Are you selling your products or services to the U.S. Government? If so, what does your compliance program look like? There are seven different elements that you should have in place in order to be confident that your compliance program can be effective.
The Buy American Statute (BAS) requires the U.S. Government to give a preference to U.S.-made goods over foreignmade goods in federal procurements.
The Trade Agreements Act (TAA) prohibits the U.S. Government from buying products and services from non TAA-eligible countries such as China. The TAA is applicable to all federal supply schedules.
Both acts are discussed in detail in the Federal Acquisition Regulation (FAR) Part 25, Foreign Acquisition.
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