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Top Three 6/16/17

Jun 15, 2017

1. This week the House passed ten NECA-supported energy infrastructure bills with a large bipartisan majority. An especially important piece of legislation that passed was H.R. 338, to Promote a 21st Century Energy and Manufacturing Workforce introduced by Reps. Bobby Rush (D-IL) and Richard Hudson (R-NC).

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2. On June 15, 2017, the House Small Business Committee unanimously approved a NECA-supported bill that would offer contractors the ability to continue work without fear of withheld payments for change orders. The bill, the Small Business Payment for Performance Act of 2017 (H.R. 2594), is sponsored by Rep. Brian Fitzpatrick (R-PA) and would require partial payment of 50 percent within the time frame specified by the Prompt Payment Act for any additional change order work. The bill will help contractors maintain cash flow and limit the financial risk placed on contractors.

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3. NECA, as a member of the Family Business Estate Tax Coalition (FBETC), sent a letter to Treasury Secretary Steve Mnuchin asking that he formally withdraw the Department of the Treasury and the Internal Revenue Service’s Proposed Regulations on “Estate, Gift, and Generation-Skipping Transfer Taxes; Restrictions on Liquidation of an Interest,” 81 Fed. Reg. 51,413 (August 4, 2016), pursuant to Executive Orders 13789 and 13790.

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