Buy American

Definition

The Buy American Act (1933, updated by Build America Buy America Act 2021) requires the federal government to prefer domestic products in procurement. Applies when the end product is manufactured in the U.S. with >55% domestic components (rising to 75% by 2029). Waivers available for: non-availability, unreasonable cost (domestic price >20% higher, or >25% for small business), and public interest.