AGC Ltr. on the Coronavirus Aid, Relief, and Economic Security (CARES) Act
Dear Leader McConnell, Speaker Pelosi, and Minority Leaders Schumer and McCarthy,
The Associated General Contractors (AGC) of America appreciates your effort in addressing the novel coronavirus (COVID-19) pandemic currently facing our nation. H.R. 748, the Coronavirus Aid, Relief, and Economic Security (CARES) Act will provide construction employers and employees with critically needed access to capital, expedited cash-flow, worker benefit protection, and critical tax relief, among other things. The legislative provisions setting forth these initiatives are significant in these unprecedented times to the more than 27,000 member firms engaged in the construction industry that AGC represents.
Amid construction delays and shutdowns, this bill provides critical tax relief and access to capital that will help contractors continue operations and pay their workforce.