Steel Markets
June 5, 2020
INVEST in America Infrastructure Bill Falls Short for Some
Written by Sandy Williams
The House has proposed an infrastructure bill that would provide $494 billion over the next five years to improve the nation’s highways, rails and transit systems. The INVEST in America Act includes $319 billion for highway investment, $105 billion for transit agencies, $10 billion for motor vehicle safety and $60 billion for rail investment. The measure faces much debate and uncertain passage.
“The bulk of our nation’s infrastructure—our roads, bridges, public transit and rail systems, the things that hundreds of millions of American families and businesses rely on every single day—is not only badly outdated, in many places it’s downright dangerous and holding our economy back,” said Peter DeFazio (D-OR), chairman of the House Committee on Transportation and Infrastructure. “The INVEST in America Act is our opportunity to replace the outdated systems of the past with smarter, safer, more resilient infrastructure that fits the economy of the future, creates millions of jobs, supports American manufacturing, and restores U.S. competitiveness.”
