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Stock impact report

Congress approves sweeping military housing overhaul [Reuters]

BALFOUR BEATTY S/ADR (BAFYY) 
NASDAQ:AMEX Investor Relations: balfourbeatty.com/investors
Company Research Source: Reuters
U.S. Congress approves sweeping military housing overhaul (Reuters) - The U.S. Congress on Tuesday approved the largest overhaul to the American military’s housing program in more than two decades, vowing to end slum-like living conditions and hold private landlords and defense officials accountable for them. The reforms, included in the yearly National Defense Authorization Act, aim to protect some 200,000 military families living on U.S. bases from health hazards including mold, lead, asbestos and pest infestations. The problems have been detailed by Reuters since last year in a series of investigations, Ambushed at Home. To read the stories, click: reut.rs/2PuMyoG The congressional action was prompted by the Reuters reports and a growing chorus of complaints from military families who joined forces to decry substandard living conditions. In all, Congress approved more than $300 million in 2020 funding for the measures, including provisions to combat landlord fraud and protect fami Show less Read more
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