On May 19, President Trump signed the Executive Order, “Regulatory Relief to Support Economic Recovery,” which encourages federal agencies to review burdensome regulations in order to jumpstart the economy and get Americans back to work.
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A new PPP FAQ was released on the good-faith certification, which would clarify that borrowers with loans of less than $2 million are deemed to have made the certification in good faith.
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As part of the Parity for Main Street Employers coalition, ABC opposed a proposal from Democrats in the U.S. House of Representatives that would raise taxes on small construction businesses through the repeal of the bipartisan-supported net operating loss carryback and loss limitation provisions previously included in the CARES Act.
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All Construction Executive readers are invited to register for an exclusive Mid-Year Economic Outlook webinar featuring Anirban Basu, the chief economist to Associated Builders and Contractors. Basu, known for his entertaining delivery and sharp assessments of the economic state of the industry, will provide a candid assessment of the market impact of COVID-19 crisis on the construction sector for the rest of 2020.
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On May 1, ABC sent a letter to the U.S. Senate Committee on Environment and Public Works advocating for improvements to draft legislation that is being considered by the committee, the America’s Water Infrastructure Act of 2020 and the Drinking Water Infrastructure Act of 2020.
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The Construction Industry Safety Coalition recently released an updated COVID-19 Prevention, Preparedness and Response Plan for Construction. ABC, a member of the CISC Steering Committee, encourages its members to review the plan, which includes the latest protective measures and guidance on keeping workers safe on jobsites.
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On April 27, a bipartisan group of 18 U.S. senators urged expanding eligibility for the Paycheck Protection Program to include 501(c)(6) organizations in the next coronavirus relief package. If your senator supported this effort, please take the time to thank them through ABC’s Action Alert.
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ABC is committed to providing its members with the latest health, safety, economic and policy information regarding the coronavirus pandemic. To better manage the growing number of resources, ABC just updated its Coronavirus Update webpage to simplify and improve navigation, with topics and resources organized in four different categories: Employer Resources, Employee Resources, National Markets and State & Local Markets.
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On April 24, the president signed into law a $484 billion bipartisan deal to extend the Paycheck Protection Program and provide additional funding for hospitals and testing for the virus. Following the bill’s passage, additional guidance was issued by the Small Business Administration and U.S. Department of Treasury on the second round of funding for the popular loan program.
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On April 17, ABC, as a member of the Construction Industry Safety Coalition Steering Committee, wrote to the U.S. Department of Labor’s Occupational Safety and Health Administration regarding additional guidance from OSHA as it relates to construction.
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