On March 4, 2022, President Biden announced “the biggest change in the Buy American Act [“BAA”] in 70 years”. Among other changes, it includes gradually raising the domestic content threshold between now and 2029 for a product to be considered made in America.
The primary purpose of the changes is “to increase the share of American-made content in a domestic end product or construction material.” Upon implementation of the final rule on October 25, 2022, one key change “increases the domestic content threshold from 55 percent to 60 percent. It also provides a schedule for future percentage increases to 65 percent for items delivered in calendar year 2024 and then to 75 percent in calendar year 2029.”
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