The Buy American Requirements Act was introduced with the aim of protecting businesses within the United States. There is a variety of requirements and prerequisites that are addressed in this specification. The congress is mandated with imposition regulations on federal and governmental purchases. Therefore, it is required that all the purchases made by the federal government be produced and synthesized within the United States (Dot.gov, 2014). Any purchase that surpasses three thousand dollars is bound by the Buy American Act. The Act also outlines that, for the imposition to occur, the purchase must comply with the interest of the public, be affordable as well as are to be used within the United States. According to the Act, all the acquisitions must be attributed to the components of the United States. The production cost of the acquired components must be related directly or indirectly to the United States government. The enactment of the Act was done in 1933 and there have been minor amendments since its introduction(Hughes, 1995). Various changes have been introduced in the Act to cater for domestic legislation preference.
Indirect purchases made with federal funds that are not directly related to the budget and purchase of the federal content are covered in the little buy American acts which are an extension of the Buy American Act. This law, attaches a domestic value to all purchases that are incurred in the department of transportation. Therefore, individuals, companies and organizations that are willing to invest in the transportation sector are subjected to the enforcement of this Act. The business of drone navigation systems is affected by the Buy American Act. According to the United States department
Inhaltsverzeichnis (Table of Contents)
- Specify the main points of the Buy American Requirements
- Benefits Buy American Requirements
- How Buy American Requirements contradict with capitalistic ethos
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This document explores the Buy American Requirements Act, its implications for businesses operating within the United States, and its potential contradictions with capitalist principles.
- The provisions and requirements of the Buy American Act.
- The benefits and drawbacks of the Buy American Requirements for businesses, particularly in the context of the drone navigation systems industry.
- The potential conflict between the Buy American Requirements and the principles of free market capitalism.
- The impact of the Buy American Requirements on the competitive landscape of the drone navigation systems industry.
- The role of the U.S. government in shaping the business environment through regulations and policies.
Zusammenfassung der Kapitel (Chapter Summaries)
Specify the main points of the Buy American Requirements
This chapter provides an overview of the Buy American Requirements Act, outlining its key provisions. The Act mandates that all purchases made by the federal government must be produced within the United States, with specific requirements regarding the origin and cost of components. The chapter also addresses extensions of the Act, including the "little Buy American Acts" that apply to transportation-related purchases.
Benefits Buy American Requirements
This chapter explores the benefits of the Buy American Requirements for businesses, particularly in the context of the drone navigation systems industry. The Act's requirement for U.S.-produced materials ensures a single supplier for all businesses, leading to potentially lower and more predictable costs. The chapter also discusses the potential impact on competition and the benefits for consumers.
How Buy American Requirements contradict with capitalistic ethos
This chapter examines the potential contradictions between the Buy American Requirements and the principles of capitalism. The Act's restrictions on sourcing materials from outside the United States may limit competition and hinder the free market. The chapter explores the implications of this potential conflict for businesses and consumers.
Schlüsselwörter (Keywords)
Buy American Requirements, Buy American Act, drone navigation systems, capitalism, free market, government regulation, competitive advantage, cost control, U.S. government, transportation infrastructure, domestic production, supplier costs, consumer benefits.
- Arbeit zitieren
- Dr Peterson Kelly (Autor:in), 2012, The Buy American Requirements Act, München, GRIN Verlag, https://www.hausarbeiten.de/document/280653
