Federal—A “Massive” Infrastructure Package

U.S. House of Representative committee chairs are preparing to merge what is termed as a “massive” Infrastructure spending package that combines legislation currently being considered in the House, H.R. 7095 (section-by-section summary), with several other measures unrelated to surface transportation, such as construction dedicated to school and public housing, water systems, clean and renewable energy, and the development of rural broadband. House Speaker Nancy Pelosi expects the “massive” bill, known as the “Moving America Forward” Act, to pass the House before the July 4 recess.

The proposal calls for $1.5 trillion in spending specifically dedicated to $70 billion for clean energy, $25 billion for drinking water programs, $35 billion for health care infrastructure, $70 billion to address a capital backlog for public housing, $1 billion for climate resiliency upgrades, $5 billion for public housing, and $100 billion dedicated to broadband, where NASBP has been very active, with the goal of 100% connectivity for all rural communities. The likely funding source will come from private activity bonds.

NASBP will keep you apprised of this issue and all other legislative developments through communications via the Focal Point.