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Although the Senate voted to acquit President Donald Trump of impeachment charges, Congress has also been attending to other legislative business in 2021.
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Bipartisan agreement on pension relief, along with authorization of Composite Plans, could not be reached in time to be included in the final bills of this session of Congress.
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Congress passed H.R. 133, The Consolidated Appropriations Act, a sweeping year-end bill to provide long-delayed coronavirus relief and fund the government, capping off a months-long hold-up as millions awaited more assistance.
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Pension relief and Composite Plans were in previous House-passed bills and Composites were included in the Grassley-Alexander pension proposal, so there had been high expectations pensions and Composite Plans would be included in a negotiated stimulus package.
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The Senate and the House left Washington without agreement on a new COVID relief bill. The stalemate is not good news for SMACNA pension efforts.
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The leaked details of a Republican Senate/White House deal on a COVID relief bill did not include Composite Plans or pension relief for failing plans.
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In a recent letter to the Senate, SMACNA endorsed S. 1841, The Financing Our Energy Future Act, bipartisan legislation introduced in the Senate by Senators Chris Coons (D-DE) and Jerry Moran (R-KS) with seventeen cosponsors. The identical House bill, H.R. 3249, sponsored by Representatives Mike Thompson (D-CA) and Ron Estes (R-KS), was added to the House-passed infrastructure bill H.R. 2, The Moving Forward Act. This important legislation would greatly expand financing options for energy saving performance contracting (ESPC), building retrofits, industrial market efficiency projects and combined heat, carbon capture and waste heat to power (CHP/WHP) systems. S. 1841 simply expands ...
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In recent letters to both chambers of Congress, the Sheet Metal and Air Conditioning Contractors' National Association expressed its support for H.R. 3079 / S. 1706, “The Energy Savings Through Public-Private Partnerships Act." H.R. 3079, introduced by Representative Peter Welch (D-VT) and cosponsored by Representative Adam Kinzinger (R-IL) in the House, has passed from the House Energy and Commerce Committee and awaits favorable floor vote. S. 1706, sponsored by Senator Cory Gardner (R-CO) and cosponsored by Senator Chris Coons (D-DE) and Senator Jeanne Shaheen (D-NH) in the Senate. has been passed from the Energy and Natural Resources Committee and awaits ...
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Read the latest legislative update in the May/June SMACNews.
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In a recent letter to the U.S. House of Representatives, SMACNA urged support for H.R. 7079, The Clean Start: Back to Work Tax Credit Act, introduced by Representatives Darin LaHood (R-IL-18) and Stephanie Murphy (D-FL-7). While Congress included funds through expanded Small Business Administration (SBA) loans to small businesses, SMACNA is concerned that the countless unanticipated safety, sanitation and health protocols for construction sites and firms can burden recovery from the economic downturn created by COVID-19. This oversight would be corrected if Congress passes H.R. 7079. If enacted, H.R. 7079 would permit businesses to apply the tax credit toward expenses ...
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The U.S. Supreme Court ruled that the Trump administration’s attempt to end DACA fell short of the legal requirements for ending such a broad executive program.
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SMACNA will host a free Webinar to explain how the Supreme Court decision in BOSTOCK v. CLAYTON COUNTY, GEORGIA et al. could impact your business.
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CAL SMACNA contractors joined with SMART Locals 104, 105 and 206 and other air quality experts in support of a “School Ventilation & Efficiency Verification ” proposal.
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If enacted, the SUBS Act would provide federal construction subcontractors with confidence that when post-award subcontractor changes are made and cost-savings occur, the benefit accrues to the federal government and not exclusively to the prime contractor.
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H.R. 3079 has been reported from subcommittee to the Energy and Commerce Committee and awaits full Committee approval. An identical Senate bill, S. 1706, introduced by Senators Gardner (R-CO) and Coons (D-DE) has been referred to the Senate Energy and Natural Resources Committee.
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The House passed the $3 trillion coronavirus relief package despite opposition from most Republicans and some Democrats. It now goes to the Senate where Mitch McConnell (R-KY) has indicated they will not take up new legislation until the effects of the CARES Act are determined to be insufficient in helping the economy.
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SMACNA and a construction industry coalition commissioned a new study to evaluate how composite plans would perform during an economic crisis.
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Despite some last-minute uncertainty, Composite Pension Plans were included in the House COVID HEROES bill (H.R. 6800) passed on May 15.
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The COVID-19 pandemic and the resulting health and economic devastation has certainly diverted a lot of attention from the pension issue, but key members of Congress and staff have continued the negotiation process.
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SMACNA continues to expand its message to Congress, agencies, and the Administration.
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Join SMACNA for a briefing on this game-changing legislation and the relief it contains for the sheet metal industry.
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SMACNA joined allied organizations in strong support of the airport industry’s request for immediate federal assistance in response to the COVID-19 national emergency.
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While the 2018 Joint Select Committee on Solvency of Multiemployer Pension Plans could not overcome political divisions to solve the pension crisis, it did launch the 2019 effort for a bipartisan solution and comprehensive reform.
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It is important to make sure that multiemployer reform proposals are set up to protect contributing employers, the industry, and the multiemployer system.
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Senate Finance Committee Chair Chuck Grassley (R-IA) and Senate HELP Committee Chair Lamar Alexander (R-TN) released their comprehensive pension reform proposal.
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Dennis O’Brien, President, Wm. J. Donovan Co., in Philadelphia, addressed the impact misclassification of employees by unethical business owners has on lawful employers at a U.S. House of Representatives staff briefing.
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When the recent World Series between the Washington Nationals and the Houston Astros shifted over to Washington, D.C., SMAC PAC was able to hold fundraising events for Representatives Anthony Gonzalez (R-OH-16) and Mike Bost (R-IL-12) at Nationals Park.
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Representative Guy Reschenthaler (R-PA-14) recently joined SMAC PAC for an event at Nationals Park in Washington, D.C during Game 4 of the National League Championship Series between the Nationals and the Cardinals.
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SMACNA has joined with energy efficiency allies and advanced a letter to both the House and Senate tax committee leaders.
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On Monday, August 26, Rep. Darin LaHood (R-IL-18) joined SMACNA's Stan Kolbe and Jessica Newbold of IMSCA along with several local SMACNA member contractors and other invited industry guests at the Sheet Metal Workers Local 1 Joint Training Center in Morton, Illinois.
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As previously reported in a SMACNA Alert, on July 24 the House of Representatives passed H.R. 397 the so-called Butch Lewis Act that would establish a gov-ernment funded Pension Rehabilitation Trust Fund to provide loans to failing plans that many experts think may never be repaid.
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On Wednesday, July 31, Representative David Joyce (R-Ohio) met with Cleveland Chapter SMAC PAC members and guests in Cleveland. This SMAC PAC-supported event was held at Cleveland’s Progressive Field Stadium.
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The Pension Benefit Guaranty Corporation (PBGC) recently reported that the Multiemployer Insurance Program will run out of money by the end of fiscal year 2025.
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On July 24, the House of Representatives passed H.R. 397, which would establish a government funded Pension Rehabilitation Trust Fund for failing multiemployer pension plans.
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On Saturday July 20, Representative Darin LaHood (R-IL 18) met with SMACNA members in Chicago, IL. This official PAC event was held at historic Wrigley Field.
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Both Committees have passed H.R. 397, which would establish a government funded Pension Rehabilitation Trust Fund for failing multiemployer pension plans. The bill is now ready for House Floor action.
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SMACNA issued a call to action on July 2, 2019 for members to share their comments with the Department of Labor during the 60-day comment period.
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The Advocacy pages are now updated to make it easier for members and visitors to learn more about the issues important to them.
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Members of the SMACNA Southern California chapter discussed composite pension plans, change order legislation and health care issues with Rep. Lou Correa (D-4th-California).
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Members of the SMCA of Philadelphia and Vicinity chapter discussed industry issues with Rep. Dwight Evans (D-3rd-Pennsylvania) during a birthday fundraiser in May.
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Members of Congress brought SMACNA contractors up-to-date on the latest policies and legislation moving through Congress including during the Construction Employers of America (CEA) National Issues Conference, May 7-9, in Washington, D.C.
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Members of SMCA of Philadelphia and Vicinity met with Rep. Brian Fitzpatrick (R-8th-Pennsylvania) and Rep. Donald Norcross (D-1st-New Jersey) during the recent CEA National Issues Conference.
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SMACNA supports the bipartisan legislation, “The Middle Class Health Benefits Tax Repeal Act of 2019,” H.R. 748, which was recently referred to the House by the House Ways and Means Committee.
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The House Education and Labor Committee passed an amended version of H.R. 397, a bill to establish a government funded Pension Rehabilitation Trust Fund for failing multiemployer pension plans.
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Even though the Joint Select Committee on multiemployer pensions was not successful last year, Congressional members are still trying to find a solution for the multiemployer pension crisis.
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Due to its popularity with contractors nationwide, federal change order reform has recently been reintroduced in Congress. It has bipartisan support and a promising future of passage.
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The Sheet Metal Contractors Association of Philadelphia and Vicinity met with Rep. Don Norcross (D-1st-New Jersey) in April for dinner and to discuss several industry issues in Cherry Hill, New Jersey.
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The SMACNA of Western Pennsylvania chapter and the SMAC PAC Committee co-chaired a recent meeting with Rep. Guy Reschenthaler (R-14th-Pennsylvania).
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SMACNA co-hosted a small dinner on Capitol Hill in April along with several business and energy efficiency organizations in support of Sen. Jeanne Shaheen (D-New Hampshire) and her energy efficiency initiatives.
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SMACNA contractors joined forces with other specialty construction groups at this year’s Construction Employers of America (CEA) National Issues Conference, held May 7-9 in Washington, D.C.
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On the morning of April 17, 2019 SMACNA of Long Island members met with Representative Peter King (R-NY) for breakfast and to discuss several pertinent local and national legislative topics.
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SMACNA has enthusiastically expressed support for the bipartisan bill, Restoring Investments in Improvements Act of 2019 (S. 803), which would amend last year’s Tax Cuts and Jobs Act to boost renovations and retrofits for restaurants and retailers.
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Members of the NYC SMACNA chapter recently met with Rep. Nydia Velázquez (D-7th-New York) in Brooklyn, New York, along with the Speaker of the U.S. House of Representatives, Nancy Pelosi (D-12th-California), and Rep. Hakeem Jeffries (D-8th-New York), chair of the Democratic Caucus.
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While many new members of Congress are still learning the ropes and committees are organizing, the U.S. House continues to pass SMACNA priority bills and send them over to the Senate.
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Once again SMACNA is encouraging Congress to pass legislation that promotes energy efficiency and healthy indoor learning environments.
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Many SMACNA issues and priorities continue to percolate, including multiemployer pension reform and procurement reforms.
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Discounts end soon for the 2019 CEA National Issues Conference, May 7 to 9.
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SMACNA urged the leaders of the U.S. House of Representatives and U.S. Senate to incorporate energy efficiency at the start of infrastructure proposals.
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With the 116th Congress convening in early January, several unfinished legislative priorities for SMACNA firms remain on the agenda. Each of the issues has bipartisan support, which is key with congressional control being split between parties.
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SMACNA’s Capitol Hill office has been working to stop the unsavory practice of bid shopping on federal construction contracts for years and now has a new champion and a new tact.
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The Policy and Politics session featured commentary on politics, the midterm elections, economic issues affecting contractors and what to expect in Congress in the months and year ahead.
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SMACNA has received word that the Joint Select Committee on Solvency of Multiemployer Pension Plans (JSC) has been unable to come to agreement.
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Earlier this month SMACNA joined with members of the 179D Reform Coalition and the Alliance to Save Energy to urge bipartisan congressional leaders to pass additional tax reforms.
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A delegation from the Sheet Metal and Air Conditioning Contractors Association of New York City (NYC SMACNA) recently met with Rep. Peter King (R-2nd-N.Y.).
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Members of SMACNA - Cleveland met with former football player and Congressional candidate Anthony Gonzalez, who’s running for Ohio’s 16th Congressional District.
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Congress is turning bipartisan attention to advancing infrastructure, sustainable power, and energy efficiency packages in the post-election lame duck session.
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The contentious and bitter 2018 midterm election, although loaded with drama and filled with wildly varying estimates, ended very much as predicted by the SMACNA Capitol Hill Office.
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SMACNA CEO Vince Sandusky participated in a White House ceremony, along with Stromberg Metal Works CEO President Jerry Robinson and two apprentices, to celebrate the American worker.
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We all know the difference one vote per precinct can make or one vote per committee or just one vote per congressional roll call.
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Three individuals were recognized for their legislative service on behalf of SMACNA.at the Annual Convention last month in San Diego, California.
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Last week, the “FAA Reauthorization Act of 2018,” became Public Law No: 115-254, a significant victory on an issue SMACNA and the airport coalition allies have supported for many years.
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Pension reform and the impact of steel tariffs were two topics Ginger Slaick, executive vice president of Georgia-SMACNA, raised when she met with Rep. Rob Woodall (R-7-Ga.) after a local fundraiser recently.
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Senator Guy Reschenthaler (R-37th District-Pennsylvania State Senate), a candidate for Pennsylvania's newly created 14th Congressional District, learned how SMACNA associate member Ductmate Inc. designs and fabricates their heating, ventilation, and air conditioning equipment during a recent visit.
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Rep. Donald Norcross (D-1st-NJ) recently introduced the bill “Pre-Apprenticeships to Hardhats Act,” to direct the U.S. Secretary of Labor to support development of pre-apprenticeship programs in building and construction that serve underrepresented populations.
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SMACNA Central Indiana Chapter members were VIP guests at a special reception honoring and supporting the re election of Sen. Joe Donnelly (D-Ind.), a longtime friend and strong supporter of SMACNA’s priority issues
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SMACNA recently urged members of the U.S. House of Representatives to support and co-sponsor H.R. 723, “The Energy Savings Through Public-Private Partnerships Act.” This legislation would help expand both energy efficiency and jobs.
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Two New York SMACNA chapters represented SMACNA and SMAC PAC at a New York Yankees game and fundraiser for Rep. Dan Donovan (R-11-N.Y.).
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SMACNA expressed its enthusiastic support for H.R. 723, “The Energy Savings Through Public-Private Partnerships Act” sponsored by Rep. Kinzinger (R-IL) and cosponsored by Representatives Welch (D- VT), Love (R-UT and Perlmutter (D-CO).
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CAL SMACNA Executive Vice President Chris Walker met with Sen. Dianne Feinstein (D-Calif.) at a recent fundraising event in San Francisco hosted by the former Reagan Administration Secretary of State George P. Schultz.
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Reps. Brian Fitzpatrick (R-8th-Pa.) and Josh Gottheimer (D-5th-N.J.), both strong supporters of the sheet metal industry, recently toured the shop of SMACNA contractor Prime Sheet Metal Inc. of Warminster, Pennsylvania.
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SMACNA members are among those impacted by President Donald Trump’s March 1 decision to impose a 25 percent duty on imported steel and a 10 percent levy on aluminum.
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The U.S. Senate has passed a $154.2 billion FY 2019 appropriations bill (H.R. 6147), or a “minibus,” by a wide margin with funding for four federal departments.
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SMACNA of Long Island members Al and Kathy Sapio of Arlan Damper, John and Melinda Hauser of Eastern Metalworks, and Long Island SMACNA Chapter Executive Melissa Barbour attended a fundraiser for Rep. Lee Zeldin (R-1st-N.Y.).
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While your legislator is home on break, now is a good time for them to hear from their local constituents, urging them to take Congressional action to help stabilize industry pension plans.
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SMACNA continues working to pass a major energy package in both the House and Senate that contains residential, commercial, industrial, and public energy efficiency provisions to stimulate construction activity.
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Missouri voters overwhelmingly rejected a right-to-work law Tuesday that would have banned unions from collecting mandatory dues. SMART local unions and SMART International dispatched representatives to help Local Union 36 convince Missouri voters to reject the right-to-work initiative.
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The U.S. House of Representatives recently passed the Federal Aviation Administration (FAA) Reauthorization Act (H.R. 4) extending FAA programs for another five years through 2023.
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Approximately a month ago, Michigan became the sixth state since 2015 to repeal its prevailing wage law — a law that uses market surveys to establish local minimum wage rates for different types of skilled construction work on projects funded by the state or a local government. Now, Minnesota’s prevailing wage law is under attack.
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“It’s always great when you can help a longtime ally,” said SMACNA Mid-Atlantic Chapter Executive Director Bernie Brill, regarding a recent breakfast fundraiser SMAC PAC hosted for Sen. Ben Cardin (D-Md.).
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The recently introduced Master Limited Partnership Parity Act would level the playing field for energy-efficient facility rehabilitation and renewable and clean-energy technology.
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“It’s up to you to inform our members of Congress,” said Rep. Phil Roe (R-1st-Tenn.) to SMACNA chapter executives and Congressional Insiders Club members during a recent pension briefing phone call on the Giving Retirement Options to Workers (GROW) Act.
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Planning to meet with your members of Congress at home this summer? Better confirm your appointment.
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Much of SMACNA’s lobbying efforts since the National Issues Conference have been to follow-up on SMACNA member Hill visits, where members pressed for congressional action on Composite Plan legislation, H.R. 4997, the GROW Act–Giving Retirement Options to Workers.
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The House of Representatives passed H.R. 4, the Federal Aviation Administration (FAA) Reauthorization bill with 217 Republicans and 176 Democrats voting yes for a resounding bipartisan vote of 393 to 13.
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SMACNA voiced its strong support for The Master Limited Partnership (MLP) Parity Act (S. 2005; H.R. 4118), bipartisan legislation introduced by Senators Coons (D-DE) and Moran (R-KS) and Representatives Poe (R-TX) and Thompson (D-CA).
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SMACNA expressed its strong opposition to the Davis-Bacon Act repeal amendment being offered by Rep. King (R-IA) to the NDAA for FY2019.
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SMACNA expressed its strong support for the prompt payment reform amendment being offered by Rep. Moore (D-WI) to the FAA Reauthorization Act of 2018. The amendment would improve compliance with existing contractor payment regulations in federal and federally assisted procurement.
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Federal construction contractors are increasingly frustrated by the slow approval and lack of payment for change orders. While change orders wait to be made definite, contractors and subcontractors must pay their payroll, material costs, and even taxes while payments from the federal government are delayed.
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SMACNA urged support for H.R. 4997, The Giving Retirement Options to Workers (GROW) Act, bipartisan legislation sponsored by Representatives Phil Roe (R-TN) and Don Norcross (D-NJ).
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SMACNA contractor Carol Duncan, CEO of General Sheet Metal (Clackamas, OR) participated in a bipartisan multiemployer pension proposal roundtable
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SMACNA is urging the Senate to support S. 239, “The Energy Savings Through Public-Private Partnerships Act of 2017” sponsored by Senator Gardner (R-CO) and cosponsored by Senators Coons (D- DE), Portman (R-OH) and Shaheen (D-NH).
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SMACNA is voicing is strong opposition to a Senate Finance Committee approved tax bill provision to subject royalty income derived from the licensing of a tax-exempt organization’s name or logo to UBIT.
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SMACNA is expressing its support for S. 512, The Nuclear Energy Innovation and Modernization Act of 2017, introduced by Senators Barrasso joined by Senators Whitehouse, Inhofe, Booker, Crapo, Fischer, Moore-Capito and Manchin as original cosponsors.
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SMACNA is endorsing H.R. 3349, the Mechanical Insulation Installation Incentive Act of 2017. This bipartisan legislation, introduced by Representative Sanchez (D-CA) and Reps Reed (R-NY), Meehan (R-PA) and Ryan (D-OH) with a dozen cosponsors, recognizes the role of mechanical insulation in producing energy efficiency in high-performing commercial and industrial buildings.
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SMACNA is urging the House to support H.R. 2594, the Small Business Payment for Performance Act of 2017, bipartisan legislation introduced by Representative Brian Fitzpatrick (R-PA) and cosponsored by Representative Stephanie Murphy (D-FL), Representative Stephen Knight (R-CA) and others
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SMACNA, as part of the 179D Coalition, a group of over 40 organizations and companies, recently urged the Senate to extend and strengthen the Section 179D deduction for energy efficient commercial buildings as part of tax reform.
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SMACNA expressed its enthusiastic support for H.R. 2594, the Small Business Payment for Performance Act of 2017, bipartisan legislation introduced by Representative Brian Fitzpatrick (R-PA) and cosponsored by Representative Stephanie Murphy (D-FL), Representative Stephen Knight (R-CA) and others.
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SMACNA expressed its strong opposition to the amendment expected from Rep. Gosar (#115-111) to repeal the current method of determining and enforcing the Davis-Bacon Act prevailing wage coverage as part of the debate on H.R. 2810, The National Defense Authorization Act.
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SMACNA is urging the Senate to support and pass the bipartisan S. 1460, The Energy and Natural Resources Act of 2017, cosponsored by Senators Murkowski (R-AK) and Cantwell (D-WA).
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SMACNA, along with other construction industry trade and professional organizations, urged the Chairman to oppose language that exempts some contracts from established design-build selection procedures and support language promoting commercial auditing.
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SMACNA expressed its support for S. 239, “The Energy Savings Through Public-Private Partnerships Act of 2017” sponsored by Senator Gardner (R-CO) and cosponsored by Senators Coons (D- DE), Portman (R-OH) and Shaheen (D-NH).
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SMACNA expressed its endorsement for language supporting uncapping the Passenger Facility Charge (PFC) and increasing funding for the Airport Improvement Program (AIP) be included in any upcoming FAA reauthorization legislation.
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SMACNA strongly urged House members to show support for the bipartisan bill H.R. 627, The Streamlining Energy Efficiency for Schools Act of 2017, introduced by Representatives Cartwright and Welch and 49 bipartisan cosponsors.
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SMACNA is urging the House to support H.R. 723, “The Energy Savings Through Public-Private Partnerships Act of 2017” sponsored by Rep. Kinzinger (R-IL) and cosponsored by Representatives Welch (D- VT), Love (R-UT and Perlmutter (D-CO). Importantly, H.R. 723 was reported from the Committee on Energy and Commerce Committee on June 7, 2017 with unanimous support.
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SMACNA expressed its enthusiastic support for maintaining the National Institute for Occupational Safety and Health (NIOSH) FY18 budget at the current level of $339 million.
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SMACNA is strongly urging House members to co-sponsor H.R. 2101, the Prior Approval Reform Act, introduced by Representative Mark Amodei.
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SMACNA voiced its strong opposition to the taxation of health care benefits in any form or at any level in addition to opposing taxing other employer provided fringe benefit programs negotiated through collective bargaining.
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SMACNA expressed its enthusiastic support for boosting comprehensive infrastructure investments as a key priority for appropriations and tax reform packages as well as by ensuring the FY 2018 budget resolution includes the necessary provisions to initiate this process.
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SMACNA joined 40 other groups in expressing their appreciation of the Secretary's strong support for energy efficiency voiced during his confirmation hearings and to encourage the continued the bipartisan tradition of driving energy efficiency gains across our economy through the essential energy efficiency programs conducted by the Department of Energy (DOE).
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SMACNA is urging Senate support of S. 768, the “Smart Manufacturing Leadership Act of 2017”, introduced by Senator Jeanne Shaheen (D-NH) on March 29th and referred to the Committee on Energy and Natural Resources.
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SMACNA is urging the Senate to support S. 239, “The Energy Savings Through Public-Private Partnerships Act of 2017” sponsored by Senator Gardner (R-CO) and cosponsored by Senators Coons (D- DE), Portman (R-OH) and Shaheen (D-NH).
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SMACNA voiced its strong opposition to The Transportation Investment Recalibration to Equality (TIRE) Act, offered by Senator Flake.
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The prevailing wage law is VERY important to SMACNA's thousands of firms and their hundreds of thousands of skilled construction employees, as well as countless quality conscious project managers.
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SMACNA recently submitted comments for the record to the Department of Labor Wage and Hour Division with regard to information collection of Davis-Bacon Certified Payroll as published in Federal Register Notice 2014–13380 filed on June 6, 2014.
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SMACNA as part of the Alliance for Industrial Efficiency, commended the Congressman for introducing the "Technologies for Energy Security Act of 2017”, (H.R. 1090).
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SMACNA voiced its support to Senator Shaheen and Senator Portman for their reintroduction of the Energy Savings and Industrial Competitiveness Act (S. 385).
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SMACNA, as a part of the Construction Industry Procurement Coalition, is urging the House Oversight & Government Reform Committee to support the Construction Consensus Procurement Improvement Act (H.R. 679) .
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SMACNA urged lawmakers to support the Davis-Bacon Act and prevailing wage coverage as part of the debate on S. Con. Res. 3 and to reject repeal amendments offered by Senator Flake (R-AZ).
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The POWER Act is welcome news to industry, workers, environmentalists, and first responders. More than 110 businesses, trade associations, nonprofit organizations, and research institutions have endorsed the POWER Act.
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On Dec. 16, 2014, President Obama signed H.R. 83, the $1.1 trillion consolidated appropriations bill funding government operations for 2015. Now Public Law No: 113-235, that law includes the Kline-Miller pension reform amendments.
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Many issues of major concern to SMACNA contractors are still on the Congressional agenda.
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SMACNA member Tom Martin (left), president, T.H. Martin Inc., Cleveland, and a member of the SMACNA-Cleveland chapter, participated in a golf fundraiser for Rep. Marcia Fudge (D-11th-Ohio) at Firestone Country Club in Akron, Ohio.
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The International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART)i
and the Sheet Metal and Air Conditioning Contractors’ National Association (SMACNA)ii
urge
Congress to end the crisis of confidence facing multiemployer pension plans because of the
pressing need for comprehensive pension reform. For over 18 months, SMACNA and SMART
collaborated with more than 40 labor and business leaders in the Retirement Security Review
Commission. The Commission’s specific and concrete recommendations – Solutions not
Bailouts - if enacted, will strengthen retirement security. For the specifics, please review
“Solutions Not Bailouts: A Comprehensive Plan from Business and Labor to Safeguard
Multiemployer Retirement Security, Protect Taxpayers and Spur Economic Growth” at
http://www.solutionsnotbailouts.com/.
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Summary Talking Points
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Report to Congress Required by the Pension Protection Act of 2006
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A Comprehensive Plan from Business and Labor to Safeguard Multiemployer Retirement Security, Protect Taxpayers and Spur Economic Growth
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Find information and a compliance guide for new Financial Accounting Standards Board (FASB) requirements regarding “Disclosures about an Employer’s Participation in a Multiemployer Plan”. The guide include links to Frequently Asked Questions (FAQ), worksheets and a memo from the Sheet Metal Worker’s National Pension Fund. The guide is provided to assist SMACNA members in understanding and complying with the new Financial Accounting Standards Board’s (FASB) disclosure requirements but employers should consult with legal and accounting professionals regarding their disclosure obligations. The FASB disclosure requirements take effect for annual periods ending after December 15, 2011 for publicly traded companies, and for periods after December 15, 2012 for privately owned companies.
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