Congress Takes Up Other Issues on MCAA's Legislative Agenda
The Keystone Pipeline vote is expected in the Senate this week, with 63 votes expected to support the measure, just shy of the 67 needed to override a promised presidential veto. The bill may be amended to include energy efficiency incentives for commercial buildings. The Federal Terrorism Risk Insurance Act, the first bill approved by both chambers in the 114th Congress, extends the federal reinsurance program for losses from terroristic events for six years, raises the loss threshold from $100 million to $200 million and increases the loss deductible percentage payment from 15% to 20%. The President is expected to sign the measure. The pension reform coalition was briefed this week by Congressional staff on key committee plans to consider Phase 2 of the pension reform proposal pertaining to the NCCMP's alternate plan designs in its Solutions Not Bailouts (SNB) proposal. MCAA and Horizon Actuarial Services will be briefing several MCAA local affiliates in the coming weeks on the content on the Kline-Miller Multiemployer Pension Plan Reform Act of 2014 that was just enacted into law and aspects of the SNB composite plan that key Congressional leaders have promised to consider in the 114th Congress. Please plan to attend the MCAA/Quality Construction Alliance National Issues Conference (April 27-29, Washington, DC) and join your MCAA member colleagues in helping to push Phase 2 of the multiemployer pension plan reform across the finish line in the 114th Congress.