President Joe Biden recently signed an executive order to strengthen the ‘Buy American’ regulations by closing the lacunae and reducing waivers granted on federal purchases of US-made goods to ensure that US manufacturing partly drives the country's prosperity. Biden also ordered the creation of a new post, Director of Made in America, at the White House.
He said the position at the White House office of management and budget will oversee all Made in America initiatives.President Joe Biden recently signed an executive order to strengthen the 'Buy American' regulations by closing the lacunae and reducing waivers granted on federal purchases of US-made goods to ensure that US manufacturing partly drives the country's prosperity. Biden also ordered the creation of a new post, Director of Made in America, at the White House.#
The government will use taxpayers' money to rebuild America, buy American products and support American jobs, union jobs, he said at an event at the White House.
Biden said the government spends nearly $600 billion every year in government procurement to keep the country going safe and secure, according to global newswires.
He said that there's a law that's been on the books for almost a century now: to make sure that taxpayers' dollars for procurement is spent to support American jobs and American businesses.
The president alleged that the previous administration didn't take it seriously enough and the federal agencies waived the Buy American requirement without much pushback at all.
As big corporations and special interests have long fought for loopholes to redirect US taxpayers' dollars to foreign companies, tens of billions of American taxpayers' dollars have been supporting foreign jobs and foreign industries, he said.
“We're setting clear directives and clear explanations. We're going to get to the core issue with a centralised, coordinated effort,” he was quoted as saying.
That starts with stopping federal agencies from waiving Buy American requirements with impunity, as has been going on.
If an agency wants to issue a waiver for buying an American product as part of a project; it has to explain the reasons to the White House, he said. These waivers would be publicly posted.
Biden directed the Office of Management and Budget to review waivers to make sure they are only used in very limited circumstances.
Biden said that the executive action will not only require that companies make more of their components in America, but that the value of those components is contributing to the economy, measured by things like a number of American jobs created or supported.
Fibre2Fashion News Desk (DS)
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