May 15, 2011
Main Points of the Buy American Requirements
The Buy American Requirement is a regulation implemented for contracts being funded by the American Recovery and Reinvestment Act. It applies to the construction, maintenance, alteration, or repair of a public building or public work. All of the manufactured goods, steel, and iron used for the project must be purchased in the United States. Certain waiver situations have been outlined, and if an agency determines that one of the circumstances applies it must be published in the Federal Register. The regulations may not apply to construction materials produced in certain “Recovery Act Designated Countries” depending on the value of the contract. Also, countries with trade agreements and least developed countries may be considered “domestic” when the pubic work exceeds $7.443M.
There are three waiver circumstances that can possibly exclude the enforcement of the regulation. The first circumstance is if there is not a large enough quantity of the necessary goods produced in the US or if the quality is not up to par. The second circumstance is if the cost of the project will be increase by more than 25% if the goods are purchased in the US. The third circumstance is if the interest of the public will be negatively affected if the preference of purchasing the domestic products is followed. Only one of the circumstances has to be followed in order for the exception to be utilized.
Opinion of the Buy American Requirements
I agree with the Buy American requirement because I feel that it helps build our manufacturing, industrial, and service base. In my opinion, this will help stimulate the American economy and increase jobs. It is a positive thing when we spend money in our communities and it circulates throughout the community. The reason for the regulation appears to put the control of American’s economic state in the hands of the American people in order to help boost the economy and send... [continues]
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(2011, 10). Buy American. StudyMode.com. Retrieved 10, 2011, from http://www.studymode.com/essays/Buy-American-821901.html
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"Buy American." StudyMode.com. 10, 2011. Accessed 10, 2011. http://www.studymode.com/essays/Buy-American-821901.html.