On March 25, the Senate is expected to pass the AGC-supported Paycheck Protection Program (PPP) Extension Act that would extend the deadline for taking out a PPP loan through June 30, 2021. Importantly, while the legislation extends the deadline for loan approval through June 30, borrowers’ applications must be submitted to their lenders by May 31. The House previously passed the bill, and President Biden is expected to sign it if and when it reaches his desk. Without congressional action, the program’s authorization will expire on March 31, 2021. The extension will give construction firms more time to apply for PPP loans, as many firms see waning backlogs.

AGC Enters into Negotiations with SBA; Hoping for Settlement of PPP LawsuitAGC Member Wins Forgiveness of PPP Loan Over $2 Million

On March 22, the United States Senate confirmed the nomination of Boston Mayor Marty Walsh to become the next Secretary of the U.S. Department of Labor by a bipartisan final vote of 68-29.

On March 18, the U.S. House of Representatives passed the AGC-supported American Dream and Promise Act of 2021 (H.R. 6). This measure seeks to take a first step in reforming our nation’s immigration system by protecting the legal status of work authorized-Deferred Action for Childhood Arrivals (DACA) and Temporary Protected Status (TPS) holders. Despite today’s outcome, the bill faces an uphill fate in the Senate without a significant breakthrough. There are more than 100,000 construction workers estimated with DACA or TPS status who currently face an uncertain legal future.

AGC Concerned About Impact on PPP Loan Forgiveness State Tax Treatment & More

PRO ACT—The Greatest Threat to Union & Open Shop Construction

The Building Division by acclimation elected Michael Trettel as Chairman for the 2021-2022 term. Michael began his career as a Project Engineer and Project Manager and transitioned to business development. He is currently Director of Business Development for i+iconUSA (parent company of Joseph B. Fay Co. and i+iconSoutheast).

Texas, Louisiana Have Worst Job Losses Since Pandemic Struck, While Idaho Adds the Most Jobs; California, South Carolina Have Worst One-Month Job Losses as Florida, Vermont Top Other States

New Producer Price Index Data Confirms Association Survey Showing Most Construction Firms are Being Harmed by Skyrocketing Costs for Products Like Lumber while Shipping Problems Impact Project Schedules