Biden Signs “Buy American” Executive Order

Biden signs “Buy American” executive order. US President Bideni signed a decree that would ensure the use of American products and that the resources of the federal government were directed to local products.

Biden signs "Buy American" executive order. New President Joe Biden, who took office on January 20, has signed many decrees since his arrival. Finally, Biden signed a decree that would provide support to local producers, businesses and workers within the framework of one of the election promises "Buy American". With the decree, it was guaranteed that federal government spending would direct American-made products produced by American workers, and the gaps that caused companies to turn to overseas production instead of local production were closed. While it is pointed out that federal government resources are a very important tool to support American workers and producers, it is reported that federal contracts alone have increased to $ 600 billion.   What is Changed by the Decree?

• Encourage organizations to close current gaps in how local products are calculated and increased local product quotas.
• Appointment of a new senior leader to the Presidential Executive Office who will be responsible for production policy in the United States.
• Increasing control over unnecessary exemptions in local production law.
• Institutions taking an intermediary role to create new contract opportunities between the business sector and local producers.
• Strong support of the Jones Act, which allows only US flagged ships to ship between US ports.
• Companies that benefit from local production law are subject to cross-checking by different organizations.

Before Biden signed the decree, said, “30 percent of federal government contracts in the previous administration were awarded to foreign companies. In our administration, this will change. " He pointed out that small businesses and manufacturers will gain importance. Stating that they will invest billions of dollars to buy American products within the scope of the recovery program, Biden said that they will also modernize the infrastructure, said, "This is the creation of millions of well-paid jobs, the use of American steel, the rebuilding of roads, bridges and ports, the use of American technology, and all of them are climatic. means to be sustainable. "