§985 Information sharing relating to supply chain security cooperation

Summary

Requires the Secretary to set up ongoing cooperation and regular, timely sharing of supply‑chain security information between the Department and private companies. The Secretary must build a system to collect and share risk information with private‑sector entities the Secretary selects. In making that system, the Secretary must talk with the Commercial Operations Advisory Committee and a wide range of users, like importers, exporters, carriers, customs brokers, freight forwarders, and others. Federal, State, and local governments may still obtain and use supply‑chain security information as allowed by law, including information already publicly shared. The Secretary may issue advisories, alerts, and warnings to companies, sectors, other government bodies, or the public about supply‑chain risks. When doing so, the Secretary must protect the source of voluntarily submitted information and keep proprietary, business‑sensitive, or submitter‑specific information out of the public.