Buy American Restrictions

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Buy American Restrictions

A section of the American Recovery and Reinvestment Act prohibiting the use of most foreign iron, steel or manufactured items in projects sponsored by the Act. Proponents argued the restrictions were intended to stimulate American manufacturing and thereby to create American jobs. Critics contended they were inefficient and had the potential to incite retaliatory measures from other countries, which could have a net negative impact on the U.S. economy. See also: Trade War.
References in periodicals archive ?
WASHINGTON -- "Business Roundtable member CEOs commend President Obama for his opposition to the Buy American restrictions in the economic stimulus plan and share his concern that protectionist provisions in the legislation run a real risk of starting a global trade war that will undermine our economic recovery.
The House and Senate Buy American restrictions send the wrong message - at the worst possible time - to countries that buy products and services made by American companies and workers and to markets already nervous about rising barriers to trade and investment.
New Buy American restrictions won't help; they will only undermine our domestic economic recovery, and worse, send a strong signal to the rest of the world that isolationism and protectionism are now the right paths to follow.
NDIA has long opposed any additional Buy American restrictions for the defense and security industries.
The Defense Department has proposed eliminating Buy American restrictions on commercial IT products.
The Buy American restrictions have been a thorn in the side of IT vendors, since so many computer-related products and components are made overseas.