US House of Representatives passed the bipartisan Infrastructure Investment and Jobs Act by a vote of 69-30. US President Mr Joe Biden said “It will create millions of jobs, turn the climate crisis into an opportunity, and put us on a path to win the economic competition for the 21st Century. It will create good-paying jobs that can’t be outsourced. Jobs that will transform our transportation system with the most significant investments in passenger and freight rail, roads, bridges, ports, airports, and public transit in generations. This will make it easier for companies to get goods to market more quickly and reduce supply chain bottlenecks now and for decades to come. This will ease inflationary pressures and lower costs for working families. The bill will create jobs replacing lead water pipes so every family can drink clean water. It will make high-speed internet affordable and available everywhere in America.”He added “This bill will make historic and significant strides that take on the climate crisis. It will build out the first-ever national network of electric vehicle charging stations across the country. We will get America off the sidelines on manufacturing solar panels, wind farms, batteries, and electric vehicles to grow these supply chains, reward companies for paying good wages and for sourcing their materials from here in the United States, and allow us to export these products and technologies to the world. It will also make historic investments in environmental clean-up and remediation, and build up our resilience for the next superstorms, droughts, wildfires, and hurricanes that cost us billions of dollars in damage each year.”American Iron and Steel Institute President & CEO Mr Kevin Dempsey said“American steel built this country, and the industry is now ready to get to work on rebuilding this country. Repairing and modernizing our national transportation system is essential and we are glad Congress agrees. This bill would ensure that our infrastructure system meets the need of the 21st century. Funding roads and bridges, ports and waterways, water infrastructure, the electric grid and investing in electric vehicle systems, all will require a lot of steel and our industry is ready to provide that steel. Passing this bill today provides a tremendous boost to our industry, as demand for American steel could increase by as much as five million tons for every $100 billion of new investment. This bill will also make sure that taxpayer funds are used to procure cleaner steel produced in the United States, where it is made with a lower carbon and energy intensity than steel made in the other leading steel-producing countries. We are thrilled that, in the end, Congress was able to take this important step toward funding our nation’s infrastructure needs. We look forward to President Biden signing the bill into law very soon.”
US House of Representatives passed the bipartisan Infrastructure Investment and Jobs Act by a vote of 69-30. US President Mr Joe Biden said “It will create millions of jobs, turn the climate crisis into an opportunity, and put us on a path to win the economic competition for the 21st Century. It will create good-paying jobs that can’t be outsourced. Jobs that will transform our transportation system with the most significant investments in passenger and freight rail, roads, bridges, ports, airports, and public transit in generations. This will make it easier for companies to get goods to market more quickly and reduce supply chain bottlenecks now and for decades to come. This will ease inflationary pressures and lower costs for working families. The bill will create jobs replacing lead water pipes so every family can drink clean water. It will make high-speed internet affordable and available everywhere in America.”He added “This bill will make historic and significant strides that take on the climate crisis. It will build out the first-ever national network of electric vehicle charging stations across the country. We will get America off the sidelines on manufacturing solar panels, wind farms, batteries, and electric vehicles to grow these supply chains, reward companies for paying good wages and for sourcing their materials from here in the United States, and allow us to export these products and technologies to the world. It will also make historic investments in environmental clean-up and remediation, and build up our resilience for the next superstorms, droughts, wildfires, and hurricanes that cost us billions of dollars in damage each year.”American Iron and Steel Institute President & CEO Mr Kevin Dempsey said“American steel built this country, and the industry is now ready to get to work on rebuilding this country. Repairing and modernizing our national transportation system is essential and we are glad Congress agrees. This bill would ensure that our infrastructure system meets the need of the 21st century. Funding roads and bridges, ports and waterways, water infrastructure, the electric grid and investing in electric vehicle systems, all will require a lot of steel and our industry is ready to provide that steel. Passing this bill today provides a tremendous boost to our industry, as demand for American steel could increase by as much as five million tons for every $100 billion of new investment. This bill will also make sure that taxpayer funds are used to procure cleaner steel produced in the United States, where it is made with a lower carbon and energy intensity than steel made in the other leading steel-producing countries. We are thrilled that, in the end, Congress was able to take this important step toward funding our nation’s infrastructure needs. We look forward to President Biden signing the bill into law very soon.”