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Every Week Is Infrastructure Week: POTUS Requires All New Projects to Use American Steel and Iron

Every Week Is Infrastructure Week: POTUS Requires All New Projects to Use American Steel and Iron

Making good on another key campaign promise, President Joe Biden is focusing his attention on literally rebuilding America this week. The President announced a new mandate on Monday requiring all future infrastructure projects to use only American-made iron and steel.

The new guidance issued Monday by the Biden administration requires that the material purchased also be produced in the U.S., whether it’s for bridges, roads, water pipes, or broadband internet. The rules also set up a process to waive those requirements in case there aren’t enough domestic producers or the material costs too much, with the goal of depending less on imported and more expensive components.

It’s an important step is taking a key step toward ensuring that federal dollars will support U.S. manufacturing — issuing requirements for how projects funded by the $1 trillion bipartisan infrastructure package source their construction material.

President Biden’s goals are to create more jobs, ease supply chain strains and reduce the reliance on China and other nations with interests that diverge from America’s. The President also stressed that more domestic production will ultimately reduce price pressures in response to Republican attacks that his $1.9 trillion coronavirus relief package initially triggered higher prices. However, Vladimir Putin’s invasion of Ukraine and its impact on the global supply chain is also impacting the way Americans are spending their money these days.

American manufacturers are about 170,000 jobs short of the 12.8 million factory jobs held in 2019, as manufacturing jobs began to decline before the pandemic began. But the U.S. has 6.9 million fewer manufacturing jobs compared with the 1979 peak, a loss caused by outsourcing and automation.

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Getting more industrial jobs will likely mean adding even more factories and assembly lines as manufacturers are operating at a 78.7% capacity, which the Federal Reserve notes is above the historical average.

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