Congress Scraps 3% Contractor Payment Withholding Rule

Law360, New York (November 17, 2011, 4:04 PM EST) -- After passing both chambers of Congress, a bill that would repeal an unpopular rule requiring the government to automatically withhold 3 percent from payments to contractors was sent Wednesday to President Barack Obama, who has said he will sign the bill.

The repeal bill, H.R. 674, was passed unanimously in the U.S. House of Representatives and Senate by votes of 422-0 and 95-0, respectively, after the inclusion of a Democratic amendment to help veterans get jobs and a Republican amendment to trim federal costs by excluding...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.