Construction Legislative Week in Review
www.agc.org January 16, 2019
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On the Inside
Government Funding
House Passes Disaster-Aid Funding Bill
Environment
Confirmation Process for EPA Administrator Begins
Finance
AGC Financial Issues Committee Winter Meeting Recap
Events
AGC In-House Environmental Managers Meeting | February 20, 2019 | Arlington, VA
Government Funding
House Passes Disaster-Aid Funding Bill
Includes $7 Billion for Infrastructure; May Wait Until Shutdown ends
 
On Jan. 16, the House passed—on a mostly party line 237-137 vote—an AGC-supported emergency funding bill to help communities rebuild from last year’s natural disasters, including Hurricanes Florence and Michael, the California wildfires, the volcanic eruptions in Hawaii and earthquake in Alaska.  The bill provides about $7 billion in disaster-aid funding for federal construction accounts, including over $1 billion for Federal-aid highway emergency funding and nearly $1 billion for EPA’s State Revolving Funds for Clean Water and Drinking Water construction projects. AGC’s initial breakdown of the disaster-aid funding allocations can be found here.
 
House Democrats attached a “poison pill” amendment that would temporarily reopen portions of the government currently shutdown until February 8.  This strategy is a non-starter with Congressional Republicans and President Trump. Therefore, disaster funding will likely wait until an agreement on the government shutdown is reached.
 
For more information, contact Sean O’Neill at oneills@agc.org or (202) 547-8892.
 
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Environment
Confirmation Process for EPA Administrator Begins
 
On January 16, U.S. Environmental Protection Agency Acting Administrator Andrew Wheeler fielded questions from senators in a confirmation hearing at the U.S. Senate Environment and Public Works Committee.  Federal jurisdiction of waters of the United States (WOTUS) and the renewable fuel standard remained top priorities for several Republican senators. Although Democratic senators highlighted the partial government shutdown during the hearing, they also almost uniformly questioned Mr. Wheeler on the Administration’s climate change policy.  A vote on Mr. Wheeler’s nomination will likely not happen before February.
 
For more information, contact Melinda Tomaino at tomainom@agc.org
 
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Finance
AGC Financial Issues Committee Winter Meeting Recap
 
On January 10-11, construction company CFO’s and other senior accounting and tax professionals attended the AGC Financial Issues Committee (FIC) Winter Meeting in Miami, FL. Committee members heard a legislative update from Rep. Earl Blumenauer (D-Oregon), and discussed the tax reform legislation its impact on the 2019 tax filing season for the construction industry.
 
The group also heard a presentation from K.P. Reddy, founder of a venture capital fund focused on emerging technologies, many of which are in construction; received an update on the implementation of new accounting standards from the Financial Accounting Standards Board (FASB); and heard from AGC Chief Economist Ken Simonson about the economic outlook for construction.
 
The FIC Summer 2019 Meeting will be held June 10-11 at the Ritz-Carlton in Washington, DC. Meeting and hotel information will be circulated in the coming months.
 
For more information, contact Matt Turkstra at matt.turkstra@agc.org or (202) 547-4733.
 
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Events
AGC In-House Environmental Managers Meeting | February 20, 2019 | Arlington, VA
 
Are you an environmental professional working at a general construction firm? Join your peers at the next AGC In-House Environmental Managers (IHEM) meeting on Feb. 20, 2019, at AGC’s Headquarters in Arlington, VA. The IHEM meeting creates a forum for greater peer-to-peer learning and interaction by facilitating a series of moderated roundtable discussions. You choose the topics in advance and then spend the day sharing first-hand experiences and discussing solutions to the challenges on your to-do lists. Visit the meeting site to register today.
 
Registration is open to professionals working in-house on environmental issues at general construction firms. To ensure active discussion/participation, space for this meeting is limited.  The registration fee of $199 covers breakfast items, lunch, and a reception. AGC has booked a room block with breakfast included at the Hyatt Place Arlington/Courthouse Plaza for $189 per night (plus tax and fees). Click here to book your hotel room online.
 
For more information, contact Melinda Tomaino at tomainom@agc.org or (703) 837-5401.
 
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