A voluminous House-Senate conference agreement that would revamp federal financial regulation has cleared the House and awaits a vote in the Senate, where Democrats are trying to pick up enough votes for passage. The measure was approved by the House on June 30 by a 237-192 vote, generally along party lines. A Senate floor vote is the next step. The package was amended the day before the House floor vote in an attempt to draw enough votes to get it through the Senate. The amendment would omit a $19-billion fee to be charged to large banks and hedge funds and
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.