On Monday, President Biden signed the $1.2 trillion bipartisan Infrastructure Investment and Jobs Act into law. The measure will deliver $550 billion in new federal spending over 5-years and will direct $650 billion in already appropriated dollars into new and existing funding programs for project development that includes:

• Modernizing electric utility grids;
   
• Building and repairing roads, bridges, and major infrastructure projects;
   
• Developing critical minerals;
   
• Upgrading railways;
   
• Deploying climate resiliency and environmental remediation projects;
   
• Upgrading and expanding broadband;
   
• Updating water systems, including lead pipe removal;
   
• Expanding electric public transportation and charging station infrastructure;
   
• Establishing transportation projects in rural areas; and
   
• Revitalizing airports, ports, and waterways.
   

The full text of the Infrastructure Investment and Jobs Act can be found here.