Buy American Act study and report

(a) In general The Secretary of Housing and Urban Development shall conduct a study of— (1) the impacts of the Build America, Buy America Act (title IV of division G of Public Law 117–58; 42 U.S.C. 8301 note) and its implementation on grantees, subgrantees, builders, developers, and contractors using covered programs to build affordable housing, including— (A) the direct costs of procuring materials for federally assisted housing projects; (B) the indirect costs associated with compliance, including any increased administrative costs, costs incurred while pursuing a waiver, and costs of consultants or other labor required to deal with increased administrative costs; (C) the costs of delays associated with compliance; and (D) the costs associated with any housing projects left incomplete as a result of compliance, and the number of units not built as a result of compliance; and (2) the Build America, Buy America Act (title IV of division G of Public Law 117–58; 42 U.S.C. 8301 note) waiver process with respect to covered programs, including— (A) the Department of Housing and Urban Development’s processes and policies for reviewing waivers; (B) the amount of time it takes the Department of Housing and Urban Development to process waivers; (C) the number of waivers granted for housing projects; (D) the extent to which general public interest waivers are utilized currently and whether issuing additional general public interest waivers could reduce costs; (E) the effectiveness of the de minimis general waiver; and (F) the materials or products most often subject to requests for waivers. (b) Report The Secretary of Housing and Urban Development shall, not later than 90 days after completing the study required under subsection (a), submit a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate containing all findings and contents of the study required under subsection (a).