Bloomberg: Senate Vote on Infrastructure Bill Could Come This Weekend
WASHINGTON - Delays caused by negotiations on the 2,702-page infrastructure bill will push a vote in the U.S. Senate until at least Saturday, Bloomberg reports.
There are a few issues causing a holdup, and include the following:
-Modifying a provision dealing with reporting requirements for cryptocurrency transactions for tax collections. The cryptocurrency industry says it feels unfairly targeted.
-A pending amendment that would allow state and local governments to use up to 30 percent of their unused COVID relief funds on infrastructure projects.
The infrastructure bill includes $110 billion in new spending for roads and bridges, $73 billion for electric grid updates, $66 billion for rail and Amtrak, $65 billion for broadband expansion, $55 billion for clean drinking water, and $39 billion for transit.
To read more on the bill, here is a link to the Bloomberg article.