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Code · BILL · 116th Congress · H.R. 658 (Introduced in House) — To facilitate efficient investments and financing of infrastructure projects and new job creation through the establi... · Sec. 15

Sec. 15. Use of iron, steel, and manufactured goods in infrastructure projects

217 words·~1 min read·/bill/116/hr/658/ih/section-15·

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None of the financing provided for by the Bank may be used for a public infrastructure project unless all of the iron, steel, and manufactured goods used for the construction, alteration, maintenance or repair of the project are produced in the United States. Subsection
(a)shall not apply in any case or category of cases in which the Secretary of the Treasury finds that— applying subsection
(a)would be inconsistent with the public interest; iron, steel, and the relevant manufactured goods are not produced in the United States in sufficient and reasonably available quantities and of a satisfactory quality; or inclusion of iron, steel, and manufactured goods produced in the United States will increase the cost of the overall infrastructure project by more than 25 percent. If the Secretary of the Treasury determines that it is necessary to waive the application of subsection
(a)based on a finding under subsection (b), the Treasury Secretary shall publish in the Federal Register a detailed written justification as to why the provision is being waived. This section shall be applied in a manner consistent with the United States obligations under international agreements. The Secretary of the Treasury shall consult with the Board and may consult with the Secretary of Transportation and other Federal Secretaries and Administrators when applying this section.
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