(Washington) US President Joe Biden is drawing up his long-term promise to enforce the protected provisions of the American Act.
Posted 1:53 pm
This clamp also increases the need for “national content” in federal infrastructure projects, a threshold that will increase from 55% today to 75% by 2029.
Mr Biden and industrial giant Siemens on Friday announced a $ 54 million project to boost key power infrastructure production.
Biden Administration’s strategy also allows the government to use a new preferential pricing policy that encourages growth in US supplies for critical products and components.
Mr. Biden was a key figure in his campaign for the presidency, as well as his first year in the White House, where he strictly enforced long-standing By-American rules.
His administration says efforts have already paid off in a range of industries, with companies expanding their operations in the United States in line with the new framework.