Posts by growthzone

Update on the FY24 National Defense Authorization Act The House Armed Services Committee considered the FY24 NDAA (H.R. 2670) with Chair Rogers’ initial draft calling for $842.3 billion for the Defense Department, plus $32.4 billion for atomic weapons programs in the Energy Department. The draft bill aligns with the $886.35 billion in defense spending proposed…

Contract Documents Task Force ASA has recently approved an updated round of contracts from the ConsensusDocs design-bid-build series. These are a series of ConsensusDocs most used prime and subcontract agreements and are being revised for publication as part of ConsensusDocs regular comprehensive revision cycle. This cycle occurs twice as frequently as the American Institute of…

The Bonding Perspective on H.R.1740 Last week, ASA advocated on behalf of H.R.1740, which would address payment and performance bonds regarding Water Infrastructure Financing Authority Act (WIFIA) financed public-private partnerships.  After those meetings, the National Association of Surety Bond Producers (NASBP) offered that they had a study conducted on behalf of the Surety & Fidelity…

EPA’s Offers their Renewable Fuel Standard (RFS) Quotas Under a regulation finalized on Wednesday, the Environmental Protection Agency in 2023 will require the use of 2.82 billion gallons of biomass-based diesel, generally made from soybean and canola oil, a 2.2% increase over the 2.76 billion gallons mandated last year. For 2024 and 2025, the quotas…

This Week in Congress This week, the House considered a tax-cut package that’s set to make its way through the Ways and Means Committee, along with considering postponed bills from last week regarding gas-stoves legislation, a  bill overhauling judicial procedure in certain administrative-law cases, and legislation that would establish a congressional approval process for some…

The House Tax Package House Republican tax writers drafted a package that would expand the standard deduction, pare back tax reporting for contractors and gig workers and revive expired incentives for businesses in the party’s first major tax markup since taking back control of the chamber this year. The Joint Committee on Taxation estimated that…

ASA’s 2023 D.C. Fly-In This week, ASA advocated on Capitol Hill to ensure the voices of subcontractors, who makeup the three-fourths of the construction industry, are heard throughout the halls of Congress.  We had over forty ASA members from around the country attend this year’s fly-in, who met with 28 Senate offices and 21 House…

This Week in Congress Last Saturday, June 3, 2023, President Biden signed the Fiscal Responsibility Act (FRA) to avoid the debt ceiling crisis, and we reported on it last week.  The FRA passed the Senate 63-36, and the House passed it with a vote of 314-117.  After weeks consumed by the debt ceiling debate, Congress…

ASA Prepares for the Return of Their D.C. Fly-In Next week, ASA will be advocating on Capitol Hill to ensure the voices of subcontractors, who makeup the three-fourths of the construction industry, are heard throughout the halls of Congress.  We are expecting over forty ASA members from around the country to attend this year’s fly-in,…

ASA SLDF Joins ABC in Oregon Insurance Case Following a brief period of downtime in the movement of cases through the judicial system surrounding COVID, the ASA Subcontractor Legal Defense Fund has been active in 2022-2023. Today we are highlighting our participation in the Twigg v. Admiral Insurance Company case pending before the Oregon Supreme…