House Passes Infrastructure Bill, Now Awaiting President’s Signature

The U.S. House of Representatives passed the bipartisan infrastructure package late Friday night, with a vote of 228 to 206. The bill passed the Senate 69-30. Now, the legislation heads to President Biden’s desk for a much-anticipated signature that will increase infrastructure spending by a projected $550 billion over the next decade. These dollars will be allocated for roads, rural bridges, rail, and various water projects. The bill also includes $65 billion to build out broadband infrastructure critical to rural America. As port congestion remains in the headlines, the more than $17 billion allocated for ports and inland waterways is hoped to relieve long-term issues. Sustainability projects such as watershed and flood prevention conservation, as well as carbon capture programs and electric charging ports are also included in the language. Read more on the newly passed infrastructure bill.