Search Results for keywords:"Federal Acquisition Circular 2021-04"

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Search Results: keywords:"Federal Acquisition Circular 2021-04"

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  • 2021-00708 — Federal Acquisition Regulation; Federal Acquisition Circular 2021-04; Introduction
    Type:Rule
    Citation:86 FR 6180
    Reading Time:about 2 minutes

    The Department of Defense, General Services Administration, and National Aeronautics and Space Administration have issued a final rule as part of the Federal Acquisition Circular 2021-04. This rule changes the Federal Acquisition Regulation to increase the preference for using American-made goods. The domestic content requirement for iron and steel will go up to 95%, while other products and materials will increase to 55%. The aim is to encourage economic growth and job creation by decreasing reliance on foreign-sourced content.

    Simple Explanation

    The U.S. government wants to use more things made in America. They've decided to buy more American-made products, like iron, steel, and other materials, to help people in America get more jobs and be happier.

  • 2021-00711 — Federal Acquisition Regulation; Federal Acquisition Circular 2021-04; Small Entity Compliance Guide
    Type:Rule
    Citation:86 FR 6194
    Reading Time:about 2 minutes

    The Department of Defense, General Services Administration, and NASA have released a Small Entity Compliance Guide summarizing a new rule from the Federal Acquisition Circular 2021-04. This rule amends the Federal Acquisition Regulation to increase the domestic content requirements and price evaluation preferences for American-made goods under the Buy American statute. The changes aim to boost economic and national security by reducing foreign content in U.S. manufactured products. Even though the rules increase the requirements, they are not expected to significantly impact a large number of small businesses.

    Simple Explanation

    The government wants more stuff made in America, so they changed some rules to make sure people buy more American-made things and use fewer parts from other countries. They don't think these changes will cause big problems for small businesses.