ACEC Urges House Passage of American Recovery and Reinvestment Act of 2009; Repeal of Unfair 3% Withholding Mandate.WASHINGTON -- The American Council American Council may refer to: In linguistics:
Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. Act of 2009. ACEC ACEC American Council of Engineering Companies (formerly American Consulting Engineers Council) ACEC American Consulting Engineers Council (now American Council of Engineering Companies) President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. David A. Raymond said: "These are critical investments in the nation's transportation, environmental, structural and energy infrastructure. The engineering industry is poised to assist state and local governments in taking on the additional planning, procurement, construction design and project management to ensure that these investments are injected into the economy rapidly." In a letter to Congress (full text below) Raymond also emphasized that state and local governments should be prepared to use these funds to move projects forward quickly to create new jobs, but also accommodate major infrastructure upgrades, not just take care of deferred maintenance. He added that projects that increase capacity, reduce congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. , improve safety, protect the environment, and address the nation's energy needs will sustain economic recovery over the long-term and foster the future competitiveness of our nation. "We are also encouraged that the bill repeals the onerous 3 percent withholding mandate," Raymond said. "If allowed to take effect, this mandate would have placed unfunded burdens on state and local governments and negatively affected businesses that provide critical services to the public." [TABLE OMITTED] The American Council of Engineering Companies (ACEC) is the business association of America's engineering industry, representing approximately 5,700 independent engineering companies throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. engaged in the development of America's transportation, environmental, industrial, and other infrastructure. Founded in 1909 and headquartered in Washington, D.C., ACEC is a national federation of 51 state and regional organizations. |
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