Mnuchin: Trump may invoke DPA to produce future coronavirus vaccine

Mnuchin: Trump may invoke DPA to produce future coronavirus vaccine
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Treasury Secretary Steven MnuchinSteven Terner MnuchinOn The Money: GOP turning against new round of ,200 rebate checks | Millions of Americans frustrated by delayed unemployment checks | Senate votes to give coronavirus relief program more flexibility The Hill's Coronavirus Report: Rep. Val Demings calls for a new DOJ Office of Police Standards; Trump, GOP to pull convention from NC Lobbying world MORE said Thursday that President TrumpDonald John TrumpFormer employees critique EPA under Trump in new report Fired State Department watchdog says Pompeo aide attempted to 'bully' him over investigations Virginia senator calls for Barr to resign over order to clear protests MORE is open to invoking the Defense Production Act (DPA) again for the production of a future coronavirus vaccine.

The DPA is “a very important tool, it should be used carefully,” Mnuchin said Thursday in an interview with The Hill's Editor-in-Chief Bob CusackRobert (Bob) CusackThe Hill's Morning Report - Presented by Facebook - Mnuchin: More COVID-19 congressional action ahead On The Money: Mnuchin sees 'strong likelihood' of needing another COVID-19 relief bill | 2.4 million more Americans file new jobless claims | Top bank regulator abruptly announces resignation Overnight Health Care: Trump says US won't close over second COVID-19 wave | Mnuchin sees 'strong likelihood' of needing another COVID-19 relief bill | Why the US has the most reported coronavirus cases in the world MORE for the Advancing America's Economy virtual event.

“I know the president is very much willing to use it if we need to use it. I got an update on vaccines yesterday and the investments that BARDA [the Biomedical Advanced Research and Development Authority] is making, which I think is really terrific and in many cases they have commitments to take over large amounts of the vaccines,” he said.

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“The DPA is a very important tool to protect the American workers, and if the president needs to use it he will,” Mnuchin added.

The DPA, established in 1950 during the Korean War, allows the president to require businesses to prioritize production of essential materials for national defense.

Trump had already invoked it during the coronavirus pandemic for the production of ventilators and personal protective gear, as well as when he signed an executive order requiring meat production plants to remain open.

The Hill’s event was sponsored by Wells Fargo and Siemen’s.