President Biden is expected to put forth his proposal for a multi-trillion investment in infrastructure on March 31. The proposal is expected to include significant investments in a broad range of construction projects including roads, bridges, public transit, airports, drinking water and wastewater, schools, renewable energy, broadband and more. In addition to physical infrastructure, proposal is anticipated to include significant investments in 鈥渉uman infrastructure,鈥 including but not limited to free community colleges, universal pre-kindergarten and paid family leave. 麻豆传媒 welcomes sorely-needed public and private construction investment that can generate long-term benefits for our economy, communities and national security. However, 麻豆传媒 remains concerned about the possibility of unpredictable and impracticable federal requirements being attached to those investments that, in turn, could significantly diminish its buying power and create barriers to full and open competition.
CARES Act Section 3610 Extended to September 30, 2021
Attempts to Overhaul Cost-Benefit Analysis
Effects both Buy America and Buy American Laws
Regulatory Implementation Will Not Occur Overnight
Directs Agencies to Formulate Plan to Redirect Funding
President Biden Revokes Several Trump E.O.s
Measure鈥檚 Modest Amount of Funding for Infrastructure Projects and Clarification that PPP Loans May Not be Taxed Will Help Offset Some of the Challenges Facing the Construction Industry
Other Construction Policy Provisions Pass