Bipartisan Senate Group Unveils $1 Trillion Infrastructure Bill

Yaёl Bizouati-Kennedy
·2 min read

The 2700-page text of the $1 trillion Infrastructure Investment and Jobs Act was unveiled last night by a bipartisan group of senators.

See: Massive $1.2 Trillion Infrastructure Deal Reaches Bipartisan Agreement, Advances in Senate
Find: Stimulus Update — New Bill Proposes Expansion of Worker Benefits on the Heels of Child Tax Credits and COVID Relief Checks

“Over the last four days we have worked day and night to finalize historic legislation that will invest in our nation’s hard infrastructure and create good-paying jobs for working Americans in communities across the country without raising taxes. This bipartisan bill and our shared commitment to see it across the finish line is further proof that the Senate can work. We look forward to moving this bill through the Senate and delivering for the American people,” said the statement by U.S. senators Rob Portman (R-Ohio), Kyrsten Sinema (D-Ariz.), Susan Collins (R-Maine), Joe Manchin (D-W.Va.), Mitt Romney (R-Utah), Mark Warner (D-Va.), Lisa Murkowski (R-Ark.), Jeanne Shaheen (D-N.H.), Bill Cassidy (R-La.) and Jon Tester (D-Mont.).

The new bill includes $110 billion for roads, bridges and other major projects; $11 billion in transportation safety programs; $39 billion in transit modernization and improved accessibility; and $66 billion in rail investment, according to the White House fact sheet.

See: Top Infrastructure Stocks That Analysts See Going Higher
Find: Legislation to Protect Women’s Retirement Security Reintroduced in House and Senate

“So many people have given up on the Senate,” Sen. Manchin said on the Senate floor, according to the transcript of his speech. “They have given up on Congress. They have given up on our ability to be able to do the big things. This is big. This is a big deal. I don’t care who is looking at it any way they can. It’s been said that nothing like this has been done in 30 years. It hasn’t…The American people are speaking loudly and clear. The polls are overwhelming. Whether it’s Democrat, Republican, Independent, they could care less. They want their infrastructure repaired…They want to be able to communicate and compete for the jobs in the 21st Century.”

More From GOBankingRates

This article originally appeared on GOBankingRates.com: Bipartisan Senate Group Unveils $1 Trillion Infrastructure Bill

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Battlestar Galactica actor Terry Carter dies

    US actor Terry Carter, who starred in 1970s TV shows including Battlestar Galactica and McCloud, has died at the age of 95. Carter "died peacefully" at his New York home on Tuesday, it was announced on his official website. During his decades-long career he was seen to break down barriers, including in 1956 becoming one of the first black actors to become a TV sitcom regular, playing Private Sugarman on The Phil Silvers Show.

  • Canada women to host Mexico twice in June as part of Olympic soccer preparation

    Canada will host Mexico in a pair of women's international soccer friendlies in June. The ninth-ranked Canadians will play the 31st-ranked Mexicans on June 1 in Montreal and June 4 in Toronto in the so-called "Summer Send-off Series." The matches are part of Canada's preparations for defence of its title at the Paris Olympics in July. "Mexico has shown recently they are a difficult team to face, which is exactly what we need before finalizing our Olympic roster and continuing to evolve and cemen

  • Senate passes bill forcing TikTok's parent company to sell or face ban, sends to Biden for signature

    The Senate passed legislation Tuesday that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that’s expected to face legal challenges and disrupt the lives of content creators who rely on the short-form video app for income. The TikTok legislation was included as part of a larger $95 billion package that provides foreign aid to Ukraine and Israel and was passed 79-18. It now goes to President Joe Biden, who has backed the TikTok proposal and has said he will sign the package as soon as he gets it.

  • De La Cruz powers Reds to 8-1 win to end Phillies' 7-game streak

    Elly De La Cruz hit a two-run home run, Christian Encarnacion-Strand went 3 for 4 with two RBIs and the Cincinnati Reds ended the Philadelphia Phillies' seven-game win streak with an 8-1 victory on Tuesday night. Cincinnati's Santiago Espinal also had three hits including a solo homer in the eighth inning, his first since July 29. Fernando Cruz (1-1) pitched 2/3 of an inning in relief.

  • Senate Passes Bill That Could Ban TikTok In The U.S., Sends To Biden

    The president is expected to sign the measure, which requires TikTok's Chinese parent company to sell its stake in the popular video platform or get blocked.

  • Senate passes bill that could ban TikTok

    A bill that could ban TikTok is now all but certain to become law. The Senate approved a measure that requires ByteDance to sell TikTok or face a ban.

  • After Tesla layoffs, price cuts and Cybertruck recall, earnings call finds Musk focused on AI

    Elon Musk said that he sees Tesla as an artificial intelligence company, doubles down on self driving in first quarter investor call.

  • Arsenal’s humiliation of Chelsea reignites questions over Mauricio Pochettino’s future

    Arsenal 5-0 Chelsea: Leandro Trossard, Kai Havertz and Ben White all found the back of the net as the Gunners humbled their London rivals

  • OHL roundup: Spirit edge Greyhounds 3-1 in Game 7 showdown

    SAGINAW, Mich. — Calem Mangone's goal at 9:24 of the third period snapped a 1-1 tie and lifted the Saginaw Spirit to a 3-1 victory over the visiting Sault Ste. Marie Greyhounds in the seventh and deciding game of their second-round Ontario Hockey League playoff series. Joey Willis and Matyas Sapovaliv (empty-netter) also scored for the Spirit, who outshot the Greyhounds 34-17 but had problems putting the puck past red-hot Greyhounds' goalie Charlie Schenkel. Gavin Hayes scored for the Greyhounds

  • Solomon Islands' Sogavare says he runs security amid tense wait for new government

    Solomon Islands Prime Minister Manesseh Sogavare said he narrowly won his seat and still exercises power over security in the Pacific Islands nation, as he vies with opposition parties to form government after an election delivered no clear winner. Election results on Wednesday showed Sogavare's OUR party won 15 out of 50 seats in the national parliament, with major opposition parties holding 20 seats, and independent and micro parties controlling 15 seats.

  • Riley Greene homers twice and Mark Canha goes deep to power Tigers past Rays 4-2

    ST. PETERSBURG, Fla. (AP) — Riley Greene went deep twice for his first multi-homer game, Mark Canha added a homer and the Detroit Tigers beat the Tampa Bay Rays 4-2 on Tuesday night. The Tigers have won the first two of the three-game set and have won four of their last five games. With the Tigers trailing 2-1 in the eighth, Greene hit a two-shot off Colin Poche (0-1) and Canha added a solo drive to make it 4-2. Greene put the Tigers ahead 1-0 in the third inning with a 426-foot homer to center

  • Dow Jones Futures: Market Rallies, But Big Tests Loom; Tesla Soars On 'Affordable' EV, Elon Musk

    The rally attempt gained steam Tuesday. Tesla leapt late as it said an "affordable" EV is coming. Elon Musk is on the call.

  • José Ramírez homers as Guardians continue best start in franchise history with 4-1 win over Red Sox

    CLEVELAND (AP) — José Ramírez homered in the eighth inning, Tyler Freeman and Bryan Rocchio had RBIs in the seventh when Cleveland finally got to Boston's Tanner Houck and the Guardians kept up the best start in their 124-year history with a 4-1 win over the Red Sox on Tuesday night. Ramírez, who had some recent tough luck on hard-hit balls, connected leading off the eighth inning against Cam Booser for his fourth homer. Batting right-handed, the switch-hitting Ramírez drove a 1-2 pitch that was

  • Australia’s inflation rate slows less than expected to 3.6%, dimming hopes of interest rate relief

    Economists had tipped CPI growth for the March quarter of 0.8%, and an annual inflation rate of 3.5%

  • Suns guard Grayson Allen aggravates ankle injury in 3rd quarter vs. Timberwolves

    MINNEAPOLIS (AP) — Phoenix Suns guard Grayson Allen appeared to aggravate the sprained right ankle he suffered in the playoff opener, forcing him to hobble off in the third quarter of Game 2 against the Minnesota Timberwolves in the first-round series on Tuesday. Allen was guarding Mike Conley on a drive to the lane when he went airborne to try to block the shot and landed awkwardly on his right leg. Allen had to be helped away from the court and into the locker room. The Suns had listed Allen,

  • Spice Girl Mel C and One Direction’s Louis Tomlinson win Northern Music Awards

    The inaugural event was held at the Albert Hall in Manchester.

  • Toronto-listed OceanaGold prices Philippine unit's IPO

    Toronto-listed miner OceanaGold Corp said it has priced the initial public offering (IPO) of its Philippine unit at 13.33 pesos ($0.2326) per share on Wednesday. In a disclosure to the stock exchange, OceanaGold said it will sell up to 456 million shares or a 20% stake in OceanaGold Philippines Inc worth 6.078 billion pesos ($106 million). At the offer price, OceanaGold Philippines secures a market value of 30.39 billion pesos in the IPO, the Philippines' first listing for 2024.

  • Riley Greene homers twice and Mark Canha goes deep to power Tigers past Rays 4-1

    Riley Greene went deep twice for his first multi-homer game, Mark Canha added a homer and the Detroit Tigers beat the Tampa Bay Rays 4-2 on Tuesday night. The Tigers have won the first two of the three-game set and have won four of their last five games. With the Tigers trailing 2-1 in the eighth, Greene hit a two-shot off Colin Poche (0-1) and Canha added a solo drive to make it 4-2.

  • Mayors push for permanent homeless funding

    Mayors are pushing for permanent funding for homeless funding.

  • Funding for drop-in youth centers at risk

    Funding for drop-in youth centers is at risk.