Search Results for keywords:"Buy American statute"

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.

DoD, GSA, and NASA have issued a final rule to amend the Federal Acquisition Regulation (FAR) in order to implement an Executive Order that promotes the use of American-made goods in government procurement. This rule increases domestic content requirements for products, especially focusing on iron and steel, and raises the price preference for domestic goods from 6% to 20% for large businesses and from 12% to 30% for small businesses. Additionally, certain aspects of the Buy American statute are retained, such as waivers for Commercially Available Off-The-Shelf (COTS) items, although exceptions apply for products predominantly made of iron or steel. The rule is intended to boost economic growth, job creation, and national security by encouraging the use of U.S.-manufactured products.