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Based on the Wall Street Journal and White House announcements, President Biden of the United States has discussed new federal procurement regulations, which will implement stricter regulations on the long-term "Buy American" policy and increase the proportion of U.S. government procurement. , And initiate a regulatory process that includes a 60-day public comment period.
The requirements of the new federal procurement regulations include increasing the proportion of federally purchased products made in the United States. All products purchased through the "Buy American" program must have at least 60% made in the United States, which is higher than the current 55% requirement. The proportion will be increased to 75 in 2029. %, and make up for loopholes in current regulations, give companies time to adjust their supply chains, and increase the use of American-made components; strengthen the American supply chain of key products through price concessions, provide a stable source of demand for key products produced in the United States, and support key products The development of the local supply chain; increase the transparency and accountability of the “purchase of American goods” regulations, and strengthen laws and regulations that require contractors who purchase on behalf of the government to prove that the ingredients of the purchased products meet the procurement regulations. The current practice is only for the contractor to inform the government whether Standards compliant.
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