On November 5, ABC sent a letter to members of the U.S. House of Representatives opposing H.R. 5367, the Build Back Better Act. The bill’s tax hikes on small businesses and restrictive labor policies that would be devastating for the construction industry and put our economic recovery at risk. ABC is key voting H.R. 5367 and will be a part of the ABC scorecard for the 117th Congress.

On September 24, ABC signed onto a letter to Sen. Ron Wyden, chairman of the Senate Committee on Finance regarding pass-through partnership reform for real estate. 

"The undersigned organizations, which employ millions of Americans in all aspects of developing, operating, financing and improving the Nation’s real estate, write to express significant concerns with your pass-through reform discussion draft."

ABC sent a letter to OMB on behalf of its federal contractor members with practical feedback on the EO, which includes 25 questions and concerns raised by the federal contracting community since the EO’s release on Sept. 9.

This week, ABC also sent a letter to the House Ways and Means Committee expressing concerns with the tax proposals and paid leave mandate ahead of the committee’s mark-up today. ABC also joined coalitions in three additional letters addressing stepped up basis, Section 199A deduction, and Section 1031 like-kind exchanges.

House committees have begun formulating legislative text that is in line with their budget resolution instructions. The tentative mark-up schedule puts all 13 House committees on track to hit the Sept. 15 deadline for drafting the full reconciliation bill. That would then enable the House to bring the reconciliation bill to the floor before it votes on the Infrastructure Investment and Jobs Act, the bipartisan infrastructure bill, on Sept. 27.

ABC sent a letter to the House yesterday opposing the reconciliation package and expressing concerns about the impact of the partisan proposal’s tax hikes and labor requirements on the nation’s construction industry.