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Code · BILL · 117th Congress · H.R. 4413 (Introduced in House) — To facilitate efficient investments and financing of infrastructure projects and new job creation through the establi... · Sec. 12

Sec. 12. Domestic content statutes

303 words·~1 min read·/bill/117/hr/4413/ih/section-12·

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The financing provided for an infrastructure project shall be in accordance with the following statutory provisions of the United States Code under the jurisdiction of the Department of Transportation, as applicable to the project: Section 24305 of title 49, United States Code. Section 313 of title 23, United States Code. Section 5323(j) of title 49, United States Code. Section 24405 of title 49, United States Code. Sections 50101 and 50105 of title 49, United States Code. For any infrastructure project financed under this Act that is not covered under subsection (a), the following requirements shall apply:
No amount loaned or guaranteed 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. Paragraph
(1)shall not apply in any case or category of cases in which the Secretary of the Treasury finds that— applying paragraph
(1)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 paragraph
(1)based on a finding under paragraph (2), 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 Board may consult with the Secretary of Transportation and other Federal Secretaries and Administrators when applying this section.
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