The American Jobs Act has the section to create jobs in the United States. President Obama repeatedly emphasized the importance of having goods made in the States.
The American Jobs Act has a section that sets the term for the purchase of American goods by the government. The American Recovery and Reinvestment Act of 2009 passed the legislature on Feb 17, 2009.
Under the Obama administration, the US trade balance improved dramatically.
A report by the Economic Policy Institute says the US has lost 1.9 million jobs has been displaced or eliminated due to the US-China trade imbalance. In 2010, the trade deficit with China amounts to $278 billion which eliminated or displaced 2,790,100 jobs or 2% of the total employment.
I want to see more products sold around the world stamped with the three proud words: “Made in America." (President Obama)
The American Jobs Act has a section that sets the term for the purchase of American goods by the government. The American Recovery and Reinvestment Act of 2009 passed the legislature on Feb 17, 2009.
SEC. 231. BUY AMERICAN.
Section 1605 of division A of the American Recovery and Reinvestment Act of 2009 (P.L. 111-5) applies to funds made available under this title.
SEC. 1605. USE OF AMERICAN IRON, STEEL, AND MANUFACTURED GOODS. (a) None of the funds appropriated or otherwise made available by this Act may be used for a project for the construction, alteration, maintenance, or repair of a public building or public work unless all of the iron, steel, and manufactured goods used in the project are produced in the United States. (b) Subsection (a) shall not apply in any case or category of cases in which the head of the Federal department or agency involved finds that. (1) applying subsection (a) would be inconsistent with the public interest; (2) iron, steel, and the relevant manufactured goods are not produced in the United States in sufficient and reasonably available quantities and of a satisfactory quality; or (3) inclusion of iron, steel, and manufactured goods produced in the United States will increase the cost of the overall project by more than 25 percent. (c) If the head of a Federal department or agency determines that it is necessary to waive the application of subsection (a) based on a finding under subsection (b), the head of the department or agency shall publish in the Federal Register a detailed written justification as to why the provision is being waived. (d) This section shall be applied in a manner consistent with United States obligations under international agreements.
Under the Obama administration, the US trade balance improved dramatically.
A report by the Economic Policy Institute says the US has lost 1.9 million jobs has been displaced or eliminated due to the US-China trade imbalance. In 2010, the trade deficit with China amounts to $278 billion which eliminated or displaced 2,790,100 jobs or 2% of the total employment.