Texas House takes up 'Buy American' bill
Posted 4/2/2013 3:24:00 PM

Some construction company chiefs think “Buy American” legislation at the Texas Capitol is not best for business in a global economic climate and harks back to gloomy days of protectionism.

House Bill 558 — dubbed the Buy American bill — filed by State Rep. Yvonne Davis, D-Dallas, would mandate that iron, steel and manufactured goods used for certain state or state-aided construction projects be produced in the U.S. Such a proposal, opponents point claim, sounds good but fails to acknowledge the current realities of the construction market.

“Well-intentioned ‘Buy American’ measures have unintended costs, consequences and liabilities,” said consultant Perry Fowler, who represents companies building water and wastewater plants. “This won’t level the playing field for U.S. companies who stand to benefit more from selling their goods across the U.S. and abroad.”

Click to read more

Posted By: Producer Thomas  

Leave a comment:

· Subscribe to comments
Be the first to comment here.
- advertisement -
- advertisement -
- advertisement -