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1. Ways and Means Committee Approves Retirement Savings, IRS Reform Bills

On Tuesday, the House Ways and Means Committee unanimously approved the Setting Every Community Up for Retirement Enhancement Act (SECURE Act, HR 1994), which is designed to address the retirement savings gap.

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Market Indicators
Indicators

ACEC Engineering Business Index (EBI)
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62.2 (1Q, 2019)
58.5 (4Q, 2018)

Engineering Employment
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1,516,200 (May)
1,512,600 (Apr)

Construction Spending
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$1,298,500,000 (Apr)
$1,299,200,000 (Mar)

ACEC Stock Index
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38.42 (June 7)
37.35 (May 31)

Dodge Momentum Index
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144.3 (Apr)
145.1 (Mar)

Morrissey Goodale M&A Index
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312 Deals year-over-year (Jun)
294 Deals year-over-year (May)

AIA Billings Index
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50.5 (Apr)
47.8 (Mar)

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