Boosting American Manufacturing: New Government Procurement Rules
This act aims to increase the amount of US-made products purchased by the government. This means more taxpayer money will go to American companies and workers, potentially supporting local jobs and the economy. It also introduces greater transparency in the waiver process, giving citizens insight into when and why the government buys foreign products.
Key points
Most components in government-purchased products must be US-made (increase from 50% to 60%).
It will be harder to buy foreign products unless urgently needed for national security or significantly cheaper (over 50% more expensive in the US).
Decisions on foreign purchases will consider the impact on US employment.
A BuyAmerican.gov website will be created, allowing public access to information on planned foreign purchases and reasons, and enabling public comment.
US manufacturers, especially those facing foreign competition or producing national security-critical goods, can apply for loans up to $5 million for development.
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