Do you know what’s in the $1.2 Trillion dollar Infrastructure Investment and Jobs Act? If not, you’ve come to the right place to learn all you need to know about it.

On November 5th, the House of Representatives passed the Senate version of the Infrastructure Investment and Jobs Act (IIJA). The bill then headed to President Biden’s desk, where it became law on November 15th. It’s important to remember that the IIJA isn’t a stimulus bill and it’s not a response to a specific economic crisis. The IIJA represents a longer-term approach to rebuilding America through infrastructure.

The IIJA is a once-in-a-generation investment in America’s infrastructure. With a price tag of roughly $1.2 trillion dollars, it contains an estimated $550 billion in new spending above baseline levels. In short, the IIJA will rebuild America’s roads, bridges and rails. It has funding to expand access to clean drinking water and ensure every American has access to high-speed internet. It also has funding to help tackle the climate crisis, advance environmental justice, and invest in communities considered “left behind”. The legislation hopes to ease inflationary pressures and strengthen supply chains by making improvements to America’s ports, airports, rails, and roads. It aims to create good-paying union jobs and grow the economy by adding an average 1.5 million jobs per year for the next 10 years.

Sources:
https://www.brookings.edu/blog/the-av...
https://www.whitehouse.gov/briefing-r...
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