What Contractors Should Know About the Build America, Buy America Act
This post is part of a series sponsored by IAT Insurance Group.
Battling back from the Great Depression, the Hoover administration passed the “Buy American Act” in 1933. The basic premise of the law was self-evident — to revive and bolster the U.S. economy by requiring U.S.-sourced iron and steel mined or produced in the United States to be used in projects for the federal government.
In 1982 Congress passed the “Buy America Act,” which for the first time expanded the requirement