A major revision of federal financial regulations has cleared its final congressional hurdle, with the Senate's approval on July 15 of the wide-ranging measure. The bill, named for its main authors, Sen. Christopher Dodd (D-Conn.) and Rep. Barney Frank (D-Mass.), now goes to the White House. Related Links: Financial Bill May Tighten Construction Credit President Obama is expected to sign the legislation during the week of July 19, Senate Majority Leader Harry Reid (D-Nev.) said. Senate passage came on a 60-39 vote as Republicans Scott Brown (Mass.) and Susan Collins and Olympia Snowe, both from Maine, joined 57 Democrats to
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.