Foreign Investment Still Welcome in the U.S. Despite Buy American Rules

Despite Buy American rhetoric and a trend toward heightened domestic content requirements in public works, there are still plenty of opportunities and incentives for foreign investment in American facilities and industries.

Over the course of the last two years, Congress has passed massive federal infrastructure spending bills in the form of the Infrastructure Investment and Jobs Act of 2021, the CHIPS & Science Act of 2022, and the Inflation Reduction Act of 2022 (IRA), which may represent $2 trillion of federal spending on infrastructure and clean energy production. The combination of federal spending and expanded tax credits for carbon capture, utilization and storage (CCUS) and clean energy production promise to unleash massive public and private investment in U.S. public works and privately-owned facilities.