Buy America? New Guidance Issued on Domestic Procurement
On April 18, Director Shalanda Young of the Office of Management and Budget (OMB) released a memorandum addressed to the heads of executive departments and agencies regarding the issuance of new domestic content and production requirements for all projects receiving federal funding assistance. New Buy America guidance goes into effect on May 14, and it will bring strict requirements to all infrastructure related federal projects. This announcement is the latest of the Biden administration’s historic investments in critical public utilities, resources, and infrastructure, and aligns itself with the administration’s goals to reduce reliance on foreign imports.