January 16, 2009
On January 15, the House Democratic Leadership announced details of the American Recovery and Reinvestment Act. Details of the $825 billion package were released by the House Appropriations and Ways and Means Committees. The total package consists of $275 billion in economic recovery tax cuts and $550 billion in targeted investments, coupled with several unprecedented accountability measures. AGC estimates that approximately $150 billion of the spending proposed in this bill would benefit the construction industry.
December 18, 2008
President-elect Barack Obama plans to nominate Rep. Ray LaHood an Illinois Republican, to be the next Secretary of Transportation, according to media reports and other sources. LaHood has served in the House of Representatives since 1995. He decided to retire at the end of the current Congress after having served seven terms. LaHood is familiar with transportation issues having served on the Transportation and Infrastructure Committee from 1995-2000. In 2001 he became a member of the Appropriations Committee.
December 11, 2008
President-elect Barack Obama used a radio address to the nation this past weekend to urge enactment of a new economic stimulus package to create jobs as his first priority in January, calling for "the largest new investment in roads and bridges since President Dwight D. Eisenhower built the Interstate system in the late 1950s."
December 11, 2008
Today AGC launched a new national effort to ensure that Congress and the President-elect understand the vital need for investing in infrastructure as part of the pending stimulus package. The centerpiece of this effort is, frankly, you.
December 4, 2008
AGC of America is excited to announce the 2009 Highway & Utilities Contractors Issues Meeting, to be held February 5 -7, 2009 at the La Quinta Resort and Club in Palm Springs, California. This meeting is the premier gathering place for contractors and related businesses involved in every aspect of highway and utility construction to hear about and discuss issues and trends in these markets.
December 4, 2008
The National Governors Association (NGA) at its national conference this week urged President-elect Obama to consider establishing a national infrastructure bank that could issue bonds to finance infrastructure projects as part of the economic stimulus package currently being developed. During his campaign, Obama proposed creating an infrastructure bank that could issue up to $60 billion in tax-credit bonds, which provide investors with a tax credit instead of interest payments.
December 4, 2008
Congressional Democrats, realizing that the opportunity to pass a massive economic stimulus package during the 110th Congress is shrinking due to time constraints, as well as resistance by Senate Republicans and the Bush Administration, are considering whether to convene the week of December 8 to take up a smaller stopgap measure to provide immediate relief to low-income households. Congress may also consider a rescue package for the automotive industry if a consensus can be reached.
November 14, 2008
Speaker of the House Nancy Pelosi (D-CA) notified Representatives today that the House will reconvene in lame duck session on Wednesday November 19. The Senate was already scheduled to meet next week and will convene on Monday November 17. It is unclear if either body will consider an economic stimulus bill. Speaker Pelosi apparently has suggested to Senate Majority Leader Reid (D-NV) that the Senate take up the House passed economic stimulus bill which includes infrastructure funding of $34 billion.
November 12, 2008
The Senate will return next week in a lame duck session to address several legislative proposals, potentially including economic stimulus legislation. In the House, Speaker Nancy Pelosi (D-CA) has expressed the desire to go back into session to address stimulus legislation but she has not yet officially done so. President–elect Obama, in a press conference this week, urged Congress to pass stimulus legislation as soon as possible. However, President Bush has expressed skepticism about the benefit from this legislation.
November 12, 2008
Our Congressional supporters advocating for inclusion of infrastructure funding in the economic stimulus legislation have asked AGC for information about current conditions in the construction industry as well as the positive impact that would result from increased infrastructure funding. Please also take a few minutes to complete the brief attached survey. This information will be very useful in our efforts on Capitol Hill.


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