Factbox-What's in the bipartisan U.S. $1 trillion infrastructure bill?
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[October 02, 2021]
WASHINGTON (Reuters) - The
Democratic-controlled U.S. House of Representatives are discussing
whether to vote on Friday on a roughly $1 trillion bipartisan
infrastructure bill to update America's roads, bridges and broadband
networks, passed by the Senate in August.
The legislation is one of President Joe Biden's top domestic priorities
and includes $550 billion in new spending, while the rest of the $1
trillion is previously approved funding.
Here are some of the details of the bipartisan bill:
NEW SPENDING
* Roads, bridges and major projects: $110 billion
* Passenger and freight rail: $66 billion
* Broadband infrastructure: $65 billion
* Water infrastructure, such as eliminating lead pipes: $55 billion
* Public transit: $39.2 billion
* Resiliency, including flood and wildfire mitigation, ecosystem
restoration, weatherization and cybersecurity: $47.2 billion
* Electric vehicle infrastructure, including chargers: $7.5 billion
* Addressing legacy pollution including cleaning up brownfield and
Superfund sites, reclaiming abandoned mine lands, plugging orphan oil
and gas wells: $21 billion
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The U.S. Capitol building on Capitol Hill, seen during sunset in
Washington, U.S., September 30, 2021. REUTERS/Elizabeth Frantz
NEW FINANCING
The plan has a number of proposals to finance the spending,
including the following items and the revenue gains from each over
the next decade, as estimated by Congress' nonpartisan Joint
Committee on Taxation and Congressional Budget Office.
* Repurposing unused COVID-19 relief funds: $210 billion
* Sales of future spectrum auctions and proceeds of February 2021
c-band auction: $87 billion
* Economic growth: $56 billion
* Return of unemployment insurance funds from some states: $53
billion
* Delaying Medicare Part D rebate rule: $51 billion
* Applying information reporting requirements to cryptocurrency: $28
billion
* Reinstating Superfund fees: $14.5 billion
(Reporting by David Morgan and Makini Brice; Editing by Richard
Cowan and Alistair Bell)
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