Overview
INFRASTRUCTURE INVESTMENT AND JOBS ACT
On August 10, 2021, President Biden signed the bipartisan Infrastructure Investment and Jobs Act of 2021 (IIJA) into law. The legislation increases spending on infrastructure by $550 billion over five years and includes provisions addressing climate change, environmental reviews, the electric grid, and water infrastructure, and domestic content requirements for federal investments.
$550 billion
increased spending on infrastructure over the next five years
The IIJA represents a historic investment in our nation’s core infrastructure priorities, and it makes a down payment on the funding we need for a low-carbon economy. The IIJA represents a historic investment in our nation’s core infrastructure priorities, and it makes a down payment on the funding we need for a low-carbon economy. It also improves permitting processes, addresses long-term spending for capital assets that will improve efficiency and productivity, and helps to reduce emissions.
The IIJA investmet
- The Energy Infrastructure Act allocates funds for grid reliability and resiliency
- Critical minerals and supply chains for clean energy technology
- Key technologies like carbon capture, hydrogen, direct air capture, and energy efficiency
- Energy demonstration projects from the bipartisan Energy Act of 2020
$65 billion
Funding for utilities to invest in power grid improvements
$7.5 billion
Alternative fuel and national network of EV charging infrastructure
$47.2 billion
For cybersecurity and critical infrastructure needs
$10.3 billion
Support for grid infrastructure improvements and resiliency
Overview
INFRASTRUCTURE INVESTMENT AND JOBS ACT
On August 10, 2021, President Biden signed the bipartisan Infrastructure Investment and Jobs Act of 2021 (IIJA) into law. The legislation increases spending on infrastructure by $550 billion over five years and includes provisions addressing climate change, environmental reviews, the electric grid, and water infrastructure, and domestic content requirements for federal investments.
$550 billion
increased spending on infrastructure over the next five years
The IIJA represents a historic investment in our nation’s core infrastructure priorities, and it makes a down payment on the funding we need for a low-carbon economy. The IIJA represents a historic investment in our nation’s core infrastructure priorities, and it makes a down payment on the funding we need for a low-carbon economy. It also improves permitting processes, addresses long-term spending for capital assets that will improve efficiency and productivity, and helps to reduce emissions.
$65 billion
Funding for utilities to invest in power grid improvements
$7.5 billion
Alternative fuel and national network of EV charging infrastructure
$47.2 billion
For cybersecurity and critical infrastructure needs
$10.3 billion
Support for grid infrastructure improvements and resiliency
The IIJA investmet
- The Energy Infrastructure Act allocates funds for grid reliability and resiliency
- Critical minerals and supply chains for clean energy technology
- Key technologies like carbon capture, hydrogen, direct air capture, and energy efficiency
- Energy demonstration projects from the bipartisan Energy Act of 2020