Construction Legislative Week in Review
www.agc.org December 13, 2012
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On the Inside
FISCAL CLIFF
AGC Delivers Fiscal Cliff Concerns to President and Congressional Leaders
INFRASTRUCTURE FUNDING
Senate Introduces Sandy Emergency Spending Bill
CONGRESS
New House Republican Transportation Members Named
AGC EVENTS
Register Now for AGC’s Winter Financial Issues Forum
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FISCAL CLIFF
AGC Delivers Fiscal Cliff Concerns to President and Congressional Leaders
 

With just over two weeks before we go over the fiscal cliff, Congressional leaders and the White House appear no closer to reaching a deal.  Although House Speaker John Boehner and President Obama met earlier this week – and plan to meet again this evening –  members of Congress are now preparing to work up to – and possibly after – Christmas in an attempt to resolve the outstanding fiscal cliff issues prior to Jan. 1, 2012. 

Failure to address the fiscal cliff is already having an impact on the construction industry, according the nearly 600 AGC members who responded to our nationwide survey.  AGC shared the results of this survey and our concerns about the impact of the fiscal cliff and the potential of a $6 billion reduction in construction spending due to sequestration in a letter to President Obama and House and Senate Congressional leaders.  The letter urges action on a tax and spending reform package before the end of 2012. If an agreement cannot be reached, AGC encourages Congress and the administration to provide the construction industry with a small level of certainty by extending all tax policies for one year and delay sequestration cuts. 

AGC will continue to communicate the impact of congressional and presidential inaction on our looming fiscal crisis.

For more information, please contact Jeff Shoaf at (202) 547-3350 or shoafj@agc.org. Return to Top

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INFRASTRUCTURE FUNDING
Senate Introduces Sandy Emergency Spending Bill
 

This week, the Senate followed the White House’s request for $60.4 billion in emergency spending in response to the damages caused by Hurricane Sandy.  The Senate bill, the Fiscal Year 2012 Disaster Assistance Supplemental, provides the same level of funding as the President’s request, but makes some changes that expand the scope of the bill beyond direct relief from Sandy.

Funding important to AGC members includes:

Community Development Block Grants (CDBG) - $17 billion for disaster relief, long-term recovery, restoration of infrastructure and housing, and economic revitalization.  Two billion dollars shall be used for mitigation of future risk.

Emergency Relief for Public Transportation - $10.783 billion for the repair and restoration of public transit systems and to support mitigation projects to protect those systems from future damage.

Federal Highway Administration Emergency Relief Program - $921 million for the repair of roads and bridges.

Army Corps of Engineers - $5.350 billion

  • Disaster Recovery - $1.838 billion
    • $1.008 billion for Flood Control and Emergency needs to restore projects to their design profiles rather than the pre=storm conditions.
    • $821 million for Operation and Maintenance needs
    • $9 million in construction to repair damages under way at the time of Sandy
  • Mitigation - $3.512 billion
    • $3.452 for construction needs
    • $50 million to conduct studies
    • $10 million for the Corps to manage the work

Clean and Drinking Water State Revolving Fund Programs - $810 million for clean water and drinking water state revolving funds in states affected by Sandy, including $700 million for clean water and $110 million for drinking water needs.

Senate Majority Leader Harry Reid (D-Nev.) announced this afternoon that the Senate will begin consideration of the supplemental on Monday, Dec. 17.   It is unclear what will happen in the House, as a bill for Sandy relief will face greater scrutiny over spending levels.  AGC will continue to monitor the situation and advocate for swift enactment of legislation that will provide the affected states the ability to rebuild their infrastructure.

For more information, please contact Sean O’Neill at (703) 837-5325 or oneills@agc.org Return to Top

CONGRESS
New House Republican Transportation Members Named
 

Republicans on the House Transportation and Infrastructure Committee named ten new members to the committee this week.  The committee currently has 32 Republican members, with the possibility that one additional member may be added.

The new committee members include nine incoming freshman and one sophomore.  The freshman are Representatives Steve Daines (Mont.), Rodney Davis (Ill.), Thomas Massie (Ky.), Mark Meadows (N.C.), Markwayne Mullin (Okla.), Scott Perry (Pa.), Trey Radel (Fla.), Tom Rice (S.C.),and Roger Williams (Texas).  The new sophomore member is Representative Daniel Webster (Fla.).  The Democratic party has not yet filled their nine vacancies.

AGC looks forward to working with the new members of the Transportation and Infrastructure Committee in the 113th Congress.

For more information, please contact Sean O’Neill at (202) 547-8892 or oneills@agc.org
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AGC EVENTS
Register Now for AGC’s Winter Financial Issues Forum
Jan. 10-11, 2013 | Scottsdale, Arizona
 

The AGC Financial Issues Forum will hold their winter meeting Jan. 10-11, 2013 in Scottsdale, Arizona at Hotel Valley Ho.  At this meeting, attendees will discuss numerous topics, including: the legislative and political landscape including the plans for comprehensive tax reform, an update of Federal Accounting Standards Board (FASB) activities, and a discussion on evolving construction tax issues.

To register for the meeting and for more information on hotel accommodations, airport information and more, please click here

For more information, please contact Jeff Shoaf at (202) 547-3350 or shoafj@agc.org. Return to Top

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