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NECA Legislative Top Three 5/24/19: Congress Moves to Expand 529s

May 23, 2019

1. NECA-Supported Bill on 529 Savings Plans Reintroduced in Senate

One of NECA’s top legislative priorities was reintroduced in the Senate on May 22, 2019. Senator Steve Daines (R-MT) introduced S.1623, which would allow 529 savings accounts to be used for apprenticeship programs. NECA CEO David Long issued a statement of support for the legislation, which was included in Senator Daines’ press release

NECA’s Look Ahead: NECA looks forward to continuing to work with Senator Daines and House and Senate leadership to sign this important provision into law. The Senate bill compliments a similar bill introduced by Rep. Donald Norcross (D-NJ) and Rep. Mike Kelly (R-PA), H.R. 2679. Most important, tell your Senators and Representatives to co-sponsor these important bills TODAY!

2. NECA Contractor Bob Dagostino Published Op-ed for Infrastructure Week

NECA Contractor Bob Dagostino of Dagostino Electronic Services, Inc. in Pittsburgh, PA wrote a nationally published Op-ed in conjunction with Infrastructure Week 2019.

NECA’s Look Ahead: Bob’s op-ed can be read in full here.

3. Rebuild America Act Introduced in House

This week, Rep. Earl Blumenauer (D-OR) introduced the NECA-supported H.R. 2864, Rebuild America Act.

NECA’s Look Ahead: This bill is an important first step in addressing the infrastructure funding crisis. The bill would increase the federal gas tax by five cents per year over five years, index the tax to inflation thereafter, and promote the intention of Congress to transition away from the gas tax and toward a more sustainable revenue source in the future.