United States:
President Biden To Sign Infrastructure Investment And Jobs Act – Summary Of Key Programs And Provisions
11 November 2021
by
Susan H. Lent
,
Scott M. Heimberg
,
Ed Pagano
,
Ryan Thompson
,
Matthew A. Kapinos
,
David H. Quigley
,
Jennifer Richter
,
Matthew B. Berry
,
Natasha Kohne
,
Michelle Reed
,
Kelly Cleary
,
Zachary Rudisill
,
Kenneth John Markowitz
,
Randall W. Sifers
,
Christopher Treanor
,
Molly Whitman
,
Galen Roehl
,
Kendall Hussey
,
Preston James Wise
,
Caroline Kessler
and
Christina Barone
Akin Gump Strauss Hauer & Feld LLP
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The Infrastructure Investment and Jobs Act (the
"bill") is historic bipartisan legislation that will make
available $1.2 trillion in funding for infrastructure programs
across the transportation, energy and water sectors, through a
combination of grants and loans. Of the $1.2 trillion in spending,
$550 billion is new federal spending not previously authorized. The
bill also reauthorizes the highway, public transportation and rail
programs for five years. On Friday, November 5, the U.S. House of
Representatives passed the bill by a vote of 228 to 206 after weeks
of negotiations. The bill, which the Senate passed in August, now
heads to President Biden's desk to be signed into law.
To that end, we are pleased to provide an analysis of the bill with an emphasis on new
programs and policies.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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