Details, Timing and Prospects for Enactment Unclear
As of October 22, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin appear close to agreement on an approximately $2 trillion COVID-relief bill. The details of exactly what would be included in such a bill remain largely under wraps. Outstanding issues include the size of state and local government funding and liability protections for businesses. Senate Majority Leader Mitch McConnell indicated that he would allow a vote on a bipartisan agreement after it passes the House. However, as negotiations remain fluid and days before the election for writing, reviewing, and voting on a final bill dwindle, the chances of enactment before November decrease. If such a bill were not enacted before the election, any bipartisan, pre-election agreement could change or fall apart based on the election results. AGC continues to advocate for robust infrastructure investment, liability protections for businesses and improvements to the Paycheck Protection Program, among others, to be included in any final agreement.
For more information, contact Jimmy Christianson at jimmy.christianson@agc.org.