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US Government Averts Shutdown, Industry Leaders Discuss Impact10-04-23 | Legislation

US Government Averts Shutdown, Industry Leaders Discuss Impact

NAHB, AASHTO, and IA Share Perspectives on Potential Shutdown
by Staff

As the government narrowly avoids shutdown, the NAHB, AASHTO, and Irrigation Association discuss potential impacts on their sectors.

The U.S. government narrowly avoided a shutdown as President Joe Biden signed a temporary funding bill, providing a temporary reprieve through November 17, while lawmakers navigate budget negotiations. This last-minute action has significant implications for various sectors, including housing, transportation, and irrigation.

The National Association of Home Builders (NAHB), concerned about the potential fallout from a government shutdown, particularly regarding the National Flood Insurance Program (NFIP), worked closely with lawmakers to secure a bipartisan solution. The continuation of the NFIP for an additional 45 days is seen as crucial for ensuring stability and predictability in flood protection and mitigation strategies, which are vital for the residential construction industry.

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NAHB Chairman Alicia Huey emphasized the impact of a disruption to the NFIP, stating that it could lead to delays and cancellations in home sales and multifamily transactions reliant on federal flood insurance, even in the short-term.

According to the Irrigation Association, the potential government shutdown posed concerns for the irrigation industry. Nathan Bowen, Vice President of Advocacy and Public Affairs at the Irrigation Association, expressed the likelihood of a shutdown and its implications. These include disruptions in farm and conservation programs, delays in payments from federal customers, limited access to federal facilities, and website unavailability. Past shutdowns have ranged from a few days to over a month, causing widespread impacts on property sales and consumer confidence.

The American Association of State Highway and Transportation Officials (AASHTO) noted that, historically, government funding has relied on continuing resolutions (CRs) to sustain federal agencies temporarily. However, this year has seen challenges in passing a CR, particularly for the Transportation, Housing and Urban Development, and Related Agencies (THUD) appropriations bill. They stated that key surface transportation programs would be expected to continue functioning normally, even if a shutdown occurs.

https://irrigationandlighting.org/news/irrigation-industry-braces-for-impact-as-government-shutdown-looms-2/

https://www.nahb.org/blog/2023/10/congress-approves-funding

https://aashtojournal.transportation.org/aashto-outlines-transportation-impact-of-govt-shutdown/

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