US President Signs $ 1 Trillion Infrastructure Act

At the & nbsp; signing ceremony at the White House, Biden noted that the bill “ is proof that, despite the & nbsp; cynics, Democrats and & nbsp; Republicans can unite and & nbsp; achieve results. '' The & nbsp; Infrastructure Law was passed by the House of Representatives with the & nbsp; support of 13 Republicans, 19 Republicans supported it in the Senate. Former US President Donald Trump on & nbsp; Saturday, 13 & nbsp; November, said that & nbsp; Republicans who voted for the bill “ should be ashamed '' for the & nbsp; victory given to Biden and the & nbsp; Democrats.

On & nbsp; Monday, November 15 & nbsp; President Biden signed a decree to & nbsp; create a group to & nbsp; promote the implementation of the law and & nbsp; control the & nbsp; spending on it. It will include several members of his cabinet, including Transportation Secretary Pete Buttigieg, Energy Secretary Jennifer Granholm, Home Secretary Deb Haaland, Environmental Protection Agency administrator Michael Regan and Trade Secretary Gina Raimondo. Buttigieg will oversee dozens of competitive grant programs and & nbsp; select recipients for & nbsp; applications filed by state and & nbsp; local governments. Former New Orleans Mayor Mitch Landrieu will oversee the & nbsp; infrastructure package.

The first funds for & nbsp; construction of highways from the & nbsp; package of infrastructure measures will be allocated by & nbsp; by & nbsp; early December, said Jeff Davis, senior researcher at the Eno Transport Analytical Center. According to & nbsp; he said, the law on & nbsp; infrastructure provides for an increase in funding for highways by about & nbsp; 30%. Part of the financing & nbsp; & mdash; $ 120 billion & nbsp; & mdash; will be distributed in the & nbsp; form of competitive grants, in & nbsp; including for & nbsp; large projects for & nbsp; replacement of bridges and & nbsp; construction of new railways. The grant programs will take several months to launch, and & nbsp; this means that & nbsp; funding announcements may not & nbsp; appear before next summer or fall, Davis said.

The Biden administration said in & nbsp; November that subsidies would be a priority & nbsp; on & nbsp; port infrastructure. The White House said it would & nbsp; begin accepting applications for & nbsp; $ 475 & nbsp; million in & nbsp; within 90 days. The infrastructure package includes & nbsp; itself about & nbsp; $ 550 billion in additional federal spending on & nbsp; roads, bridges, expansion of broadband access and & nbsp; more.

More than $ 200 billion will be raised from & nbsp; funds originally intended to & nbsp; fight against & nbsp; coronavirus, but & nbsp; remaining unused; $ 50 billion & nbsp; & mdash; from the & nbsp; funds received from & nbsp; delaying the introduction of the Donald Trump rule on & nbsp; benefits under the & nbsp; program Medicare; $ 50 billion & nbsp; & mdash; from & nbsp; some states returning unused additional funds for & nbsp; unemployment insurance.

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