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ACEC News / Advocacy

July 2, 2021

ACEC Secures Partial PPP Relief, Continuing to Pursue Broader Fix

The House-passed transportation and water infrastructure bill, the INVEST in America Act (H.R. 3684), includes a provision to narrow the impact of a credit for forgiven Paycheck Protection Program loans on firms working for State Departments of Transportation.  The amendment would limit the FAR credit to federal dollars in contract payments and is designed to prevent State DOTs from applying the FAR provision to state-funded contracts. 

“This is a step forward, but we remain focused on building support for a more complete fix by waiving the FAR provision altogether,” said Steve Hall, Senior Vice President for Advocacy.  “We’re getting good support from lawmakers in the House in this effort – including House Majority Leader Steny Hoyer (D-MD) – and our focus going forward will shift back to the Senate as they work to bring a transportation infrastructure bill to the floor for consideration later this month.”

ACEC members are encouraged to utilize the PPP resource page to contact their lawmakers


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Date

July 2, 2021

Category

ACEC NEWS / ADVOCACY

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