Senate Unveils Nearly $1T Infrastructure Bill
Updated: Aug 2, 2021
What Happened:
On Sunday evening, Senators finally released the details of a nearly $1 trillion bipartisan infrastructure bill.
The enormous 2,700 page bill took weeks of negotiation and marks another step towards achieving one of the Biden administration’s key campaign goals.
Said Senate Majority Leader Chuck Schumer (D), “We haven’t done a large, bipartisan bill of this nature in a long time.” He also added that the vote could happen in a few days.
Over half the bill, $550 Billion, is dedicated to new federal spending, $73 billion to rebuild the electric grid, $66 billion for passenger and freight trains, $65 billion to expand Internet access, $55 billion for waste and water infrastructure, $40 billion for bridges, $39 billion to help modernize public transit and $7.5 billion to help create a network of charging stations for electric vehicles.
Despite the bipartisan participation in developing the bill, it will now have to muster enough Republican support to pass in the Senate, which is far from guaranteed.
Photo Source: pixabay
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