NJBIA's Annual Public Policy Forum - Planning Prosperity REGISTER NOW

After weeks of negotiations, the U.S. Senate voted to move forward with a $1 trillion bipartisan infrastructure deal that includes $550 billion in new spending to upgrade the nation’s roads, bridges, pipes, ports, airports, mass transit, and Internet connections.  

Funding for pollution remediation, power grid reliability improvements, and clean energy initiatives such as electric vehicles and charging stations, are also part of the plan, which cleared its first procedural hurdle Wednesday by a 67-32 vote – seven more than the 60 votes required to end a Senate filibuster. 

NJBIA joined more than 120 national, state and local business and manufacturing organizations last week in calling for Congress to advance the bipartisan infrastructure framework after Senate Republicans blocked an earlier attempt to move ahead with debate on an infrastructure bill July 21. 

“Manufacturers have spent years calling for bold, bipartisan infrastructure investments that bolster America’s competitiveness, and now is the time to act on this historic opportunity,” the groups wrote in a July 22 letter to members of Congress.  

The infrastructure deal agreed to Wednesday would include $110 billion for roads and bridges and $39 billion in new funding to modernize public transit and replace thousands of buses with zero-emission vehicles. There would be $66 billion for passenger and freight rail systems, including Amtrak, as well as $15 billion for electric vehicles, including building a national network of EV charging stations. 

Other highlights include: $17 billion for ports; $25 billion for airports; $50 billion to better equip communities to withstand extreme weather events and cyberattacks; $65 billion to expand broadband Internet access; $55 billion for drinking water infrastructure; and a $73 billion in clean energy power transmission investments. 

Go here to read the White House briefing summary detailing the infrastructure agreement. The bill must still pass both houses of Congress before it can be signed into law by President Joe Biden.