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On July 1, the U.S. House of Representatives passed H.R. 3684, the INVEST in America Act, a $715 billion federal investment in America’s roads, bridges, transit, passenger rail, and drinking and wastewater infrastructure. AGC lobbied against several of the policies included in the bill. However, its passage in the House is a first step towards enacting record levels of federal investment in infrastructure. It continues to remain unclear how this legislation will intersect with larger infrastructure package negotiations between the White House and a bipartisan group of senators. The AGC summary of the INVEST in America Act can be viewed here. AGC will continue to push for policy improvements to the bill.

Construction Officials Urge Federal Officials to Allow Unemployment Supplements to Expire, Take Steps to address Supply-Chain Backups and Remove Tariffs on Key Materials so Firms can Perform More Work

We're all eager to get back to in-person conferences, but you won't want to miss the exceptional lineup of environmental sessions we've assembled for 2021's Construction Safety, Health & Environmental Virtual Conference on July 20-22. That's why we've slashed the price for this year's virtual conference and made it free to all AGC members. Participate at your own pace and learn about climate, community, corporate transparency, species, and water issues.

Houston-The Woodlands-Sugar Land and Odessa, Texas Have Worst 15-Month Construction Job Losses; Minneapolis-St. Paul-Bloomington, Minn.-Wis. and Fargo, N.D.-Minn. Top Lists of Metros with Job Gains

Filings Now Due on August 23, 2021

With COVID-19 restrictions lifting in the City of Philadelphia, GBCA’s Construction Leadership Council has come back together in-person! On June 10, 2021, the CLC hosted an in-person workshop and networking event at a local brewery. After 15 months of virtual meetings, virtual workshops, and virtual “meet-ups,” the CLC wanted an opportunity to rethink networking, and get a refresher on making business and industry connections. Matt Blank, Director of Business Development of Friedman LLP, spoke about building business through networking and relationships, as opposed to a hard sell. This approach to business development and relationship-building starts with a strong conversation.

The Securities and Exchange Commission (SEC) recently requested public input on company disclosure of information associated with Environmental, Social and Governance (ESG) and climate change risks, impacts, and opportunities. In response, AGC’s June 11 letter to agency offered key principles for the SEC to consider: 1) support of voluntary and flexible, market-based disclosures; 2) adherence to the Supreme Court’s “materiality” standard and existing rules; 3) base disclosures on sound data and a workable framework for companies of different sizes and industries; and 4) set boundaries on the scope of reporting and limits on legal liability.

The Small Business Administration (SBA) intends to withdraw the “Loan Necessity Questionnaire” that has heavily burdened and delayed all applications for forgiveness of Paycheck Protection Program (PPP) loans of $2 million or more. AGC sued SBA last December for developing the form entirely in secret, and without public input, and for using the form to change the de facto requirements for the forgiveness of such loans. During lawsuit settlement negotiations, AGC learned of SBA’s decision to withdraw the questionnaire. Recently, AGC has also received an exceptionally large number of reports about SBA approving these loans for forgiveness. This is excellent news for the thousands of AGC members who accepted such loans in good faith in order to keep their people working.

Learn more at July 20-22 virtual conference, free to AGC members