President Signs Bipartisan Infrastructure Bill Into Law; New Funds to Become Available

Lewis Roca
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Lewis Roca

On Monday, President Biden signed the $1.2 trillion bipartisan Infrastructure Investment and Jobs Act into law. The measure will deliver $550 billion in new federal spending over 5-years and will direct $650 billion in already appropriated dollars into new and existing funding programs for project development that includes:

  • Modernizing electric utility grids;
  • Building and repairing roads, bridges, and major infrastructure projects;
  • Developing critical minerals;
  • Upgrading railways;
  • Deploying climate resiliency and environmental remediation projects;
  • Upgrading and expanding broadband;
  • Updating water systems, including lead pipe removal;
  • Expanding electric public transportation and charging station infrastructure;
  • Establishing transportation projects in rural areas; and
  • Revitalizing airports, ports, and waterways.

The full text of the Infrastructure Investment and Jobs Act can be found here.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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