The current bipartisan bill includes $66 billion for passenger and freight rail, $65 billion for broadband internet expansion, $39 billion for transit. The total cost of the bipartisan bill is expected to be around $550 billion. Much of the cost of the bipartisan bill is paid for through money appropriated for unrelated programs, but which has not yet been spent. Speaker of the US House of Representatives, Nancy Pelosi (D-CA)(Photo by Win McNamee/Getty Images) Getty ImagesHouse Speaker Nancy Pelosi has said, however, that the House won’t take up the bipartisan bill until the other infrastructure bill is assured of passage. Senators should see a full version of the bipartisan bill later this week, however the Senate is currently scheduled to be on its August recess beginning August 10, although there is some discussion about changing that date.

Source: Forbes July 29, 2021 02:03 UTC