Overview
Passed by bipartisan votes in both the Senate (69-30) and the House (228-206), and signed into law on Monday, November 15, 2021, the Infrastructure Investment and Jobs Act (IIJA) is a transformative investment. It covers funding authorizations for our nation’s roads, bridges, highways, drinking and clean water infrastructure, internet access, electrical grid and transmission system, and wildlife crossing and natural infrastructure projects. It also includes notable provisions to remediate and reclaim abandoned coal mines, orphaned oil and gas wells, and Superfund sites, improve forest conditions to lessen the impacts of wildfires and better protect communities, and restore ecosystems on public and private land.
The IIJA is a bipartisan $1.2 trillion legislative package, with $650 billion of that amount paid for by existing trust funds that are automatically raised through existing taxes. That means that $550 billion is new infrastructure spending over 5 years, which includes $47 billion for new climate resilience initiatives—the largest federal investment yet to address the climate crisis.
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