In a speech delivered on March 22, the U.S. Department of the Treasury’s Assistant Secretary for Tax Policy, Lily Batchelder, indicated that additional guidance on prevailing wage and apprenticeship requirements for Inflation Reduction Act clean energy tax credits is months away.
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ABC’s August Regulatory Roundup—Learn About the Latest Developments
ABC has prepared a summary of Biden administration regulatory actions of interest to ABC members by agency.
Council on Environmental Quality Proposes Expansive Changes to NEPA Permitting Rules
On July 31, the Council on Environmental Quality released a proposed rule to implement Phase 2 of revisions to the National Environmental Policy Act implementing regulations. The proposal makes wide-ranging changes to the rules for federal agencies conducting the...
ABC: State Construction Unemployment Rates Range From 0.4% to 7.5%
WASHINGTON, Aug. 2—The not seasonally adjusted national construction unemployment rate was 0.1% lower in June 2023 from a year ago, down from 3.7% to 3.6%. According to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated...
ABC-Supported Legislation To Overturn the Northern Long-Eared Bat’s Endangered Species Listing Heads to President Biden’s Desk
On July 26, the U.S. House of Representatives passed S.J. Res. 24, a Congressional Review Act resolution on the Endangered Species Status for Northern Long-Eared Bat with a bipartisan vote of 220-209. The passage of S.J. Res. 24 would, if enacted, prevent the...
Smucker Introduces the ABC-Supported Main Street Tax Certainty Act
On July 18, Rep. Lloyd Smucker, R-Pa., introduced the Main Street Tax Certainty Act, H.R. 4721, legislation which would make permanent the current 20% deduction for small and family-owned businesses, provided through Section 199A of the Tax Cuts and Jobs Act of 2017....