Shapiro, Lifschitz & Schram

“They establish very strong relationships with opposing counsel and make a difficult transaction happen without bumps and bruises.”

Marty Saturn – Executive Vice President, Meisel Capital Partners

PRESIDENT INTRODUCES JOBS BILL DESIGNED TO CREATE NEW EMPLOYMENT OPPORTUNITIES FOR THE CONSTRUCTION INDUSTRY

On Thursday, President Obama introduced the American Jobs Act in front of a joint session of Congress.  The Act, as heralded by the administration, is designed in part to create new jobs for the construction industry.  In introducing the Act, the President said:

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This is the American Jobs Act. It will lead to new jobs for construction workers. . . .  It will provide tax credits to companies that hire new workers, tax relief for small business owners, and tax cuts for the middle-class.

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The President encouraged Congress to pass the Act, citing a number of construction projects the Act would support in an effort to put Americans back to work and begin rebuilding the American economy.

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Pass this jobs bill, and we can put people to work rebuilding America. Everyone here knows that we have badly decaying roads and bridges all over this country. Our highways are clogged with traffic. Our skies are the most congested in the world.

This is inexcusable. Building a world-class transportation system is part of what made us an economic superpower. And now we’re going to sit back and watch China build newer airports and faster railroads? At a time when millions of unemployed construction workers could build them right here in America?

There are private construction companies all across America just waiting to get to work. There’s a bridge that needs repair between Ohio and Kentucky that’s on one of the busiest trucking routes in North America. A public transit project in Houston that will help clear up one of the worst areas of traffic in the country. And there are schools throughout this country that desperately need renovating. How can we expect our kids to do their best in places that are literally falling apart? This is America. Every child deserves a great school – and we can give it to them, if we act now.

The American Jobs Act will repair and modernise at least 35,000 schools. It will put people to work right now fixing roofs and windows; installing science labs and high-speed internet in classrooms all across this country. It will rehabilitate homes and businesses in communities hit hardest by foreclosures. It will jump-start thousands of transportation projects across the country. And to make sure the money is properly spent and for good purposes, we’re building on reforms we’ve already put in place. No more earmarks. No more boondoggles. No more bridges to nowhere. We’re cutting the red tape that prevents some of these projects from getting started as quickly as possible. And we’ll set up an independent fund to attract private dollars and issue loans based on two criteria: how badly a construction project is needed and how much good it would do for the economy.

This idea came from a bill written by a Texas Republican and a Massachusetts Democrat. The idea for a big boost in construction is supported by America’s largest business organisation and America’s largest labour organisation. It’s the kind of proposal that’s been supported in the past by Democrats and Republicans alike. You should pass it right away.

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The construction industry has suffered in the current economic climate, with a sharp decrease in construction projects, increases in cancelled and abandoned projects, soaring energy costs and a lack of investment capital, leading to high rates of unemployment amongst construction workers.  Against this backdrop, it is no surprise that many in the construction industry are encouraged by the possibility of a bill designed to bring jobs to the construction industry.  Responding to the President’s Speech and the introduction of the Jobs Act, Mark H. Ayers, President of the Building and Construction Trades Department, had the following to say:

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America's Building Trades Unions are encouraged that after so much recent attention on deficit reduction, President Obama has challenged Congress to address the crisis facing our members, their families and so many Americans by presenting a series of proposals aimed at turning our struggling economy around and putting us back to work. Nowhere is the jobs crisis being felt more than in the construction industry, where the lack of jobs remains at historical highs and where investments in commercial and industrial construction as well as transportation infrastructure remain at generational lows.
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Our members are tired of politics and demand action. President Obama has put forth a plan that will help restore confidence in our economy in both the near and long term. We call on Congress to act and look forward to working with the Administration and Congress on all elements of this proposal. This isn't the President's burden to carry alone.

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The bill faces significant opposition in Congress and whether, and in what form, the bill will become law is yet to be determined.  The administration has published a “fact sheet” to describe the key features of the American Jobs Act as proposed by the President on Thursday which can be accessed at the following link:  http://www.whitehouse.gov/the-press-office/2011/09/08/fact-sheet-american-jobs-act

Did You Know . . .

Members of the SLS trial group have tried in excess of 50 jury trials and 75 bench trials?

The SLS construction group has worked on sports stadiums across the country including Orioles Park in Baltimore and Paul Brown Stadium in Cincinnati?

The SLS construction group has worked on power plant projects across the country?

In 2007 SLS was selected for an Honorable Mention as one of the Best Places To Work in Washington DC?

Ron Shapiro, Steve Schram and Judd Lifschitz have all been selected as SuperLawyers by Law and Politics?

The SLS office building is an historic townhouse constructed in the late 1800s?

SLS has been selected by Martindale-Hubbell as a Preeminent Law Firm?

SLS trial lawyers have argued appeals in the U.S. Circuit Courts of Appeal for the 4th, 5th, 9th, D.C. and Federal Circuit?

SLS trial lawyers have been lead trial counsel in cases in Arizona, California, District of Columbia, Florida, Louisiana, Maryland, New Jersey, New York, North Carolina, Oregon, Texas, and Virginia, - to name just a few?

Virtually all the cases that SLS trial lawyers mediated have been favorably settled at mediation?

The transactional group at SLS was lead counsel on one of the largest, most complex mixed-use projects in downtown Washington, DC involving 4 lenders and 6 property owners?

In appreciation for the outstanding efforts of each of its employees during 2007, SLS gave everyone (attorneys, paralegals, and staff) a 4 day/3 night expense paid trip to Key West, Florida?

The transactional group at SLS has represented tenants in more than 200 retail leases in the Mid-Atlantic region?

Every attorney in the transactional group at SLS has at least 15 years experience?

The transactional group at SLS has represented developers in the purchase, construction, financing and/or sale of more than 75 multi-family apartment projects?

The transactional group at SLS has represented real estate investors and developers with respect to property in Pennsylvania, West Virginia, Delaware, Maryland, the District of Columbia, Virginia, North Carolina, South Carolina, Georgia, Florida, Texas, Tennessee, Michigan and the U.S. Virginia Islands?

Attorneys in the transactional group at SLS have represented eight national banks in commercial real estate loans?

Attorneys in the transactional group at SLS have represented the FDIC, the Resolution Trust Corporation and several banking institutions in loan workout transactions throughout the Mid-Atlantic region?

The transactional group at SLS has represented homebuilders and commercial real estate developers in work-outs of individual loans and also for work-outs of large portfolios involving dozens of properties in several states?

The trial lawyers of SLS have numerous reported decisions to their credit?