Wood Building Material Legislation Advancing in Senate This week ABMA met with U.S. Senate personal office and committee staff to discuss our sector’s issues and get a sense for what the post-election Lame Duck session has in store. The meetings covered a broad range of topics including potential incentives for wood building product utilization as […]
Last Thursday, the U.S. DOT’s Federal highway Administration issues a Notice of Proposed Rulemaking for states and municipalities to track and reduce their greenhouse gas emissions in support of President Biden’s commitment to combat climate change and reduce costs for families in the U.S.
Negotiations are slowly progressing on a slimmed down Build Back Better bill that Democrat leadership in the Senate hope to unveil in the next few weeks and pass before the August Congressional recess. This week, Senate Democrats sent the prescription drug pricing piece of the proposal to the Senate Parliamentarian for review to ensure that the measure satisfies germaneness requirements of the budget reconciliation process
On Thursday, Representatives Glenn “GT” Thompson (R-PA-15) and Derek Kilmer (D-WA-6) introduced legislation to help increase awareness of existing workforce development programs now available to job seekers. The legislation, titled the Creating Opportunities to Thrive and Advance Act, would modify the existing Workforce Innovation and Opportunity Act (WIOA), which is the central statute governing workforce programs in the U.S. Specifically, the bill seeks to provide guidance to job seekers on career options in high-skill, high-wage, or in-demand industry sectors including the skilled trades.
This week, ABMA participated in meetings with staff from the House Ways & Means and Senate Finance Committees to explore the concept of a new tax credit that would incentivize low carbon building material construction in residential and commercial applications. Rep. Bruce Westerman (R-AR-04) has legislation pending known as the Trillion Trees Act that, among many other things, authorizes a “Low Carbon Building and Residence Credit.” The tax credit, which maxes out at 25 percent of a building’s purchase price, would be based on a carbon score to be developed by the Department of Energy.
The ink on the obituary for the House-passed, $1.7 trillion Build Back Better legislation is about dry. There is little, if any, discussion on Capitol Hill about that proposal currently and we do not expect that to change. However, discussions are picking up on a modified proposal that would embody some of the climate change aspects of that legislation with some key differences. Senator Joe Manchin (D-WV) is once again at the center of negotiations and he remains supportive of including the forestry and renewable energy tax credits that were part of the original bill.
Last Friday, Representatives Andy Levin (D-MI), Anthony Gonzalez (R-OH), Raja Krishnamoorthi (D-IL), and Bryan Steil (R-WI) introduced an amendment to the America COMPETES Act of 2022 (H.R. 4521) being debated by the House containing language similar to the JOBS Act and College Transparency Act (CTA). These two proposals have been a priority for national organizations promoting career and technical education (CTE) and alternative career pathways to the traditional 4 year college degree. The House approved the amendment by a vote of 238-193, and the entire America COMPETES Act then passed on a largely party-line 222-210 vote.
As we detailed on last Friday’s Advocate, the House of Representatives passed the Build Back Better Act and it proceeds now to the Senate. The House and Senate are in recess this week but will return to Washington next week. There are a couple of other items in the comprehensive bill to which we wanted to draw your attention. One of these is included in the green energy tax portion of the bill that was crafted by the House Ways and Means Committee and folded into the amended product that is on its way to the Senate.