Constructor - September/October 2014 - (Page 61)

LEGISLATIVE AND REGULATORY NEWS President Signs Highway Bill ON FRIDAY, AUG. 8, 2014, President Obama signed H.R. 5021, the Highway and Transportation Funding Act of 2014, which will extend the authorization for federal highway and transit programs until May 31, 2015, and provide a nearly $11 billion general fund transfer to the Highway Trust Fund. This transfer is necessary to ensure that the trust fund can meet its funding obligations for the duration of the extension. H.R. 5021  originally passed the House  with an overwhelmingly bipartisan majority on June 15. The  Senate voted to amend the House-passed bill to shorten the length of the extension from May 31, 2015, to Dec. 20, 2014, and cut the general fund transfer to the Highway Trust Fund from $11 billion to $8 billion. The passage of the Senate amendment started a game of legislative ping-pong where the House voted to disagree to the Senate amendment by a vote of  271-149  with 226 Republicans and 45 Democrats voting for and 147 Democrats and two Republicans voting against. Following House action, on July 15, the Senate passed the original House bill and sent it to the president. Even with the funding in place and the authorization extended through May of next year, AGC remains committed to addressing a long-term funding solution for the Highway Trust Fund this year. We encourage our members to continue working through  Hardhats for Highways  to pressure their Representative and Senators to act on fixing the Highway Trust Fund this year. ◆ For more information, please contact Sean O'Neill at (202) 547-8892 President Signs AGC-Supported Legislation Reforming Workforce Development System Into Law ON JULY 22, 2014, the president signed the Workforce Innovation and Opportunity Act into law. The bill easily passed both the House and Senate in recent weeks. The legislation will reform the workforce development system, giving states greater flexibility and strengthening employer engagement. To read more about the law, please visit The legislation was a component of AGC's Workforce Development Plan for the 21st Century (http://bit. ly/1znOIGq) which was released earlier this year. AGC will continue to work on the plan's other priorities. ◆ For more information, please contact Jim Young at (202) 547-0133 or  @Constr uctor Ma g S E P T E MB E R / O C T O B E R 2 0 1 4 | 61

Table of Contents for the Digital Edition of Constructor - September/October 2014

Editor’s Note
President’s Message
CEO’s Letter
All for One and One for All
Elector Set
The Construction Advocacy Fund: Funding the Fight
New Revenue Recognition Standard Developed With Construction Industry Input
Business Development
Enhancing the Design and Impact of Company Websites
Construction’s Crystal Ball
Simonson Says
AGC in Action
Squeaky Clean Construction
Spray Polyurethane Foam: A Candid Look
Technology Toolbox
Legislative and Regulatory News
Member and Chapter News
2014 Insurance Directory
Government Affairs
Index to Advertisers
Final Inspection

Constructor - September/October 2014