The Buy American Requirements Act was introduced with the aim of protecting businesses within the United States. There is a variety of requirements and prerequisites that are addressed in this specification. The congress is mandated with imposition regulations on federal and governmental purchases. Therefore, it is required that all the purchases made by the federal government be produced and synthesized within the United States (Dot.gov, 2014). Any purchase that surpasses three thousand dollars is bound by the Buy American Act. The Act also outlines that, for the imposition to occur, the purchase must comply with the interest of the public, be affordable as well as are to be used within the United States. According to the Act, all the acquisitions must be attributed to the components of the United States. The production cost of the acquired components must be related directly or indirectly to the United States government. The enactment of the Act was done in 1933 and there have been minor amendments since its introduction(Hughes, 1995). Various changes have been introduced in the Act to cater for domestic legislation preference.
Indirect purchases made with federal funds that are not directly related to the budget and purchase of the federal content are covered in the little buy American acts which are an extension of the Buy American Act. This law, attaches a domestic value to all purchases that are incurred in the department of transportation. Therefore, individuals, companies and organizations that are willing to invest in the transportation sector are subjected to the enforcement of this Act. The business of drone navigation systems is affected by the Buy American Act. According to the United States department
Inhaltsverzeichnis
- Buy American Requirements
- Benefits Buy American Requirements
- How Buy American Requirements contradict with capitalistic ethos
- Conclusion
- Literaturverzeichnis
Zielsetzung und Themenschwerpunkte
This paper examines the Buy American Requirements Act, a legislation designed to protect American businesses by mandating federal purchases of goods and services produced within the United States. The paper explores the key provisions of the Act, its intended benefits, and potential contradictions with the principles of capitalism.
- The Buy American Requirements Act and its provisions
- The benefits of the Buy American Requirements Act for American businesses
- The potential contradictions between the Buy American Requirements Act and the principles of capitalism
- The impact of the Buy American Requirements Act on the drone navigation industry
- The role of the federal government in promoting and protecting American businesses
Zusammenfassung der Kapitel
- Buy American Requirements: This chapter outlines the main points of the Buy American Requirements Act, including its history, purpose, and key provisions. It discusses the requirement for federal purchases to be made from American-made products, the exceptions to this rule, and the impact of the Act on various industries, including the drone navigation industry.
- Benefits Buy American Requirements: This chapter examines the potential benefits of the Buy American Requirements Act for American businesses. It discusses how the Act can create a level playing field for American companies by ensuring that they have access to the same raw materials at the same cost. It also explores how the Act can promote innovation and job creation in the United States.
Schlüsselwörter
The keywords and focus themes of the text include Buy American Requirements, federal procurement, domestic production, American businesses, capitalism, free trade, protectionism, drone navigation systems, transportation infrastructure, and economic development.
- Citar trabajo
- Dr Peterson Kelly (Autor), 2012, The Buy American Requirements Act, Múnich, GRIN Verlag, https://www.grin.com/document/280653
-
-
-
-
¡Carge sus propios textos! Gane dinero y un iPhone X. -
-
¡Carge sus propios textos! Gane dinero y un iPhone X. -
-
¡Carge sus propios textos! Gane dinero y un iPhone X. -
-
¡Carge sus propios textos! Gane dinero y un iPhone X. -
-
¡Carge sus propios textos! Gane dinero y un iPhone X.