The General Contractors Association of Pennsylvania (GCAP) is a united group of union contractors who serve as a single, powerful voice for union construction from the union contractors point of view. GCAP continues to reach out to PA legislators, state officials, other advocacy groups, and the universe of union construction to formulate practical solutions to the issues facing our industry.
Amended Financial “Bailout” Bill - A Summary
The bill requires the financial industry to reimburse taxpayers for any net losses from the program after 5 years. the Treasury would be allowed to take ownership stakes in participating companies. The Treasury must set up an insurance program - to be funded with risk-based premiums paid by the industry - ... Read more
Summary of the Emergency Economic Stabilization Act of 2008 I. Stabilizing the Economy The Emergency Economic Stabilization Act of 2008 (EESA) provides up to $700 billion to the Secretary of the Treasury to buy mortgages and other assets that are clogging the balance sheets of financial institutions and making it difficult for ... Read more
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