details of Biden’s $1 trillion infrastructure bill -Breaking
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© Reuters. FILE PHOTO. U.S. President Joe Biden speaks about the Build Back Better Agenda and bipartisan infrastructure agreement, while Vice President Kamala Harris is beside him. This was during an address from the East Room at the White House, Washington, U.S.A, OctoWASHINGTON, (Reuters) – The U.S. House of Representatives was set to vote Friday on a bill which would increase spending on roads and bridges as well as other infrastructure. This is a key component of Democratic President Joe Biden’s domestic agenda.
The Senate approved bill will be signed into law by Biden if it passes.
These are the main elements of this package.
NEW SPENDING
$110 billion – Major projects, roads and bridges
– $66 Billion in passenger and freight rail
– $65 Billion Broadband Internet Infrastructure
$55 Billion – Water infrastructure such as the elimination of lead pipes
– $39.2B Public Transit
Electric grid upgrades: $73 billion
$47.2 Billion – Disaster resilience, which includes flood and wildfire mitigation and ecosystem restoration. Weatherization, cybersecurity, and weatherization
– Electric vehicle chargers, and other infrastructure: $7.5 million
Clean up of polluted areas, reclamation abandoned mines, and plugging oil-and gas wells. $21 billion
$17.5 billion – Electric school bus, low emission buses, and ferry
$1 Billion – Connecting inner-city communities that have been separated by freeways and other transport lines.
$25 billion – Airport improvements and maintenance
Port and waterway improvement: $17 Billion
NEW FINANCING
Application of information reporting requirements for cryptocurrency: $28 Billion
– Reinstating Superfund fees: $14.5 billion
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