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USD1 trillion bipartisan infrastructure bill passed by US Congress [free access]

November 8, 2021

On November 5, 2021, US Congress passed the USD1 trillion bipartisan infrastructure bill, known as the Infrastructure Investment and Jobs Act (IIJA).

 

The Act is considered a critical step towards making historic investments in clean transportation, clean water, universal broadband, and clean power infrastructure.

There is a proposed USD550 billion in direct federal spending for infrastructure. 

 

Of this, USD65 billion is dedicated to clean energy transmission and grid network. This will be used to upgrade the power infrastructure, by building thousands of miles of new, resilient transmission lines to facilitate the expansion of renewables and clean energy, while lowering costs. It will also fund new programmes to support the development, demonstration and deployment of cutting-edge clean energy technologies to accelerate the US’ transition to a zero-emission economy. 

 

Earlier, on August 10, 2021, the US Senate passed (69-30) the said bill, which had been passed by the House of Representatives (221-201) in July 2021.

 

The bill has now been presented to the President who plans to sign it into law in a formal ceremony to be held on November 15, 2021.