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WASHINGTON – Sen. John Kennedy (R-La.) today introduced the Returning American Manufacturing Potential (RAMP) Act to bolster domestic manufacturing and support American companies.
The legislation expands on The Buy American Act of 1993, which requires the federal government to prefer domestic articles, materials and supplies in its purchases.
“Choosing foreign manufacturing over American kills jobs and hurts U.S. job creators. The RAMP act ensures that buying American-made products is our first choice, not our last,” said Kennedy.
The RAMP Act requires that at least 60 percent of the value of the components of products that the federal government purchases be made in the U.S. The current requirement is that only 55 percent of the components’ value come from American-made resources.
Under the bill, the requirement will increase to 65 percent by 2024 and 75 percent by 2029. Additionally, the bill establishes price preferences for domestic goods that the federal government designates as critical to U.S. supply chains.
Text of the legislation is available here.
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