S 2682 · 113th Congress · Transportation and Public Works
Made in the U.S.A. Act
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2014-07-29)
Plain Language Summary
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Made in the U.S.A. Act - Prohibits the head of a federal agency from obligating or expending funds or providing financial assistance for projects for the construction, alteration, maintenance, or repair of a public building or public work unless substantially all of the iron, steel, wood products, cement, and manufactured goods used in the project are produced in the United States (Buy American requirements). Authorizes the head of an agency to waive such prohibition in certain circumstances. Amends the Internal Revenue Code, with respect to the Build America Bond program, to: (1) extend permanently the authority to issue such bonds and the authority for payments to issuers of such bonds, (2) reduce the bond holder tax credit percentage, and (3) treat as bonds qualified for the tax credit any bond (or series of bonds) issued to refund a qualified bond if certain criteria are met. Revises Buy American requirements with respect to federal-aid highways, particularly the handling of waiver requests. Revises similar Buy American requirements with respect to public transportation and Amtrak, particularly rolling stock. Requires the cost of rolling stock components and subcomponents produ…
Summarized by Claude AI · Non-partisan · For informational purposes only