Manatt government and regulatory Partner Steven Polan, federal government affairs and public policy Partner June DeHart and environment Associate David McGrath co-authored a Law360 article on President Biden announcing his support for a $1.2 trillion bipartisan framework for investing in U.S. infrastructure over an eight-year period. “The plan called for $579 billion in new spending over the next five years to improve the nation’s roads, bridges, ports, rail systems, broadband internet access, water and power infrastructure, public transit, electric vehicle infrastructure, and resilience to climate change (among other items),” the authors wrote.
While the Senate has passed the $550 billion infrastructure package, the bill must pass the House of Representatives before it can be sent to the President to be signed into law. The authors note that "this is a still-developing story, and the final form and timing of any new federal commitment to our nation's urgent infrastructure needs remain uncertain."
Law360 subscribers can read the full article here.