Construction Legislative Week in Review
www.agc.org September 13, 2012
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On the Inside
BUDGET
House Passes Legislation to Fund the Government Through March 2013
LABOR
Newly Released Construction Multiemployer Pension Plan Inventory Supports AGC Lobbying Efforts
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BUDGET
House Passes Legislation to Fund the Government Through March 2013
 

The House passed a continuing resolution (CR) for FY 2013 by a vote of 329-91 that would largely hold government spending at levels set in 2012. The $1.047 trillion spending measure would fund the government through March 27, 2013.  The Senate is expected to take up and pass the CR this week.

By providing regular discretionary accounts equal to the annualized amount they received in FY 2012, plus .612, the CR will not have a significant impact on the funding levels for most federal construction accounts. The CR’s most direct impact on the construction industry is the general prohibition on federal agencies from beginning work on new and necessary projects and the underfunding of highway and transit investments providing in MAP-21.

The AGC-led Transportation Construction Coalition sent a letter to the House and Senate expressing our disappointment with transportation funding and we have begun our effort to push Congress to recognize the impact of short term funding bills on new start projects and the certainty needed to build confidence in federal construction. 

For more information, please contact Sean O’Neill at (202) 547-8892 or oneills@agc.org. Return to Top

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LABOR
Newly Released Construction Multiemployer Pension Plan Inventory Supports AGC Lobbying Efforts
 

A report was recently released by the Mechanical Contractors Association of America (MCAA) and Horizon Actuarial Services, which contains an inventory of historical data for all multiemployer pension plans in the construction industry (not just mechanical trades).  The report explains how the funding shortfalls in construction-industry multiemployer pension plans cannot be easily corrected by only increasing contribution rates. The report supports efforts by AGC, MCAA and others in the industry working together to educate Congress about the need for legislative reforms in laws governing multiemployer pension plans. To read more about the report and for a copy of the Inventory of Construction Industry Pension Plans, 2012 Edition, click here.

For more information, please contact Jim Young at (202) 547-0133 or youngj@agc.org. Return to Top

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