If someone asked you, “Hey, so what’s in this infrastructure bill that just passed?” could you answer them?
I want to talk about how we message this win over the coming weeks and months in my next post, but in order to do that, it’s important to know what’s in it. So here’s an overview of the Infrastructure Investment and Jobs Act:
Roads & Bridges
$110B to repair highways, bridges and roads
$11B for transportation safety efforts
$1B to reconnect particularly Black neighborhoods that were divided by a highway going through the middle of them
$39B to expand transportation systems, improve access for people with disabilities, funds for state and local governments to buy zero or low emissions buses, and to tackle the backlog of repairing buses, trains, and stations
$66B to improve Amtrak rail services
$7.5B for electric car charging stations across the nation
$5B for electric school buses
$65B for broadband access to improve internet access for rural and tribal communities, and programs to lower the cost of access for low income households
Modernizing the Electric Grid
$65B to improve the reliability of the power grid and investments into more environmentally friendly electricity sources
Airports & Ports
$25B to improve airport runways, gates, terminals, and traffic control towers
$17B to repair ports, tackle backlogs, and reduce congestion
$15B to replace lead pipes
$10B to tackle water contamination issues
Moody’s Analytics says that this bill will add an average of 1.5 million jobs per year for the next 10 years. (Source)
Also, this bill is being paid for primarily by using unspent funds from other programs, like unused COVID relief funds. MarketWatch has a great breakdown of the pay-fors HERE.
I saw some confusion online this weekend, so to be clear, the Infrastructure Investment and Jobs Act (also referred to as BIF or the bipartisan infrastructure bill) was passed by the Senate back in August (with a dozen or so Republicans voting for it) and passed the House this past Friday (also with a handful of GOP votes.) It is now on Biden’s desk for his signature. It is a done deal.
The Build Back Better bill (BBB) has not yet passed either chamber but a lot of the recent news articles about infrastructure has been about this bill. This is the bill that’s full of social investments, and weaves perfectly with BIF to create a holistic infrastructure foundation. The House is not in session next week, but expect there to be a vote on the bill the week after that. This bill will not need any Republican Senators to pass because the Democrats are using a process called reconciliation which bypasses the filibuster.