Sean Patrick Maloney: “I particularly congratulate the gentleman from California (Mr. Horn) with whom I have worked in a constructive way on…”

“I particularly congratulate the gentleman from California (Mr. Horn) with whom I have worked in a constructive way on many pieces of legislation before this body and the gentleman from Pennsylvania (Mr. Gekas) who likewise led on this effort and the gentleman from Virginia (Mr. Davis) who led actually a task force over the last summer between the different bodies that came forward with a consensus and compromise bill. And finally the stakeholders, all of the industries involved, over 25 industries came together and signed their own contract in support of the legislation and their pledge to work to pass it. So it has indeed been a combined effort which will ultimately not only help the employers and the employees but the American taxpayer, because the cost of the jobs will go down because those bidding on them will know that the risk of not being paid will now be covered and that risk will not be built into their bid. So it has been a day where everyone benefits in our country and I am very proud to have been part of the team that made this happen. This is truly a historic day for the construction industry and their workers.”