Buy American Clause - Why It’s Not as Great as it Sounds
February 5th, 2009
There is a “Buy American” clause in the stimulus package currently being debated by Congress. Both the $819 billion stimulus bill passed by the House last week and the Senate version currently being debated require that any projects in the stimulus package use U.S.-made iron and steel. The Senate bill just softened a provision that would have required all manufactured goods used in the projects be U.S.-made. It now matches the House bill only including iron and steel.
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