On December 14, the Coalition for a Democratic Workplace (CDW), of which AGC is an active member, filed comments supporting the Department of Labor’s proposed rule on financial disclosure reports that unions annually must file with the Department’s Office of Labor-Management Standards. The proposed rule would expand the disclosures that unions must report on Form LM-2 and would require larger unions to file a new Forum LM-2 Long Form.
Issued After Weeks of AGC Engagement with SBA/Treasury
The U.S. Equal Employment Opportunity Commission (EEOC or Commission) announced that it has launched a new process for the public to request a formal opinion letter concerning Title VII and the Age Discrimination in Employment Act (ADEA) from the Commission.
On December 3, AGC, along with 564 trade associations, called on Congress to pass legislation reversing IRS policy that turns promised, tax-free PPP loan forgiveness into a taxable event. The effect of this is to tax a business’s PPP loan forgiveness up to 37 percent. AGC is very engaged in exhorting Congress to include legislation to overturn the IRS Notice in any end of year tax or spending package, and we will continue to provide updates to members.
OFCCP recently announce the release of its new technical assistance guide for small contractors. The guide provides compliance assistance regarding equal employment opportunity obligations for small federal supply and service, construction contractors and subcontractors, as well as and federally assisted construction contractors and subcontractors. The agency considers contractors’ sizes when developing its requirements to consider the burdens on small contractors.
The U.S. Department of Labor’s Wage and Hour Division (WHD) announced that it has launched an education and enforcement initiative in eight Southeastern states to ensure construction companies that work on federal or federally assisted construction projects meet prevailing wage requirements of the Davis-Bacon Act (DBA) and the Davis-Bacon and Related Acts (DBRA).
Applies to PPP loans of $2 Million or More