Steel Supports House Infrastructure Funding Proposal

The House Transportation and Infrastructure Committee gave its approval to the INVEST in America Act on Friday, moving forward a measure that would fund much needed infrastructure work, create thousands of jobs and help the economy recover from the effects of the coronavirus pandemic. The measure is widely supported by the steel industry, as construction is the largest market for steel, though many remain skeptical that increased infrastructure spending can gain the necessary bipartisan support given the current economic and political climate.

The INVEST in America Act would provide $494 billion over five years to make infrastructure investments in surface and rail transportation and $411 billion over five years out of the Highway Trust Fund for highway, transit, safety and research programs—a 46 percent increase over current investment levels, among other funding. Click here for a complete summary of the bill.