Bipartisan Infrastructure Investment Passes
The Infrastructure Investment and Jobs Act of 2021 (IIJA) was signed into law on November 15. IIJA passed with bipartisan support and represents the largest investment in our nation’s infrastructure in history.
The $1 trillion investment includes funding for many core infrastructure priorities including:
- Roads and bridges
- Passenger and freight rail
- Public transit
- Ports and waterways
- Water infrastructure
- Power grid and resiliency
- Clean school buses and ferries
- Electric vehicle charging
At the signing ceremony, President Biden emphasized that the IIJA will create good-paying job opportunities for Americans by focusing on prevailing wages and the free and fair chance to join a union.
BAC appreciates President Biden’s leadership, along with the bipartisan coalition that negotiated the framework for the bill, to pass this long overdue investment to our nation’s infrastructure. The IIJA provides an investment of $1.2 trillion, including $550 billion in new spending over five years.
“BAC has long supported comprehensive investment in our nation’s infrastructure, broadly defined. While IIJA represents a good start, we must continue to work to make sure that other vital infrastructure needs are not neglected,” said President Driscoll when the bill was signed. “Investment in our infrastructure including schools, housing, hospitals, public safety and other government buildings is critically important. We must do everything we can to make sure that these priorities are addressed.”