Senate Begins Debating Infrastructure Bill

The Senate this week voted to begin debate on a $550 billion bi-partisan infrastructure bill that includes $39 billion for public transit and $66 billion for passenger and freight rail.

The bill would provide $550 billion over five years for new federal investment in infrastructure, Biden administration officials said.

The bill would authorize $110 billion for roads, bridges and other major projects.

The public transit funds are focused on modernizing  transit and improving accessibility for the elderly and those with disabilities.

The rail funding would provide $22 billion to Amtrak. That would be broken down to $24 billion in federal-state partnership grants for Northeast Corridor modernization; $12 billion for partnership grants for intercity rail service, including high speed rail; $5 billion for rail improvement and safety grants; and $3 billion for grade crossing safety improvements.

Port infrastructure would receive $17 billion while airports would receive $25 billion.

The White House fact sheet said the money for the bill is expected to come through a combination of redirecting unspent emergency relief funds, targeted corporate user fees, strengthening tax enforcement when it comes to crypto currencies, and other bipartisan measures, in addition to the revenue generated from higher economic growth as a result of the investments.

Moving to debate does not guarantee passage of the bill or even that it will receive support from Republican senators even if several of them were part of the talks that led to the legislation.

The complete text of the bill has yet to be finished.

If the bill is approved by the Senate, it would go to the House where its fate is uncertain.

House Speaker Nancy Pelosi has pledged to held the bill until her chamber until Congress approves a $3.5 trillion budget plan being pushed by Democrats that includes spending on programs devoted to climate change, health care, education and child care.

Some moderate House Democrats, though, are pushing for an immediate vote on the infrastructure package once it comes over from the Senate.

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