Senate Passes Huge Infrastructure Bill, What's Inside And What About The House?

Invest in America

Today the Senate passed a Bipartisan Infrastructure Bill. Let's take a look at the Infrastructure Details

Infrastructure Details

  • $110 billion would go toward roads and bridges
  • $66 billion investment in rail maintenance, modernization and expansion, most of which will go to Amtrak.
  • $39 billion to modernize and make public transit more accessible to the disabled and elderly. Significant chunks of that money will go to major city transit systems, like New York City’s, based on federal funding formulas.
  • $11 billion in funding for highway and pedestrian safety program
  • $65 billion for expanded access to broadband, including by providing low-income households a $30 monthly voucher to pay for internet service.
  •  $65 billion allocated for improving the electrical grid and energy production 
  • $50 billion to bolster the country’s infrastructure generally against climate change and cyberattacks. 
  • $55 billion will go toward clean drinking water 
  • $21 billion in removing pollution from soil and groundwater, job creation in energy communities and a focus on economic and environmental justice. T
  • $73 billion to update and expand the power grid.
  • $7.5 billion will go to implementing a network of electric vehicle chargers
  • Another $7.5 billion will be used for zero-emission or low-emission buses and ferries. 
  • Ports and airports will be boosted with $42 billion in new spending.

What's Missing in the $1 Trillion Package?

The above items total approximately $612 billion out of a bill that authorizes roughly $1 trillion (I have not seen an exact number).  

Other specifics are buried in the Text of 2702 Page Bill. Part of the confusion is new spending vs existing spending.

The bill allegedly authorizes about $550 in new spending of which $612 billion is listed above, perhaps with some overlaps.

How Will This Be Paid For?

  • $200 billion in repurposed funds originally intended for coronavirus relief but left unused
  • About $50 billion will come from delaying a Trump-era rule on Medicare rebates
  • $50 billion from certain states returning unused unemployment insurance supplemental funds. 
  • The negotiators also expect about $30 billion will be generated from applying information-reporting requirements for cryptocurrency
  • Nearly $60 billion will come from economic growth spurred by the spending
  • $87 billion from past and future sales of wireless spectrum space. 
  • A series of smaller pay-fors are expected to make up the difference.
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