1. Short title This Act may be cited as the Empowering Electric Grid Reliability Act . 2. Task force study and report (a) Establishment of task force Not later than 3 months after the date of enactment of this Act, the Secretary of Energy shall establish a task force— (1) to conduct a study on supply chains for essential components of local electric distribution grids, as identified by the Secretary of Energy, including substation transformers and equipment and downline facilities that deliver retail electric energy to homes and businesses; and (2) to submit to the appropriate congressional committees a report on such study, in accordance with this section. (b) Study and report (1) Study The task force shall conduct a study that— (A) identifies, with respect to each supply chain for an essential component of a local electric distribution grid, the goods and materials that are essential to such supply chain; (B) identifies the manufacturing or other capabilities necessary to produce the goods and materials identified under subparagraph (A), including emerging capabilities; (C) identifies, with respect to each supply chain for an essential component of a local electric distribution grid, the defense, intelligence, cyber, homeland security, health, climate, environmental, natural, market, economic, geopolitical, human-rights, or forced-labor risks or other contingencies that may disrupt, strain, compromise, or eliminate such supply chain and that are sufficiently likely to arise so as to require reasonable preparation for their occurrence, including risks— (i) posed by the reliance of such supply chain on digital products that may be vulnerable to failures or exploitation; and (ii) resulting from the elimination of, or failure to develop domestically, the capabilities identified under subparagraph (B)