Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
Biden Signs Order Boosting Federal Spending on U.S. Products
Posted
January 25, 2021
Views
724
Likes
13
Comments
3
Engagement
2.21%
January 25, 2021
724
13
3
2.21%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
0:58Now PlayingPresident Joe Biden signed an executive order on Monday to boost federal agencies’ purchases of U.S. products, fulfilling a campaign pledge to lay out a “buy American” plan.
The order directs agencies to strengthen requirements so that they acquire more goods and services from U.S. companies and workers, according to administration officials. The agencies spend almost $600 billion through these contracts.
“I don’t buy for one second that the vitality of American manufacturing is a thing of the past,” Biden said before signing the order. “We are going to use taxpayers money to rebuild America.”
The new policy makes it harder for federal officials to obtain waivers to purchase products from overseas, addressing what the administration called were loopholes that allowed agencies to skirt existing requirements. It establishes a new position in the White House Office of Management and Budget to oversee the changes and forces agencies seeking a waiver to post them on a public website where U.S. companies can check if they could fill the contract.
Biden’s order also directs a federal panel to finalize changes within six months that would tighten standards defining American-made products to ensure they are manufactured with a higher percentage of U.S. components and labor, officials said.
The order is part of a slew of unilateral actions the president is expected to take this week to begin checking off campaign pledges and advance his agenda. During the 2020 race, Biden pledged to make a $400 billion investment in products and services from American workers.
Former President Donald Trump signed a buy-American-and-hire-American executive order in April 2017 aimed at boosting the wages of U.S. workers in part by imposing stricter enforcement of immigration laws.
Subscribe to our YouTube channel
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
