)
examine the distribution of goods and services across the United States necessary for the reliable functioning of the United States during a significant event;
(B) identify the economic functions of relevant actors, the disruption, corruption, or dysfunction of which would have a debilitating effect in the United States on—
(C) identify the critical distribution mechanisms for each economic sector that should be prioritized for operation during a significant event, including—
(ii)
national and international financial systems, including wholesale payments, stocks, and currency exchanges;
(D) identify economic functions of relevant actors, the disruption, corruption, or dysfunction of which would cause—
(E)
identify the economic functions of relevant actors that are so vital to the economy of the United States that the disruption, corruption, or dysfunction of those economic functions would undermine response, recovery, or mobilization efforts during a significant event;
(F)
incorporate, to the greatest extent practicable, the principles and practices contained within Federal plans for the continuity of Government and continuity of operations;
(G) identify—
(i) industrial control networks for which a loss of internet connectivity, a loss of network integrity or availability, an exploitation of a system connected to the network, or another failure, disruption, corruption, or dysfunction would have a debilitating effect in the United States on—
(H)
identify critical economic sectors for which the preservation of data in a protected, verified, and uncorrupted status would be required for the quick recovery of the economy of the United States in the face of a significant disruption following a significant event;
(J)
provide an analysis of supply chain diversification for the items described in subparagraph (I) in the event of a disruption caused by a significant event;
(K) include—
(i)
a recommendation as to whether the United States should maintain a strategic reserve of 1 or more of the items described in subparagraph (I); and
(L)
identify mechanisms in existence on January 1, 2021 and mechanisms that can be developed to ensure that the swift transport and delivery of the items described in subparagraph (I) is feasible in the event of a distribution network disturbance or degradation, including a distribution network disturbance or degradation caused by a significant event;
(M)
include guidance for determining the prioritization for the distribution of the items described in subparagraph (I), including distribution to States and Indian Tribes;
(N) consider the advisability and feasibility of mechanisms for extending the credit of the United States or providing other financial support authorized by law to key participants in the economy of the United States if the extension or provision of other financial support—
(O)
include guidance for determining categories of employees that should be prioritized to continue to work in order to sustain the functions described in subparagraphs (B), (D), and (E) in the event that there are limitations on the ability of individuals to travel to workplaces or to work remotely, including considerations for defense readiness;
(P)
identify critical economic sectors necessary to provide material and operational support to the defense of the United States;
(Q)
determine whether the Secretary of Homeland Security, the National Guard, and the Secretary of Defense have adequate authority to assist the United States in a recovery from a severe economic degradation caused by a significant event;
(R)
review and assess the authority and capability of heads of other agencies that the President determines necessary to assist the United States in a recovery from a severe economic degradation caused by a significant event; and
(S)
consider any other matter that would aid in protecting and increasing the resilience of the economy of the United States from a significant event.
(b) CoordinationIn developing the plan required under subsection (a)(1), the President shall—
(2)
consult with economic sectors relating to critical infrastructure through sector-coordinated councils, as appropriate;
(3)
consult with relevant State, Tribal, and local governments and organizations that represent those governments; and
(c) Submission to Congress
(1) In generalNot later than 2 years after January 1, 2021, and not less frequently than every 3 years thereafter, the President shall submit the plan required under subsection (a)(1) and the information described in paragraph (2) to—
(2) Additional informationThe information described in this paragraph is—
(A)
any change to Federal law that would be necessary to carry out the plan required under subsection (a)(1); and
(B) any proposed changes to the funding levels provided in appropriation Acts for the most recent fiscal year that can be implemented in future appropriation Acts or additional resources necessary to—
(ii) maintain any program offices and personnel necessary to—
(3) Budget of the President
The President may include the information described in paragraph (2)(B) in the budget required to be submitted by the President under section 1105(a) of title 31.
(d) DefinitionsIn this section:
(4) The term “significant event” means an event that causes severe degradation to economic activity in the United States due to—