Progress Made on Federal Infrastructure Bill

Published On
Aug 9, 2021

The $1.2 trillion infrastructure plan proposed by the White House earlier this year was expected to pass the Senate the weekend of August 7-8 and move on to the House of Representatives, but, as of August 9, a vote is now expected sometime August 10.

Bipartisan support from the senators, and general support from the public, seems to be strong, especially since the senators see the amount of money that would be earmarked for projects in their states—all of which bodes well for its passage. If the bill does pass in the Senate, it would be sent back to the House of Representatives, which would take it up in September after its summer break.

If the bill does end getting signed into law, what does this mean for infrastructure improvements? There are numerous areas that will be addressed, according to a July 28 briefing from the White House.

The nation’s electric grid would receive a $73 billion investment—the single largest investment in clean energy transmission in the nation’s history. The upgrades would include building thousands of miles of new transmission lines to facilitate the expansion of renewable energy. It would also create a new Grid Deployment Authority, which would be set up to invest in research and development for advanced transmission and distribution technologies, as well as to promote smart grid technologies.

Funding would also be made available for the expansion of electric vehicle (EV) infrastructure, to the tune of $7.6 billion. This money would be earmarked to build out a national network of EV charging stations along highway corridors and within communities.

The bill also includes large earmarks for electric buses; airports, ports, and waterways; road, bridges, and major projects; public transit, passenger and freight rail; resilience and water infrastructure in the West; clean drinking water; high-speed broadband internet; and environmental remediation.

As to how these projects would be funded, according to the White House briefing, the $1.2 trillion would be financed through “a combination of redirecting unspent emergency relief funds, targeted corporate user frees, strengthening tax enforcement when it comes to crypto currencies, and other bipartisan measures, in addition to the revenue generated from higher economic growth as a result of the investments.”

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