"Build America, Buy America" Signals Increased Commitment to U.S. Manufactured Goods

The historic infrastructure bill, now signed into law, includes broad policy provisions designed to improve governmental sourcing from U.S. manufacturing sectors. As reported in the Trade and Manufacturing Monitor provides details regarding these new statutory authorities that aim to:

Expand domestic preference procurement policies applicable to federal financial assistance programs for public works infrastructure.
Increase the domestic component content requirements of products and construction materials sold to the Federal Government under the Buy American Act.
Provide transparency into governmental contracting decisions related to domestic sourcing.

Suppliers to public works projects and to the federal government should assess these new statutory directives as they will impose new domestic origin requirements and standards for construction materials and products acquired for federally aided public works infrastructure projects at the state and local levels and impose new domestic component content standards for goods and construction materials acquired by the federal government. For the full article, read here.