August 17, 2021

$1T Infrastructure Bill Passes Senate

20190801-capitol-x300w.pngLast Tuesday, the U.S. Senate voted to approve a $1.2 trillion infrastructure bill that a group of bipartisan senators negotiated. The bill was passed by a vote of 69-30 (including Senator Mitch McConnell who was one of the 19 Republicans who voted for it). The bill contains approx. $550 billion for infrastructure such as roads, highways and bridges as well as broadband and more. Additional funding for transit and other projects such as clean water/wastewater and climate/energy/environmental initiatives should provide further funding for related projects that should also benefit our industry and put more members to work. However, the next hurdle will be trying to make it through the House, which is scheduled to begin their review when they return to session in September. For further details about the bipartisan Infrastructure Investment and Jobs Act (IIJA) from ARTBA click here or click here to see their state-by-state breakdown for related highway appropriations.

Meanwhile, the Senate also recently passed (50-49) a $3.5 trillion budget blueprint this past week which is said to be a sweeping package of education, healthcare, climate and other provisions. A host of difficult decisions and fierce negotiations is sure to take place in the months ahead and we will do our best to keep you informed of the most recent and relevant developments.

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