[Washington Examiner] The Biden administration is announcing a new, proposed Buy American rule, which federal officials say marks "the most robust changes to implementation of the Buy American Act in almost 70 years."Signed in 1933, the Buy American Act requires the federal government to only purchase goods determined to be at least 55% manufactured in the United States. The new proposed rule, which the administration will seek comment on for the next two months before publishing an official rule change, would immediately increase the domestic component threshold to 60% and gradually increase the threshold to 75% over the next decade.
The proposed rule marks "just the first set of proposed reforms to procurement policy under the Biden-Harris administration to ensure taxpayer dollars help American businesses compete in strategic industries and help American workers thrive," according to administration officials.