Construction Legislative Week in Review
www.agc.org October 6, 2016
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On the Inside
2016 ELECTIONS
AGC Sends Letter in Support of Highway Trust Fund Fix to Trump and Clinton
FEDERAL CONTRACTING
AGC Provides More Information on Blacklisting Executive Order
WATER INFRASTRUCTURE
Urge Congress to Pass the Water Resources Development Act When They Return to DC in November
TAX / ACCOUNTING
AGC Members Write to Treasury on Family Business Stock Valuation Rules
AGC-Opposed 385 Regulations Move to OMB Review for Finalization
TWO WEEKS AWAY – Register for the AGC/CFMA Construction Financial Management Conference
Please Join a CBIZ & MHM Webinar: The 2016 Election – Key Races and the Expected Impact on the Construction Industry
Early Bird Extended for AGC Financial Issues Committee Winter Meeting
TRANSPORTATION
Book Your Hotel for the AGC Highway and Transportation Construction Conference
UTILITY INFRASTRUCTURE
New Sessions for the 2016 Utility Infrastructure Conference
2016 ELECTIONS
AGC Sends Letter in Support of Highway Trust Fund Fix to Trump and Clinton
Submit Questions for Sunday’s Debate
 

This week AGC, along with other leading business, labor, transportation and travel organizations, sent a letter to the Trump and Clinton campaigns asking them to address the long-term solvency of the Highway Trust Fund as a part of any new infrastructure proposal.  The letter was signed by 34 organizations that included many transportation and construction groups, along with the U.S. Chamber of Commerce, National Association of Manufacturers, National Retail Federation, U.S Travel and the Retail Industry Leaders of North America. The support of the broader business community is integral in building support for a Highway Trust Fund fix.

Both candidates have pledged to invest billions in infrastructure if they are elected President.  The intent of the letter is to ensure that they recognize that any real infrastructure package should include, as a foundation, a permanent fix for the Trust Fund.  You can help get this message to the candidates by submitting a question on this topic for Sunday’s next Presidential debate, where candidates will be asked questions submitted by the public.

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

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FEDERAL CONTRACTING
AGC Provides More Information on Blacklisting Executive Order
Monday, Oct. 17 | 2:00-3:30 p.m. EDT
 

Portions of the Fair Pay and Safe Workplaces (Blacklisting) Executive Order take effect on Oct. 25.  As such, AGC will host another complementary webinar for AGC members ($49 for non-members) on this Executive Order. Please join AGC’s Regulatory Counsel Jimmy Christianson and Smith Currie federal construction attorneys Doug Tabeling and Brian Wood for an in-depth presentation focusing on construction contractor’s labor law violation(s) that may give rise to defacto debarment or the need to enter labor compliance agreements. To register and for more information, click here.

This executive order requires both prime and subcontractors—who work directly for federal construction agencies—to report violations of 14 federal labor laws before contract award and again every six months after contract award, on federal contracts exceeding $500,000, among other things.

For more information, contact Jimmy Christianson at christiansonj@agc.org or (703) 837-5325. Return to Top

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WATER INFRASTRUCTURE
Urge Congress to Pass the Water Resources Development Act When They Return to DC in November
 

The House and Senate each passed their version of a multi-billion dollar WRDA bill that would collectively invest billions of dollars in municipal drinking water and wastewater projects and Army Corps of Engineers’ projects, including flood control and levees, locks, dams, harbor maintenance dredging and environmental restoration throughout the nation. However, the House and Senate have not conferenced the two bills, endangering their passage once Congress returns after the November elections. Contact your U.S. Representative and Senators and tell them why it is important to pass WRDA now and invest in critical infrastructure that improves our economy, protects American lives and grows your business.

For more information, contact Jordan Howard at jordan.howard@agc.org or (703) 837-5368. Return to Top

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TAX / ACCOUNTING
AGC Members Write to Treasury on Family Business Stock Valuation Rules
 

Over 730 family-owned AGC member companies signed a letter to Treasury Secretary Jacob Lew and key tax-writers in Congress requesting a complete withdraw of the proposed Section 2704 rules relating to minority shareholder discounts for estate tax purposes. AGC has prepared a formal comment letter that will be submitted to the Treasury Department before the public comment deadline in November.

Last week, Republican Senators sent a letter to Secretary Lew also requesting that the administration withdraw the flawed regulations. A public hearing is scheduled at the IRS on Dec. 1, and then the expectation is that Treasury will finalize the rule prior to the end of the Obama Administration in January. If finalized, it is highly likely that the rule will be challenged in the courts, where the likelihood of a successful challenge is high. AGC will evaluate the best course of action and at the appropriate time alert AGC members to the most effective way to impact changes to the proposed regulation.

For more information, contact Brian Lenihan at lenihanb@agc.org or (202) 547-4733. Return to Top

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AGC-Opposed 385 Regulations Move to OMB Review for Finalization
 

Republican Members of the House Ways and Means Committee wrote to Treasury Secretary Jacob Lew and Office of Management and Budget (OMB) Director Shaun Donovan reiterating their concern about the Obama Administration’s plans to move forward to finalize Section 385 regulations without providing an opportunity for dialogue with stakeholders. The letter came immediately after the Treasury Department submitted the final debt-equity regulations to the Office of Management and Budget for review on Sept. 30. The proposed regulations are now categorized as “economically significant” -- a change that likely will subject them to a higher level of scrutiny. For all “economically significant” regulations, agencies are to provide (among other things) a more detailed assessment of the likely benefits and costs of the regulatory action, as well as a similar analysis of potentially effective and reasonably feasible alternatives.

For more information, contact Brian Lenihan at lenihanb@agc.org or (202) 547-4733. Return to Top

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TWO WEEKS AWAY – Register for the AGC/CFMA Construction Financial Management Conference
 

Jointly sponsored by AGC and CFMA, the 20th Annual AGC/CFMA Construction Financial Management Conference will be held Oct. 19-21 at Caesars Palace in Las Vegas, Nevada. This three-day conference offers programs and workshops designed specifically for financial professionals in the construction industry. The 32 interactive sessions will cover the latest industry issues and their financial implications. Participants may earn up to 20 continuing professional education (CPE) credits. Register at meetings.agc.org/agc_cfma.

For more information, contact Brian Lenihan at lenihanb@agc.org or (202) 547-4733. Return to Top

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Please Join a CBIZ & MHM Webinar: The 2016 Election – Key Races and the Expected Impact on the Construction Industry
 

On October 25, CBIZ MHM will host a webinar with guest speakers from two of the most influential construction industry organizations: Brian Lenihan, Director of Tax & Fiscal Affairs for the Associated General Contractors of American and Chris Singerling, Senior Director Political Affairs for the Associated Builders & Contractors. Brian and Chris will provide their opinions and insight on key races and the expected impact on the construction industry post-election day.

For more information, contact Brian Lenihan at lenihanb@agc.org or (202) 547-4733. Return to Top

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Early Bird Extended for AGC Financial Issues Committee Winter Meeting
Register Now and Save: Early Bird Registration Ends October 28
 

The AGC Financial Issues Committee (FIC) will hold its Winter Meeting January 10-11, 2017 at Trump National Doral Miami. The Committee is geared toward member company CFOs, Controllers, Tax Directors and other senior accounting professionals – in which attendees have an opportunity to learn as well as formulate positions on tax and accounting matters that directly affect AGC member companies. Meetings center around discussions with FASB, practitioners, and financial officer breakout groups on topics including internal controls, project performance reviews and cybersecurity solutions. Attendees also have an opportunity to network and discuss a wide variety of topics, including: audit issues faced by construction companies; congressional action on tax policy; and an economic outlook for the industry.

For more information, contact Brian Lenihan at lenihanb@agc.org or (202) 547-4733. Return to Top

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TRANSPORTATION
Book Your Hotel for the AGC Highway and Transportation Construction Conference
Hotel Reservation Deadline: Tuesday, Oct. 11
 

The AGC Highway and Transportation Construction Conference will feature all the cutting edge subjects that will impact the highway and transportation market over the next several years. How will autonomous vehicles impact road construction? What’s the latest in machine guidance systems and other technology developments? Is your company safe from ransomware, hacking and other cyber threats?

Join your fellow highway, transit and bridge contractors and get up to date at the 2016 Highway and Transportation Construction Conference (formerly the Highway Contractors Conference) November 3-5, 2016 in Phoenix, Arizona at the JW Marriott Desert Ridge Resort.

For more information, visit meetings.agc.org/highway or contact Brian Deery at deeryb@agc.org or (703) 837-5319. Return to Top

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UTILITY INFRASTRUCTURE
New Sessions for the 2016 Utility Infrastructure Conference
October 27-28, 2016 | Atlanta, Georgia
 

At the 2016 AGC Utility Infrastructure Conference, come hear presentations on stationarity and sustainability in construction & engineering and the unique opportunities the future holds for a paradigm shift in the way we design and build infrastructure. Or you could prepare yourself and your company for new safety regulations on crystalline silica, OSHA recordkeeping, and increased OSHA penalties. You can also learn to protect you company by learning the steps you need to take to manage risk and liability after a utility damage on your jobsite.

The AGC UIC will bring together contractors, owners and key industry constituents involved in every aspect of utility and infrastructure construction. The day-and-a-half program focuses on the latest legislative and regulatory issues affecting the industry, technology and operation trends shaping the market, and updates on AGC’s efforts to fund infrastructure investment. This event is an opportunity to connect not only with fellow utility infrastructure contractors, but also with emerging construction leaders from across the country. This year’s conference will be co-located with the AGC CLC Leadership Development Conference, the top gathering for emerging construction leaders from across the country.

For more information, contact Scott Berry at berrys@agc.org or (703) 837-5321. Return to Top

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