The plan will encourage federal agencies to buy more U.S. goods.
President Joe Biden signed an executive order on Monday that will strengthen the rules surrounding government procurement in a bid to shore up domestic manufacturing and encourage the federal government to buy more products made in the United States. “Under the previous administration, federal government contracts awarded directly to foreign companies went up 30%.” Biden said. “That’s going to change on our watch.” $600 billion. That’s how much the federal government spends on procurement contracts each year. During his prepared remarks on Monday, Biden said the executive order will also replace the vehicles owned by the federal government with clean electric vehicles produced in the United States.
