AGC Reacts to Rejection of Bailout Plan

The Associated General Contractors of America (AGC) today expressed disappointment in the U.S. House of Representatives for failing to pass the bipartisan Emergency Economic Stabilization Act of 2008 (EESA) by a vote of 228-205.

|!|This legislation was a move that we believe would have restored confidence in the financial markets|!| said Stephen E. Sandherr chief executive officer of AGC. |!|We’re disappointed and we hope that members of Congress who opposed this bill will reexamine their positions so we don’t face the financial crisis that has been predicted.|!|

Congress has one more opportunity to act on the legislation this week and AGC its members and Chapters across the country continue to push for action that will infuse money into the system ensure economic growth and job creation.

The Associated General Contractors of America (AGC) is the largest and oldest national construction trade association in the United States. AGC represents more than 33000 firms including 7500 of America’s leading general contractors and over 12500 specialty-contracting firms. More than 13000 service providers and suppliers are associated with AGC through a nationwide network of chapters. The web site is www.agc.org.