Biden: 'We Are Going to Use Taxpayers Money to Rebuild America'

President Joe Biden signed an executive order Monday to boost government buying from U.S. manufacturers.

The executive order is among a flurry of moves by Biden during his first full week to publicly show he's taking swift action to heal an ailing economy.

Biden’s order would modify the rules for the Buy American program, making it harder for contractors to qualify for a waiver and sell foreign-made goods to federal agencies.

It also changes rules so that more of a manufactured good’s components must originate from U.S. factories. America-made goods would also be protected by an increase in the government’s threshold and price preferences, the difference in price over which the government can buy a foreign product.

It's an order that channels Biden's own blue-collar persona and his promise to use the government's market power to support its industrial base, an initiative that former President Donald Trump also attempted with executive actions and import taxes.

While Fmr. President Trump also issued a series of executive actions and tariffs with the goal of boosting manufacturing, he didn't attempt to rewrite the guidance for what constitutes a U.S.-made component or tighten the process for granting exemptions to buy foreign goods, a key difference from Biden’s agenda, Biden's administration said.

The order also has elements that apply to the separate Buy America program that applies to highways and bridges. It aims to open up government procurement contracts to new companies by scouting potential contractors.

The order would create a public website for companies that received waivers to sell foreign goods to the government, so that U.S. manufacturers can have more information and be in a more competitive position.

Past presidents have promised to revitalize manufacturing as a source of job growth and achieved mixed results. The government helped save the automotive sector after the 2008 financial crisis, but the number of factory jobs has been steadily shrinking over the course of four decades.

The number of U.S. manufacturing jobs peaked in 1979 at 19.5 million and now totals 12.3 million, according to the Labor Department.

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