New guidance being issued Monday will require material for projects like bridges, highways and broadband internet funded by last year’s infrastructure package be produced in the U.S. President Joe Biden hopes to create more jobs, ease supply chain strains
Highlights
- Biden to require US-made steel, iron for infrastructure for infrastructure projects.
- New guidance being issued Monday will require material for projects like bridges, highways and broadband internet funded by last year’s infrastructure package be produced in the U.S.
- Waivers can be granted if the material costs too much or cannot be sufficiently provided by domestic factories.
- President Joe Biden hopes to create more jobs, ease supply chain strains and reduce the reliance on China.
- He’s betting that more domestic production will ultimately reduce price pressures to blunt Republican attacks that his $1.9 trillion coronavirus relief package triggered higher prices to blunt GOP attacks on higher prices.