®: CRE Regulatory Action of the Week
Buy American Regulations
President Trump's Executive Order 13881 of July 15, 2019, is titled Maximizing Use of American-Made Goods, Products, and Materials. It calls for significant changes in two key aspects of the FAR rules on Federal Government Buy American preferences. First, the Executive Order proposes to change the decades-old standard for determining whether a product is "domestic" or "foreign" for purposes of the Buy American Act. Second, the Order instructs the FAR Council to consider increasing the price evaluation preference that domestic end products enjoy under the Buy American Act. The FAR Council is required to propose rules implementing the Order.
Click here to read the full Executive Order.