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NECA Wins in Year-End Funding Bills

Dec 20, 2019

On December 17, 2019, Congress passed two funding bills, H.R. 1158, FY2020 Consolidated National Security Appropriations Package and H.R. 1865, FY2020 Consolidated Domestic and International Assistance Package, both resulting in big wins for NECA contractors.

In addition to ensuring the full operation of the federal government for the remainder of Fiscal Year 2020, several of NECA’s top legislative priorities were included:

  • Full repeal of the Affordable Care Act’s (ACA’s) 40 percent “Cadillac Tax”
  • Allowing 529 savings accounts to be used for costs associated with Department of Labor (DOL) registered apprenticeship programs
  • Seven-year reauthorization of the Terrorism Risk Insurance Program
  • Extension of the National Flood Insurance Program
  • Full repeal of health insurance tax (HIT) and the medical device excise tax
  • Seven-year authorization of the U.S. Export-Import Bank
  • An extension of 179D energy efficiency tax deduction retrospectively from 2017 and prospectively through 2020
  • $1 billion for Better Utilizing Investments to Leverage Development (BUILD) grants

Summaries of the package can be found below: