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Biden Administration’s Approach to “Buy American” Will Harm Taxpayers

Heritage 2021.02.26
페이스북
On January 25, 2021, President Biden signed an executive order laying out the new Administration’s vision for “Buy American” policies, which include increasing regulations for government procurement to create jobs and expand the economy. These laws have proven to be costly regulatory burdens for businesses, reducing competition for government contracts and increasing costs to taxpayers. At the same time, the industries that Buy American laws attempt to benefit are not experiencing job growth. The Biden Administration’s Buy American plans are unlikely to yield different results than those of its predecessors. The Administration should halt its efforts to increase these regulations and focus instead on working with Congress to expand competition in federal procurement by eliminating Buy American rules.

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