The Bipartisan Infrastructure Bill: Another Look
Published: November 10, 2021
On Friday, the House passed the long-awaited Infrastructure Investment and Jobs Act which will invest $1.2 trillion in the nation’s roads, bridges, power grid, waterways, broadband and airports.
The Senate passed the legislation back in August. President Biden indicated he would hold a signing ceremony when lawmakers return from a week’s recess. According to the White House, investments from the legislation stand to create approximately 2 million jobs per year over the next decade.
The legislation includes $550 billion in new federal investment over the next five years, beyond the U.S.’s traditional surface transportation acts. The last surface transportation act authorized federal spending from FY 2016 – FY 2020, with a one-year extension which continued funding through September 30, 2021.
Deltek’s Federal Market Analysis team analyzed the 2,700 page act in August and found that the majority of the funding from the legislation will flow down to states and localities, with fewer contract opportunities at the federal level. However, we predict pockets of opportunity at the federal level for architecture, engineering, and construction; professional services; research and development; and cybersecurity.
Below is a summary of the funding by federal department:
Please refer to previous Federal Market Analysis blogs for more details on the Infrastructure Investment and Jobs Act:
- First Look at the Bipartisan Infrastructure Bill
- A First Look at Appropriations in the Infrastructure Investment and Jobs Act (H.R. 3684)
- First Look at Cybersecurity Provisions in the Infrastructure Investment and Jobs Act
- Boosting Broadband Access through the Bipartisan Infrastructure Bill
- Fed’s Share in the Infrastructure Investment and Jobs Act
- Budget Appropriations for the Department of Transportation in the Infrastructure Bill