The U.S. Senate is pushing for $ 1 trillion in bilateral infrastructure funding

WASHINGTON, Aug. 2 (Reuters) – The U.S. Senate is set to complete its long-awaited $ 1 trillion infrastructure investment this week, bringing long-awaited improvements to roads, bridges and mass transit systems. Baiden.

After lengthy weekend meetings, Senate negotiators announced the completion of a draft of 20,702 pages, paving the way for senators to debate amendments.

“Finally, bipartisan senators have enacted a draft law that will provide significant resources for the maintenance, repair and improvement of our country’s physical infrastructure,” Chuck Schumer, a senior Senate leader, told the Senate floor on Sunday.

Although Democrats and Republicans have not yet reached an agreement on the process, three potential amendments to the plan have already been announced Monday.

One week earlier, the expected August break, he warned on the Senate floor: “We’ll be here in a long time to finish the bill.”

In a statement on the Senate floor, Republican leader Mitch McConnell emphasized the need to improve infrastructure, but rejected “any artificial timetable for our Democratic allies.”

The U.S. infrastructure investment will be the largest in decades after the law is passed. His passage will signal a major victory for Democrats Biden and a deeply divided Congress. Without Republican support, it will come with $ 1.9 trillion in economic stimulus and coronavirus aid released earlier this year.

The law includes a new $ 550 billion five-year budget on previously approved funds to replace roads, railways, charging stations and lead pipes.

Extensive supplies include $ 343 billion to upgrade highways, bridges and related projects, $ 48.4 billion to secure drinking and water infrastructure, $ 7.5 billion to help build power stations – less than Biden asks – and more than $ 350 million in wildlife conflicts. Five years to reduce. The bill provides subsidies for “wildlife crossing structures.”

Vehicles parked outside the US Capitol Building The Senate returned to the convention in Washington, DC, July 31, 2021. REUTERS / Elizabeth Fertz

The US Congress, a non-partisan non-partisan tax think tank, said the bill would increase the country’s revenue by $ 51 billion over the next 10 years.

Although $ 1 trillion represents a major investment, the American Civil Engineers Association estimates that over the next two decades, the United States will spend about $ 13 trillion to improve its C-level public works projects. .

The group estimates that there is a $ 5.6 trillion gap between the 2021 Assessment Fund and the nationwide target.

Bilateral $ 1 trillion also paves the way for Democrats to work on a $ 3.5 trillion “human infrastructure” budget plan without the support of Republicans.

The bill would raise federal dollars to fight climate change, provide legal protection for millions of refugees, and expand health care for the elderly, including those in need of home care.

The Senate should first improve the country’s aging roads, bridges and railways, and finalize the infrastructure legislation aimed at expanding access to the Internet in rural areas where the economy is deteriorating.

The law will help build national electric charging stations and replace lead pipes, even if they are required at the lower levels.

Last week, in an unusual sign of dualism, the initiative received early support from enough Republicans to begin debating the bill. By preventing some unforeseen events, some senators say the bill could be ready for a final vote earlier this week.

However, on Monday, three Republican senators – John Corney, Rick Scott and Martha Blackburn – criticized the infrastructure bill, did not have enough time to review it, and took the issue in one of its finances.

None of the three Republican senators supported the law in previous ballots.

Reported by David Morgan, McKinney Brice and Richard Cowan; Edited by Paul Simao and Alistair Bell

Our Standards – Thomson Reuters Trust Principles.

.

Leave a Comment