Stimulus bill passed by Parliament last night, contains a controversial provision that bars most foreign steel and iron from infrastructure projects has been prepared by $ 819 billion economic package. A Senate version, but for responding to go a step further, requiring, with few exceptions, all the stimulus-funded projects use only American-made equipment and products. Proponents of expanding the "Buy American" provisions adopted during the Great Depression, including iron and steel manufacturers and labor-intensive intensive trade unions, argue that this is the only way to ensure that the stimulus to create jobs at home and abroad.
Opponents, including some of the biggest blue-chip names in Norwegian industry, says that it is equivalent to a declaration of war on free trade. If they say, could spark revenge from abroad against U.S. companies and that the global economic crisis. These provisions meet President Obama on his first test on the trade.
The plans dealt with by Congress, but will strengthen and expand the existing preference for U.S. companies. The provision passed the evening was introduced by Rep. Peter J. Visclosky (D-Ind.) and had won unanimous bipartisan support in committee. Among the few exceptions, the use of U.S. steel or iron would be necessary to increase the cost of a project with 25 percent, so that a foreign compensation - much stricter than current regulations. House Bill also contained a provision that the uniforms and other textiles used by the Transportation Security Administration to be 100 percent American-made. In the Senate, Byron L. Dorgan (DN.D.), suggests a much broader measure that excludes the majority of foreign finished again with a few exceptions. In an interview Visclosky said he would be inclined to accept a broader Senate proposal that the two houses seek to compromise with the final language of the bill.
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