Biden indicators infrastructure bundle 2021 into regulation. Here is what’s in it for you

Biden's infrastructure bill passed Congress. Here's what's in it for you

The $1.2 trillion tied up within the new infrastructure regulation goes towards the whole lot from charging stations to quicker web throughout the nation.


Sarah Tew/CNET

President Joe Biden on Monday signed into regulation a $1.2 trillion infrastructure bundle that may fund public works tasks that would contact each a part of the nation. “We’ll as soon as once more have the most effective roads, bridges, ports and airports,” Biden mentioned as he signed the invoice into regulation on the White Home. “We’ll lead the world into the twenty first century with trendy automobiles and vehicles and transit programs.”

This may not authorize one other spherical of stimulus checks, nonetheless, or prolong the advance baby tax credit score funds (that extension may are available in a distinct invoice later this 12 months — see beneath for extra particulars), however the brand new Infrastructure Funding and Jobs Act of 2021 will deal with big-ticket gadgets comparable to increasing high-speed web and constructing higher airports.

This new regulation has been within the works since June. It is fully totally different from the Construct Again Higher Act, which Congress continues to work on and will embrace cash for extra baby tax credit score checks, housing, well being care and baby care credit — what some name “human infrastructure.”

For now, here is what the brand new infrastructure regulation Biden signed on Monday may imply for you. And here is the newest on a doable EV tax credit score, the newest on the COVID-19 vaccine mandates and the lifted journey restrictions to the US.


Now playing:
Watch this:

Child tax credit: Everything we know



4:17

Faster internet across America

A big focus on the infrastructure law — and a good part of the funding — will go to extending high-speed internet into rural areas and helping low-income families pay their monthly broadband bill.

The budget: $65 billion 

What the money is for: Along with building high-speed internet in areas that lack reliable access, the law would require providers to offer an affordable plan for low-income families. The law will set aside $14 billion to help low-income families pay for the cost of an internet connection, extending emergency broadband subsidies the government put in place during the pandemic.

New and repaired roads, highways and bridges

The single biggest spending item in the law is earmarked for the nation’s roads and bridges.

The budget: $110 billion 

What the money is for: According to the White House, 173,000 miles of the country’s highways and major roads as well as 45,000 bridges are in poor condition. The law will set aside almost $40 billion just for bridge repair and replacement.

Electric vehicle investment, including a national network of charging stations

The law will invest in electric vehicles, including buses and a chain of EV chargers along the nation’s highways. (As part of the push for electric vehicles, Congress this year intends to offer EV tax credits.)

The budget: $15 billion 

What the money is for: $7.5 billion will go to building out a national network of EV chargers along highways. Other money will go to EV buses — including school buses — and ferries.

ChargePoint EV charging station

The law will fund a network of charging stations across the country.


ChargePoint

Safer, more modern airports

The law sets aside money for airport maintenance and improvements.

The budget: $25 billion 

What the money is for: To repair and upgrade runways and gates and modernize terminals and air traffic control towers. 

Water safety

Another big-ticket item is money to pay for improvements to the nation’s water system.

The budget: $55 billion 

What the money is for: Among the areas the law will address, it will fund lead pipe replacement across the country and build out water infrastructure in tribal and low-income communities.

Upgrade power grid

The White House said power outages cost the US economy up to $70 billion annually.

The budget: $73 billion 

What the money is for: Updating the nation’s power grid by replacing older power lines and cables and investing in clean-energy research.

Expand public transit

The White House said 24,000 buses, 5,000 rail cars and 200 transit stations are in need of repair. 

The budget: $39 billion 

What the money is for: Improvements to the country’s transit system, including bus and subway car repairs. The law would also fund transit system improvements and extend transit to more riders.

For more, here’s what we know about where the Biden administration stands on net neutrality, which parts of the country are lagging behind in high-speed access and more on how the new law will address the digital divide.

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts