AGC Continues Push for Jobs Bill

The U.S. Senate defeated an amendment by a vote of 53-45 to legislation that would have increased the federal debt ceiling and prevented any new financial commitments for the Troubled Asset Relief Program (TARP).  The amendment was particularly troublesome because it would have invalidated the key provision used to pay for the $75 billion of new appropriations in the House-passed Main Street for Jobs Act and would have likely prevented the Senate from moving forward on their jobs bill because they too are likely to use TARP funds to offset the cost of their bill. AGC, as co-chair of the Transportation Construction Coalition (TCC), sent a letter to the Senate opposing any effort to redirect the TARP funds to deficit reduction.