Recent modifications to regulations and federal government acquisition policies portend big change for contractors across the US, and their suppliers around the world. We anticipate an increasingly complex legal terrain with respect to the Made in America laws which will undoubtedly affect the global supply chain. Are you prepared?
Breaking away from traditional political positions, former President Donald Trump and newly-inaugurated President Joe Biden each took steps in January 2021 to revise Buy American Act (BAA) requirements, which could have significant impacts on companies doing business with the US government. In this post first published on The Trade Practitioner, we take a detailed look at the Final Rule and President Biden’s Executive Order on “Ensuring The Future Is Made In All Of America By All Of America’s Workers”, and discuss what the changes could mean for companies doing business with the US government.
Note: On February 5, 2021, the Federal Acquisition Regulatory Council (the FAR Council) “corrected” the effective date of the Final Rule from January 21, 2021 to January 19, 2021.
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