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New roads, electric school buses, Great Lakes restoration and more

Top line

The House passed one of the largest infrastructure packages in U.S. history on Friday night after months of bipartisan negotiations and tense political struggles, backing up to $ 1.2 trillion in funds, including $ 550 billion in new investments, for bridges, airports, waterways, transit, and more — here’s everything you need to know about where massive spending is going.

Highlights

Roads and bridges: Headlining the 2,702 pages invoice, about $ 110 billion in new money would be used to improve the country’s roads and bridges and to invest in other major transportation programs.

Public transport: The package also includes the largest federal investment ever in public transit, allocating $ 39 billion to modernize systems, improve access for seniors and people with disabilities, and repair more than 24,000 buses, 5 000 cars and thousands of kilometers of railroad tracks.

Amtrak: The legislation marks the largest investment in passenger rail since Amtrak’s inception 50 years ago, with $ 66 billion earmarked for high-speed rail, safety improvements, Amtrak subsidies and modernization of the railroad connecting Washington, DC, to Boston.

High-speed Internet: Tackle billions authorized Per last year’s U.S. bailout, the infrastructure bill includes $ 65 billion to bolster the nation’s broadband infrastructure and help ensure every American has access to high-speed internet, with a focus on four should be eligible for a grant of $ 30 per month to pay for the internet.

Electric grid: Although many clean energy measures were removed from the bill to satisfy spending-weary lawmakers, an investment of $ 65 billion will help modernize the country’s electricity grid, with thousands of miles of new transmission lines. and funds for environmentally friendly smart grid technology.

Electric cars, buses and ferries: In addition to $ 7.5 billion for the nation’s first network of electric vehicle chargers along highway corridors, lawmakers have funded $ 5 billion for zero-emission buses (including thousands of electric school buses) and $ 2.5 billion for ferries.

Clean drinking water: In the wake of high-profile water supply crises afflicting cities like Flint, Michigan, the legislation includes a $ 55 billion provision to replace all lead and service lines nationwide, the largest investment ever in drinking water.

Large rivers and lakes: Among the 48 billion dollars of the bill for the improvement of hydraulic infrastructures, approximately 1 billion dollars is planned to move towards the Great Lakes Restoration Initiative, a sweeping clean-up action targeting toxic hot spots – or areas of high industrial pollution – around the Great Lakes region.

Airports: Over $ 25 billion has been allocated to help modernize U.S. airports – funds Airports Council International said will help tackle more than $ 115 billion in project backlogs.

Road safety: The agreement invests $ 11 billion in transportation safety programs, including a new program to help states and communities reduce accidents and fatalities in their communities, especially among cyclists and pedestrians.

Peg News

House lawmakers passed the bipartisan infrastructure investment and jobs law by 226 to 208 votes on Friday night, sending it to President Joe Biden’s office for signature almost two months after the Senate approved the bill for the first time.

Key context

Although President Joe Biden first published Its infrastructure proposal in March, Democratic Party leaders ran into opposition to the bill’s passage on both sides of the aisle. For months, Senate Democrats eager to boost clean energy funding chopped it up with Republicans tired of increased spending, until finally Okay on cost cuts of about $ 800 billion in June. But House progressives then threatened to withhold support for the bill if the Senate did not also move forward with Biden’s separate decision. Rebuild better budget proposal, which would allow spending for Democratic priorities that were not in the infrastructure package. The budget aims to use the Senate’s special reconciliation process to bypass Republican support and pass with just 51 votes instead of the usual 60. It would require a decisive vote from Vice President Kamala Harris and the support of the 50 Senate Democrats, including moderates like The Senses. Joe Manchin (DW.Va.) and Kyrsten Sinema (D-Ariz.), Both of whom balked at the initially offered price of $ 3.5 trillion. So far, weeks of negotiations have resulted in a cheaper $ 1.8 trillion proposal.

Large number

$ 256 billion. This is how much the Congressional Budget Office estimates that the infrastructure bill could increase the country’s budget deficit over the next 10 years, meaning that nearly half of the new spending proposed in the program could end. by adding to the country’s $ 29 trillion debt.

What to watch out for

House leaders are now hoping to adopt the Build Back Better plan later this month. Even if the bill passes the lower house, however, Manchin and Sinema have yet to explicitly support the lean proposal. On Monday, Manchin said Democrats “must allow time for full transparency and analysis” of the bill before pushing it forward.

Further reading

House passes bipartisan infrastructure bill after days of arguing – but Democrats’ social spending bill delayed (Forbes)

Biden unveils new social spending proposal – here’s what’s left after $ 2 trillion in cuts (Forbes)

Here’s why Democrats’ $ 3.5 trillion budget plan could impact every American (Forbes)

Senate passes $ 1.2 trillion infrastructure bill after months of negotiations – here’s what’s next for Biden’s agenda (Forbes)

“Stop playing games”: Manchin demands progressive pass infrastructure package, but refuses to cover expense bill (Forbes)


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