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Biden plans to sign order for govt to buy more US goods
The United States has shed roughly 540,000 factory jobs since last February as the coronavirus pandemic hurled the world’s largest economy into recession. The goal of the order would be to use the $600 billion the federal government spends on procurement to boost domestic factories and hiring, said officials who insisted on anonymity to discuss the forthcoming announcement. Biden’s order would modify the rules for the Buy American program, making it harder for contractors to qualify for a waiver and sell foreign-made goods to federal agencies. It also changes rules so that more of a manufactured good’s components must originate from U.S. factories. American-made goods would also be protected by an increase in the government’s threshold and price preferences, the difference in price over which the government can buy a foreign product. The order also has elements that apply to the separate Buy America program, which applies separately to highways and bridges. It seeks to open up government procurement contracts to new companies by scouting potential contractors. The order would create a public website for companies that received waivers to sell foreign goods to the government, so that U.S. manufacturers can have more information and be in a more competitive position. Posted by: Besoeker 2021-01-25 |
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