Posts by growthzone

Latest News from SESCO Managment Consultants   Average Hourly Earnings Decrease 1.0% in June, CPI Increases 1.3% The U.S. Bureau of Labor Statistics has reported that real average hourly earnings for all employees decreased 1.0 percent from May to June. This result stems from an increase of 0.1 percent in average hourly earnings combined with…

DOT’s Disadvantaged Business Enterprise Rulemaking on Prompt Payment and Retainage Monitoring On Thursday, July 21, 2022, the U.S. Department of Transportation announced their upcoming Disadvantaged Business Enterprise (DBE) Rulemaking on Prompt Payment and Retainage Monitoring. The Department specified the need for recipients to create a mechanism to affirmatively monitor a contractor’s compliance with subcontractor prompt…

The Cannabis Administration and Opportunity Act (CAOA) On Thursday, July 21, 2022, Senate Majority Leader Schumer (D-NY), Senate Finance Committee Chair Wyden (D-OR), and Senator Booker (D-NJ) introduced the Cannabis Administration and Opportunity Act (CAOA), comprehensive legislation that would end the federal prohibition on cannabis by removing cannabis from the federal list of controlled substances and empowering states to implement their own…

This Week in Congress The House voted on a “minibus” FY23 funding package mostly covering domestic programs including agriculture, energy and water, financial services, interior and environment, military construction and veterans, and transportation.   Additionally, the House voted on legislation to protect access to contraception and same-sex marriage.  The Senate debated legislation providing $52 billion in…

The Small Business Payment for Performance Act Advances Last week, the House passed its annual defense policy bill (the National Defense Authorization Act (NDAA)) authorizing nearly $840 billion in defense spending for fiscal year 2023 with a bipartisan vote of 329-101 vote. Thirty-nine Democrats and 62 Republicans voted against the measure.  A separate version of the…

Upcoming ASA Webinar: “Project Documentation 101” ASA invites you to join us on August 10th, 2022 at Noon Eastern for the upcoming webinar, “Project Documentation 101”, presented by outgoing ASA President Brian Carroll, Managing Partner at Sanderford & Carroll, P.C..  This webinar will help you discover simple and easy ways to document your projects. Primary…

This Week in Congress This week, Congress returned to session debating the annual defense authorization bill and legislation to codify abortion rights, along with holding nomination votes and finalizing negotiations on the COMPETES Act, legislation to increase semiconductor manufacturing.  The FY23 National Defense Authorization Act (NDAA) includes $839.3 billion in funding and has attracted more…

ASA Opposes the Expansion of the Net Investment Income Tax (NIIT) Credit and Loss-Limitation Rules ASA joined over 130 organizations in a letter to House and Senate Leadership opposing the expansion of the Net Investment Income Tax (NIIT) Credit and the loss-limitation rules.  These two tax increases being considered by Congress would fall entirely on…

Reconciliation Talks Continue Talks continue between Senate Majority Leader Schumer and Senator Manchin on a reconciliation package. Climate provisions and tax increases are on the list of topics yet to be resolved. Senate Majority Leader Schumer said he hopes to reach a final agreement and bring the package to the floor as soon as late…

DOL/OSHA’s 2022 Spring Regulatory Agenda Released The Department of Labor has issued its 2022 “Spring” Regulatory Agenda, which is the semiannual compilation of information about regulations under development by federal agencies and several items that are in the Final Rule Stage include the Update to the Hazard Communication Standard and Subpart U–Emergency Temporary Standard–COVID-19.  We…