Factbox-What’s in the bipartisan U.S. $1 trillion infrastructure bill? By Reuters
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WASHINGTON (Reuters) – The Democratic-controlled U.S. House of Representatives are discussing whether to vote on Friday on a roughly $1 trillion bipartisan infrastructure bill to update America’s roads, bridges and broadband networks, passed by the Senate in August.
It is President Joe Biden’s number one domestic priority and contains $550 billion of new spending. The $1 trillion remaining is funding that was previously approved.
These are just a few of the details:
NEW SPENDING
* Roads, bridges and major projects: $110 billion
* Passenger and freight rail: $66 billion
* Broadband infrastructure: $65 billion
* Water infrastructure, such as eliminating lead pipes: $55 billion
* Public transit: $39.2 billion
* Resiliency, including flood and wildfire mitigation, ecosystem restoration, weatherization and cybersecurity: $47.2 billion
* Electric vehicle infrastructure, including chargers: $7.5 billion
* Addressing legacy pollution including cleaning up brownfield and Superfund sites, reclaiming abandoned mine lands, plugging orphan oil and gas wells: $21 billion
NEW FINANCING
There are a variety of financing options for the plan, such as the following and revenue gains over the next ten years, according to the nonpartisan Joint Committee on Taxation (JCT) and the Congressional Budget Office.
* Repurposing unused COVID-19 relief funds: $210 billion
* Sales of future spectrum auctions and proceeds of February 2021 c-band auction: $87 billion
* Economic growth: $56 billion
* Return of unemployment insurance funds from some states: $53 billion
* Delaying Medicare Part D rebate rule: $51 billion
* Applying information reporting requirements to cryptocurrency: $28 billion
* Reinstating Superfund fees: $14.5 billion
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