Infrastructure Investment and Jobs Act – Summary of Key Programs and Provisions

The Infrastructure Investment and Jobs Act (the “bill”) is historic and transformational legislation that, when it becomes law, will make available $1.2 trillion in funding for infrastructure programs across the transportation, energy and water sectors, through a combination of grants, loans and tax incentives. Of the $1.2 trillion in spending, $550 billion is new federal spending not previously authorized. The bill also reauthorizes the highway, public transportation and rail programs for five years.

On August 10, the Senate approved the bill with bipartisan support. While the timeline for approval in the House is unclear, all indicators suggest that the House will pass the bill. To that end, we are pleased to provide an analysis of the bill with an emphasis on new programs and policies.

Infrastructure Investment and Jobs Act – Summary of Key Programs and Provisions