The $1.2 trillion bipartisan Infrastructure and Jobs Act (IIJA) included the “Build America, Buy America Act” which applies a domestic preference to all taxpayer-funded infrastructure projects. The Office of Management and Budget released new guidance on these rules on April 18th, 2022. The new guidelines are meant to assist federal agencies in the application of “Buy America” requirements and the waiver processes for all federally funded infrastructure projects and not just those funded by the IIJA. The requirements are currently set to be in effect starting May 14th.

Construction Official Says New Guidance will Undermine New Bipartisan Infrastructure Measure’s Benefits, Adds the Kind of Red Tape that Betrays Americans’ Confidence in Federal Spending

Construction employment exceeded pre-pandemic levels in 32 states in March, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said the government should support more career opportunities to enable people to work in the industry.

Prices of materials and services used in new nonresidential construction jumped more than 21 percent from March 2021 to March 2022, according to an analysis by the Associated General Contractors of America of government data released today. The association urged the Biden administration to relieve major cost pressures by removing the remaining tariffs on aluminum, steel, and Canadian lumber.

The U.S. and U.K. reached a Section 232 trade agreement which will lower tariffs on steel and aluminum imports from the UK. The agreement is based on a tariff-rate quota where the rate for steel (25%) and aluminum (10%) will be lowered to 0% until a quota has been reached, at which point the previous rate will set back in. This agreement will be effective June 1st, 2022.