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What You Need to Know About the Buy American Act: Attend our CLE! - Business Law News

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Business Law News

Posted on: Feb 22, 2018

By Peter M. Elliott, Indiana Commercial Court

On April 18, 2017, President Trump signed the “Buy American, Hire American” executive Order, signaling a renewed emphasis on enforcement of the “Buy American Act”, a piece of legislation dating from the end of the Hoover Administration that mandates the federal government give preference to purchasing American-made products in government procurements. Shortly after, global firms such as Foxconn announced massive direct investment in creating manufacturing centers in the United States. This re-emphasis on American-made goods is not without consequences, especially for jurisdictions on America's borders.
In the globalized market place where an American-brand vehicle can contain parts from dozens of different countries, how can firms remain compliant when bidding for federal contracts? And what impact does the Trump Administration’s executive order have on the Trade Agreements Act of 1979, the legislation that allowed waiver of the Buy American Act under certain conditions?

Join the IndyBar-Business Law Section on March 7 for part one of its 2018 Business Law Skills Series, “Complying with the Buy American Act and Trade Agreements Act.” This CLE will address the requirements of the BAA and TAA and what companies need to know to ensure compliance with the statutes.

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