Tax News Update    Email this document    Print this document  

November 6, 2021
2021-2024

House clears Senate's Bipartisan Infrastructure bill, 228-206

Democratic factions agree to vote on budget reconciliation bill by week of November 15

By a vote of 228-206, the House on November 5 approved the Infrastructure Investment and Jobs Act (HR 3684), sending the bill to President Biden for his signature and clearing 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 by a vote of 69-30 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. Six Democrats voted against the infrastructure bill, while 13 Republicans supported it. The Democrats voting against HR 3684 were Reps. Alexandria Ocasio-Cortez (NY), Ilhan Omar (MN), Rashida Tlaib (MI), Cori Bush (MO), Jamaal Bowman (NY) and Ayanna Pressley (MA).

Attached below, please see "Bipartisan Infrastructure bill heads to President." This is a high-level summary of the Infrastructure Investment and Jobs Act.

After days of false starts and intraparty disputes surrounding the larger reconciliation bill, the Build Back Better Act, Rep. Pramila Jayapal (D-WA), chair of the Congressional Progressive Caucus, late Friday night said progressives had reached an agreement with a group of Democratic moderates on consideration of the bill.

  • The moderates' statement on the agreement said: "We commit to voting for the Build Back Better Act, in its current form other than technical changes, as expeditiously as we receive fiscal information from the Congressional Budget Office — but in no event later than the week of November 15th — consistent with the toplines for revenues and investments in the "White House Preliminary Budgetary Estimate of the Build Back Better Act" document presented to the Democratic Caucus on November 4, 2021 by the White House. Further, in the event the fiscal information received from the Congressional Budget Office is inconsistent with the 'White House Preliminary Budgetary Estimate of the Build Back Better Act' document, we remain committed to working to resolve any discrepancies in order to pass the Build Back Better legislation."
  • The progressives' statement said: "Tonight, members of the Progressive Caucus and our colleagues in the Democratic Caucus reached an agreement to advance both pieces of President Biden's legislative agenda. Our colleagues have committed to voting for the transformative Build Back Better Act, as currently written, no later than the week of November 15. All of our colleagues have also committed to voting tonight on the rule to move the Build Back Better Act forward to codify this promise. The President has affirmed these members gave him the same commitment."

———————————————

Contact Information
For additional information concerning this Alert, please contact:
 
Washington Council Ernst & Young
   • Any member of the group, at (202) 293-7474.

———————————————
ATTACHMENT

Bipartisan Infrastructure bill heads to President