Construction Legislative Week in Review
www.agc.org February 22, 2018
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On the Inside
INFRASTRUCTURE
Congress Readies for Action on Infrastructure
MULTIEMPLOYER PENSIONS
Support Adoption of Multiemployer Pension Composite Plans
TRADE
Commerce Department Recommends Expansive Steel and Aluminum Tariffs
INFRASTRUCTURE
Congress Readies for Action on Infrastructure
Tell Congress to Invest in Infrastructure NOW
 

Congress will commence work on infrastructure legislation in early March, as the Senate and House have set hearings on the president’s infrastructure plan. And, as a part of the recent bipartisan budget agreement, lawmakers are considering spending $20 billion over the remainder of fiscal year 2018 and through fiscal year 2019. As such, it is critical that the construction industry lets Congress know that the time for infrastructure investment is now. Contact your U.S. representative and U.S. senators right now so that they understand that investing in and improving our nation’s infrastructure helps our nation prosper.

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

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MULTIEMPLOYER PENSIONS
Support Adoption of Multiemployer Pension Composite Plans
Tell Congress to Approve Composite Plans
 

Congress recently introduced the AGC-supported Giving Retirement Options to Workers Act (GROW Act), HR 4997.  As such, AGC urges you to support the bipartisan bill by contacting your U.S. representative and U.S. senators.  The bill would authorize the adoption of composite plans and strengthen the multiemployer pension system.

The legislation was jointly developed and supported by employer and labor organizations. The composite plan is a hybrid of a defined contribution and a defined benefit plan in that it shares risk, provides lifetime income to participants, and limits employer obligations to negotiated contributions. H.R. 4997 is a separate initiative from efforts to address the funding challenges of the PBGC and critically funded plans. AGC is encouraged by the bipartisan bill and will be calling for its swift consideration and enactment alongside our labor partners.

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

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TRADE
Commerce Department Recommends Expansive Steel and Aluminum Tariffs
 

On Feb. 16, the Commerce Department publicized its investigation into the national security threat posed by steel and aluminum imports. The report determines that the metal imports “threaten to impair the national security,” and lays out three recommendations for imposing tariffs and/or quotas on steel and aluminum imports. AGC will urge the president to consider the potential negative impact of such actions on the construction industry—which uses the materials in a broad array of project types—as he determines his response.

Commerce’s top-line recommendation is a 24 percent global tariff on all steel imports and a 7.7 percent tariff on all aluminum imports. The report also recommends that the Commerce Secretary oversee an appeals and exclusion process, whereby American companies can appeal for specific products to be excluded “if the U.S. lacks sufficient domestic capacity or for national security considerations.” 

The Commerce Department’s alternative recommendations can be found here, along with the full steel and aluminum reports.

Because the investigation was carried out under Section 232 of the Trade Expansion Act of 1962, President Trump has the authority to act without Congressional approval. He must implement or reject the steel recommendations by April 11 and the aluminum recommendations by April 19.

For more information, contact Collin Janich at collin.janich@agc.org or (703) 837-5435. Return to Top
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