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November 8, 2021

Congress passes infrastructure bill

Congress has passed, and the president is expected to sign, the Infrastructure Investment and Jobs Act (HR 3684). House passage of the bill clears the way for about $550 billion in new spending on highway and other projects. Combined with routine infrastructure spending – the bill also reauthorizes surface transportation programs that Congress had extended through December 3 – the measure secures about $1.2 trillion in funding over five years. The Senate passed HR 3684 in early August. Groups of progressive and moderate Democrats reached an agreement for the House to vote on the budget reconciliation bill no later than the week of November 15. A WCEY Tax Alert has details.