Updated November 15, 2021 at 6:01 PM ET
President Biden has signed the bipartisan infrastructure bill into law, 10 days after it passed the House on near-party lines and months after a Senate vote.
A political win for Biden, the Infrastructure Investment and Jobs Act focuses on investments in roads, railways, bridges and broadband internet. The price tag comes in at roughly $1 trillion, with $550 billion in new spending over five years.
The bill was separated from what Biden has referred to as "human infrastructure," including money allocated for child care and tax credits for families. Democrats are looking to address those priorities separately in a "Build Back Better" social spending and climate package.
Here's a look at what's included in the infrastructure legislation (the White House also has this breakdown of spending by state):
Roads, bridges, major projects: $110 billion
Passenger and freight rail: $66 billion
Public transit: $39 billion
Airports: $25 billion
Port infrastructure: $17 billion
Transportation safety programs: $11 billion
Electric vehicles: $7.5 billion
Zero and low-emission buses and ferries: $7.5 billion
Revitalization of communities: $1 billion
Broadband: $65 billion
Power infrastructure: $73 billion
Clean drinking water: $55 billion
Resilience and Western water storage: $50 billion
Removal of pollution from water and soil: $21 billion
How will it be paid for?
The package is financed through a combination of funds, including repurposing unspent emergency relief funds from the COVID-19 pandemic and strengthening tax enforcement for cryptocurrencies. While negotiators said that the cost of the plan would be offset entirely, the Congressional Budget Office predicted it would add about $256 billion to projected deficits over 10 years.
Goals of the plan
Back in June, the White House shared a fact sheet with the aims of the package:
Improve healthy, sustainable transportation options for millions of Americans by modernizing and expanding transit and rail networks across the country while reducing greenhouse gas emissions.
Repair and rebuild roads and bridges with a focus on climate change mitigation, resilience, equity and safety for all users, including cyclists and pedestrians.
Build a national network of electric vehicle chargers along highways and in rural and disadvantaged communities.
Electrify thousands of school and transit buses across the country to reduce harmful emissions and drive domestic manufacturing of zero emission vehicles and components.
Eliminate the nation's lead service lines and pipes, delivering clean drinking water to up to 10 million American families and more than 400,000 schools and child care facilities that currently don't have it, including in tribal nations and disadvantaged communities.
Connect every American to reliable high-speed internet.
Upgrade the power infrastructure, including by building thousands of miles of new, resilient transmission lines to facilitate the expansion of renewable energy, including through a new grid authority.
Make the largest investment in addressing legacy pollution in American history.
Prepare more infrastructure for the impact of climate change, cyberattacks and extreme weather events.
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