BAC's Statement on Passage of the Infrastructure Investment and Jobs Act of 2021
[Washington, D.C.] August 10, 2021 – Investment in our nation’s infrastructure is long overdue, and passage of the bipartisan Infrastructure Investment and Jobs Act (IIJA) represents an important step in the right direction.
We appreciate President Biden’s leadership, along with the bipartisan coalition that negotiated the framework for IIJA. IIJA provides important investment in many infrastructure priorities including roads and bridges, rail, transit, ports, airports, the electric grid, water systems, and broadband. The IIJA provides an investment of $1.2 trillion, including $550 billion in new spending over five years.
BAC President Tim Driscoll said, “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. 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 as Congress turns to the Budget Reconciliation process.”