H.R. 5876: Keep America Building Act

This bill, titled the Keep America Building Act, aims to ensure that federal contracts related to specific projects remain active and the work continues without interruption during periods when appropriations are unavailable, commonly referred to as government shutdowns. The key provisions of the bill are outlined below:

Purpose of the Bill

The main goal of the bill is to prevent any suspension, delay, or interruption of work on projects funded by federal contracts when there is a lapse in appropriations. This aims to provide stability for projects that may otherwise be halted due to funding issues caused by government funding gaps.

Key Provisions

• Continuation of Work: The bill mandates that federal funds cannot be used to suspend or interrupt any part of the work outlined in a contract during a funding lapse.
• Protection for Contractors: By ensuring that contracts remain in effect, the bill protects contractors and the workforce involved in ongoing projects from the repercussions of funding interruptions, potentially stabilizing employment and project timelines.

Impact of the Bill

This legislation seeks to alleviate complications that can arise during periods of political stalemate regarding funding, which can lead to delayed infrastructure projects, harm to contractors, and economic uncertainty. By keeping projects on track, the bill aims to promote continued investment in infrastructure and public works, fostering economic growth even in the face of government funding challenges.

Relevant Companies

• FLR - Fluor Corporation: As a major contractor involved in construction and engineering, Fluor could benefit from uninterrupted federal projects.
• CCK - Crown Holdings, Inc.: Involved in the packaging sector, this company could see steady demand for services related to government contracts if projects underway are not delayed.
• SEB - Seaboard Corporation: This company operates within the meat and grain processing sectors, benefiting indirectly from stable infrastructure development, affecting transportation logistics.