An interim rule issued on July 8 by the Obama Administration requires certain federal contractors to report the total compensation of their highest-paid executives and first-tier subcontractors’ top managers. The requirement will phase in through March 2011. The rule also requires federal contractors grossing $300,000 or more in the last tax year to report first-tier subcontract awards. That mandate took effect immediately.
The White House’s latest quarterly American Recovery and Reinvestment Act update, released on July 14, estimates the legislation created or preserved between 2.5 million and 3.6 million jobs as of June 30. Those figures are up from an estimated 2.2 million to 2.8 million ARRA jobs as of March 31. The report says stimulus-act transportation infrastructure jobs rose 17% in the quarter, to 102,000. Building construction jobs climbed 32%, to 80,200. Still, the construction industry’s June jobless rate was 20.1%, remaining the worst among industry sectors. The report also says ARRA outlays for infrastructure and other “public investment” totaled $86.3
The U.S. Dept. of Transportation on July 14 held the last of six town-hall meetings to gather opinions about what the long-delayed successor to the Safe, Accountable, Flexible, Efficient Transportation Equity Act: a Legacy for Users, or SAFETEA-LU, should look like. For months, industry officials have been waiting for DOT to release its “principles” for a new multiyear bill. DOT officials heard views from a range of groups but didn’t announce the principles. One participant, American Highway Users Alliance CEO Greg Cohen, told ENR, “Hopefully [the meeting] will lead to no further delays on an administration principles document.” Since SAFETEA-LU
As legislation revamping federal financial regulation goes on the books, attention will turn to the Federal Reserve, Treasury Dept. and other agencies that will draft rules fleshing out how the mammoth measure will be implemented. Construction will watch whether banks react to the bill’s increased regulation and higher fees by tightening up on credit. Photo: Office Of Sen. Christopher J. Dodd Dodd, the measure’s primary Senate architect, says, “The arguments about the shrinking of credit availabilty are hyperbole.” Lenders’ responses may vary. The legislation sets tougher restrictions on big money-center banks than it does on smaller, community banks, which are
Spending bills for the fiscal year starting on Oct. 1 are only inching along on Capitol Hill, making a stopgap “continuing resolution” or an omnibus appropriations package increasingly likely. If that happens, it will mean continued headaches for states and contractors trying to plan for the next construction season—let alone beyond then. As of July 13, none of the 12 appropriations bills for fiscal 2011 even had cleared committee in the House or Senate, although the Senate panel had scheduled July 15 votes on three of the measures. Five spending bills had moved through House subcommittees and further subcommittee action
A construction coalition, including the Associated Builders and Contractors and Painting and Decorating Contractors of America, said on July 6 the EPA has limited authority to expand its rule covering renovation and other work involving lead paint. EPA said on May 6 it would decide by the end of 2011 whether to propose a rule to widen its lead-paint requirements to apply to public and commercial buildings.
In the latest intense competition for Dept. of Transportation funds, the agency awarded $293 million for 53 streetcar and bus projects around the country. Some of the aid will go for construction. DOT Secretary Ray LaHood, announcing the winners on July 8, said the grants are part of the Obama Administration’s community “livability” initiative, which links transportation planning and funding with housing and economic development. Awards included $130 million in Urban Circulator funds and $163 million in Bus and Bus Livability aid. The federal grants will be supplemented by local funds. Streetcar projects in St. Louis, Charlotte, N.C., Cincinnati, Fort
The Justice Dept. has filed a lawsuit seeking to stop Arizona’s new immigration law from taking effect, contending the state statute is unconstitutional and will “undermine” federal immigration enforcement. Arizona Senate Bill 1070, enacted on April 23, is to take effect on July 29. It directs police, while stopping an individual, to try to determine that person’s immigration status when there is “reasonable suspicion” that he or she is in the U.S. illegally. The Justice Dept.’s lawsuit, filed on July 6 in federal district court in Arizona against the state and Gov. Janice K. Brewer (R), says, “In our constitutional
An appropriations package that includes $2.9 billion in relief and reconstruction aid for Haiti has cleared the House and will next move to the Senate for a vote. The spending measure, which the House passed late on July 1, focuses mainly on funding for the Afghanistan war. But Republicans oppose the non-defense spending House Democrats added to the bill, and the White House has threatened a veto because of a provision that would cut certain education funding. The bill has not had a smooth path. The Senate had approved a $58.5-billion supplemental spending bill on May 27, which provided $2.8
A voluminous House-Senate conference agreement that would revamp federal financial regulation has cleared the House and awaits a vote in the Senate, where Democrats are trying to pick up enough votes for passage. The measure was approved by the House on June 30 by a 237-192 vote, generally along party lines. A Senate floor vote is the next step. The package was amended the day before the House floor vote in an attempt to draw enough votes to get it through the Senate. The amendment would omit a $19-billion fee to be charged to large banks and hedge funds and