After months of back and forth, the historic infrastructure bill has been signed into law by President Joe Biden.
The $1.2 trillion infrastructure bill will deliver $550 billion of new federal investments in infrastructure over the next five years, including money for traditional infrastructure such as roads, bridges, mass transit, rail, airports, ports and waterways. The package includes a $65 billion investment in improving the nation’s broadband infrastructure, and billions of dollars in improving the electric grid and water systems.
Leader Mitch McConnell and Kentucky Democratic Rep. John Yarmuth both voted in favor of the legislation.
Infrastructure investment has long been a pivotal priority of the Kentucky Chamber as the organization points to the critical need to “invest in our future, invest in jobs and invest in Kentuckians.”
“I’ve been looking forward to this day for a long time,” Biden said. “This bill is about keeping people safe. When you see those projects starting in your hometowns, I hope you feel the same thing I do, pride.”