ACEC National Alerts: Your Help Needed!
Please be advised of multiple upcoming issues related to the federal government.
Take Action on R&D Amortization!
This is a follow up to a previous action alert. ACEC National is calling on us to contact our federal delegation to cosponsor bipartisan legislation repealing Section 174 R&D amortization requirement.
The House bill will be introduced in February by Congressmen Ron Estes (R-KS) and John Larson (D-CT) and the Senate bill by Senators Maggie Hassan (D-NH) and Todd Young (R-IN). The congressional staff have asked us to help build cosponsors for the legislation before they introduce so they can start with a strong show of support. You can access the action alert system here.
FYI: From Matt Reiffer at ACEC National Related to State DOT Funding
I want to alert you to an issue involving an accounting mix-up at the U.S. Department of Transportation that may cause problems for State DOT funding down the road. AASHTO has an informative article on it, which you can access here and which I've pasted, below.
Essentially, two different DOT accounting systems show a $3.5 billion discrepancy in the amount of federal spending that the states can access. FHWA officials and external auditors are working to identify the root cause and determine potential fixes.
Right now, it is our expectation that the issue should not impact the total amount of highway funding that the states are able spend. However, it may disproportionately impact certain programs that make up the majority of the funding that would be rescinded, depending on how the adjustment is ultimately calculated and resolved.
Since you may hear about this issue in your conversations with your State DOTs, we wanted to be sure you were aware. If you get questions or comments about the situation, please let us know. We met today with the staff for one of the Senate committees of jurisdiction, and they are closely monitoring the issue and the potential need for a legislative fix.
If you want to do a much deeper dive into the background and status, the Eno Center for Transportation has a very detailed and informative piece here.