BUY AMERICA.

SEC. 337. BUY AMERICA. (a) Percentage Cost Limitation.—(1)(A) Effective October 1, 1989, section 165(b)(3) of the Surface Transportation Assistance Act of 1982 is amended by striking out “50” and inserting in lieu thereof “55”. (B) Effective October 1, 1991, section 165(b)(3) of the Surface Transportation Assistance Act of 1982 is amended by striking out “55” and inserting in lieu thereof “60”. (2)(A) Except as provided in subparagraph (B), the amendments made by subparagraphs (A) and (B) of paragraph (1) shall apply only to contracts entered into on or after their respective effective dates. (B) The amendments made by paragraph (1) shall not apply with respect to any supplier or contractor or any successor in interest or assignee which qualified under the provisions of section 165(b)(3) of the Surface Transportation Assistance Act of 1982 prior to the date of enactment of this Act under a contract entered into prior to April 1, 1992. (b) Subcomponents.—Section 165(b)(3) of the Surface Transportation Assistance Act of 1982 is amended by inserting “and subcomponents” after “components”. (c) Increase in Project Cost Exception.—Paragraph (4) of section 165(b) of the Surface Transportation Assistance Act of 1982 is amended by striking out “10 per centum” and all that follows through the period at the end of such section and inserting in lieu thereof “25 percent.”. (d) Exemption to Subsections (b) and (c).—The amendments made by subsections (b) and (c) of this section shall not apply to any contract awarded pursuant to bids which were outstanding on the date of enactment of this Act.