Infrastructure Bill Moves Closer to Vote; NAM to Host "Day of Action" Webinar to Support Package
NATIONAL ASSOCIATION OF MANUFACTURERS (NAM) - The U.S. Senate is working to pass a $1 trillion infrastructure bill by the end of this week, according to The Wall Street Journal (subscription).
A recap: “The text of the bill will translate into law the agreement lawmakers struck days ago, which provides $110 billion to bridges and roads, $39 billion to public transit and $65 billion for expanding access to broadband, among other investments beyond currently projected spending. Repurposed federal funds, money recouped from delaying a Trump-era Medicare rebate rule and a mix of accounting maneuvers will cover the cost of legislation.”
What’s next: Now that the text of the bill is finalized, the Senate will work through an amendment process before sending the bill to the House of Representatives.
- “Given how bipartisan the bill is, and how much work has already been put in to get the details right, I believe the Senate can quickly process relevant amendments and pass this bill in a matter of days,” Senate Majority Leader Chuck Schumer (D-NY) said.
A rocky road: There are continuing conversations about whether to link the bipartisan Senate infrastructure bill with an additional $3.5 trillion reconciliation bill that would invest in Democratic priorities like antipoverty measures and climate change mitigation. The issue could make passage in the House more complicated.
Stay tuned: Tomorrow the NAM will lead the business community in an online “Day of Action” to support the infrastructure package. To learn more, contact NAM Assistant Vice President of Advocacy Mike O’Brien.