Posted on Wednesday, July 31, 2019 10:23 AM By Donna Reichle
On July 31, the Department of Labor’s Employee Benefits Security Administration issued a final rule that would allow small and mid-sized businesses to band together and offer 401(k) plans to their employees through Association Retirement Plans. The final rule goes into effect Sept. 30, 2019.
Posted on Tuesday, July 30, 2019 10:36 AM By Donna Reichle
ABC supports the Highway Trust Fund Reform Act of 2019 (H.R. 3904), legislation introduced on July 24 by Rep. Virginia Foxx (R-N.C.) that would exempt federally funded or federally assisted Highway Trust Fund projects from federal Davis-Bacon requirements, known as prevailing wage. The Congressional Budget Office estimates that repealing Davis-Bacon would save the Federal Highway Administration more than $700 million a year.