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A massive Dept. of Defense authorization bill that, at press time, was awaiting President Obama’s signature includes a provision to eliminate much of the fraud in individual surety bonds.

One of the first priorities of new House and Ways Committee Chairman Kevin Brady (R-Texas) is expected to be a push to extend tax credits that expired at the end of 2014.

When, as expected, President Obama signs into law the National Defense Authorization Act, a new military spending bill, he probably won’t know about Section 874, which upgrades the minimum standards for surety-bond assets.

Extension through Dec. 4 would provide more time for negotiations on final multi-year bill.

President Obama’s Nov. 6 announcement that the State Dept. would not allow the Keystone XL pipeline to be built is a blow to contractors and construction unions that had strongly advocated for the project.