Biden To Invoke Defense Production Act

Carolyn Kaster/AP President-elect Joe Biden will invoke a wartime production law, the Defense Production Act, to boost the production of vaccines after he's sworn-in.

"You will see him invoking the Defense Production Act," Dr. Celine Gounder, who's on Biden's COVID-19 advisory board, told CNBC on Monday.

The DPA gives the president broad authority to pressure US industries to produce supplies in the interest of national defense.

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President-elect Joe Biden will invoke the Defense Production Act (DPA) after he's inaugurated to increase the production of vaccines, according to a top advisor on his COVID-19 team.