Retain Act
This bill requires an executive agency to give a contracting preference to an offeror that certifies it will retain jobs performed in the United States and use products substantially manufactured in, and services provided in, the United States for the contract.
To be eligible, an offeror shall certify that it:
An executive agency may except an offeror from such requirements if:
If an agency determines that a contractor has submitted a false statement or violated any of the certification requirements, it shall terminate the contract and the contractor may not receive the preference for at least five years.
The Federal Acquisition Regulation shall be revised to implement the requirements of this bill.