News

Federal Judge Imposes Injunction Against DOL’s Controversial Overtime Rule:

ABC praises the U.S. District Court for the Eastern Districtof Texas for issuing a preliminary injunction blocking the U.S. DOL’sburdensome and costly overtime final rule. Prior to the injunction the rule was scheduled to go into effect onDecember 1st and would have doubled the current minimum salarythreshold for employees that are exempt from overtime pay and would automaticallyincrease every three years.  Construction contractors are pleased that the court hasstepped in to provide relief from another overreaching and burdensomeregulation from the Obama administration’s Labor Department.  The rule would have taken workplace flexibilityaway from employers and may have required some employers to consider switching certainemployees from salaried to hourly positions. Additionally, the rule would have had a significant impact on commercialand industrial construction projects “since many of them last longer than threeyears” and are carefully planned to stay on time ... Read the rest of entry »

Associated Builders and Contractors Congratulates President-elect Trump

WASHINGTON, D.C., Nov. 9– Associated Builders and Contractors (ABC) today released the following statement on the election of Donald Trump as president of the United States.“Associated Builders and Contractors congratulates President-elect Donald Trump and Vice President-elect Mike Pence and looks forward to working with this administration to craft policies rooted in free enterprise that will encourage open competition and result in greater business investment and more construction jobs,” said ABC President and CEO Michael Bellaman. “With his background in real estate and development, Trump is very familiar with the obstacles to economic growth ABC members face, including our broken regulatory system, the increasingly difficult challenge of finding affordable health care coverage for employees, a growing shortage of appropriately skilled labor and the highest effective tax rate of any industry. We are hopeful that Trump will select judicial nominees that respect the traditional princi ... Read the rest of entry »