President Joe Biden is set to sign an executive order strengthening federal “buy American” requirements. The order explicitly emphasizes the importance Jones Act shipping – a rare presidential endorsement for the U.S. maritime sector within days of the start of the new administration.
The order will close loopholes that allow federal agencies to buy foreign-made products, strengthening domestic content requirements and price preference thresholds; creates a new position – Director of Made-in-America at the Office of Management and Budget (OMB) – to manage “buy American” compliance; cracks down on the use of waivers to evade these requirements; orders agencies to actively seek out and connect with small and midsize domestic suppliers; and directs a government-wide review of every agency’s compliance with “buy American” rules.
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