Free and Fair Trade in Procurement Act

[AI summary unavailable — showing source text] Free and Fair Trade in Procurement Act - States the purposes of this Act to be to provide preference for domestic goods in government procurement with Federal funds, and to provide an additional preference for such procurement over foreign goods not freely and fairly traded. Defines "domestic article" for purposes of this Act to be any final good delivered to the government of which at least 75 percent of the total cost is attributable to United States sources. Includes within the definition of "Federal agency" for purposes of this Act AMTRAK and Conrail. Requires that domestic articles and materials be purchased for (1) procurements by Federal agencies or with Federal funds; (2) public buildings or public works involving Federal funds; and (3) State and local procurements at least 50 percent of which are federally funded. Allows for exceptions to such preference if the domestic product can not be obtained in sufficient quantity or quality, or if the cost of such product is excessive. Directs that no product may be procured with Federal funds from nonmembers or violators of an international government code to which the United States is a party. Allows for exceptions to such prefere…