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The 2021 Infrastructure Investment and Jobs Act: A Technical Analysis

On Friday, November 12th, Congress passed a $1.2 trillion dollar infrastructure package approving a signature part of President Joe Biden’s economic agenda. The following Monday, President Biden signed the 2021 Infrastructure and Jobs Act into law. Biden remarked, “This law is a blue-collar blueprint to rebuild America. It leaves no one behind and marks an inflection point that we face as a nation” . The bill marks a dramatic increase in infrastructure spending through a broad spectrum of programs. It will deliver $550 billion of new federal infrastructure investments over five years, affecting everything from bridges and roads to the nation’s broadband, water, and energy systems.