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President signs health care, ‘jobs’ bills; PPI rises for materials, falls for projects

Post Time:Mar 24,2010Classify:Industry NewsView:80

President Obama today signed the Patient Protection and Affordable Care Act, the health care bill passed by the Senate on Christmas Eve and by the House late on Sunday [March 21]night. The impact on construction will depend in part on whether a package of changes to the Senate bill that the House passed separately on Sunday becomes law. The Senate is debating those changes now. The Act generally exempts employers with fewer than 50 employees from some coverage mandates or penalties; however, a provision introduced by Sen. Jeff Merkley (D-Oregon) sets the threshold at fewer than five employees for construction employers. The pending bill would restore construction to parity with other industries, according to a March 23 Data DIGest report.

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