What is included in the Infrastructure Investment and Jobs Act?
What is included in the Infrastructure Investment and Jobs Act?
The act was initially a $715 billion infrastructure package that included provisions related to federal-aid highway, transit, highway safety, motor carrier, research, hazardous materials, and rail programs of the Department of Transportation.
What is HR 3684 Infrastructure Investment and Jobs Act?
3684, the “Infrastructure Investment and Jobs Act,” which reauthorizes surface transportation programs for five years, through Fiscal Year 2026, and provides for a one-time transfer of funds from the General Fund into the Highway Trust Fund; authorizes programs for water, energy, and broadband infrastructure; and
What is infrastructure investment?
Infrastructure investments are a form of “real assets,” which contain physical assets we see in everyday life like bridges, roads, highways, sewage systems, or energy. Often, investors invest in infrastructure, as it is non-cyclical, and it offers stable and predictable free cash flows.
How is IIJA funded?
Financing the New Spending The IIJA includes numerous financing mechanisms: Repurposed COVID relief funds from 2020: $210 billion. Proceeds of the February 2021 c-band auction: $67 billion. Economic growth resulting from a 33 percent return on investment in these long-term infrastructure projects: $56 billion.
What is the current transportation act?
The FAST Act authorizes $305 billion over fiscal years 2016 through 2020 for the Department's highway, highway and motor vehicle safety, public transportation, motor carrier safety, hazardous materials safety, rail, and research, technology and statistics programs.
Was the FAST Act extended?
At midnight on , the law authorizing federal surface transportation programs, the Fixing America's Surface Transportation Act (FAST Act; P.L. 114-94), as extended, expired. 3684), which would reauthorize surface transportation programs.Oct 1, 2021
What is the federal budget for transportation?
Department of Transportation The department will spend $83 billion in 2019, or about $650 for every U.S. household.
What does HR stand for on a bill?
A bill originating in the House of Representatives is designated by the letters “H.R.”, signifying “House of Representatives”, followed by a number that it retains throughout all its parliamentary stages.
What is the difference between a House resolution and a bill?
Like a bill, a joint resolution requires the approval of both Chambers in identical form and the president's signature to become law. There is no real difference between a joint resolution and a bill. The joint resolution is generally used for continuing or emergency appropriations.
What does agreeing to the resolution mean?
The resolution is often used to express the body's approval or disapproval of something which they cannot otherwise vote on, due to the matter being handled by another jurisdiction, or being protected by a constitution.