On Thursday, Senate leaders* released their infrastructure investment counteroffer to the Biden Administration’s American Jobs Plan.
This Senate plan calls for $568 billion over five years, including $299 billion in roads and bridges and $44 billion airports. The proposal also includes funding for public transit, rail, transportation safety, drinking water and wastewater, inland waterways and ports, broadband, and water storage.
The plan outlines broad principles that should guide federal investment in infrastructure. Senate Republicans have highlighted their concern about the American Jobs Plan’s proposed pay-fors. In outlining their counterproposal, Senate Republicans highlight preserving the Tax Cuts and Jobs Act and broad principles that should guide pay-fors. As part of this, the counteroffer highlights shoring up any trust funds without explicitly outlining how to do this.
According to the Senate plan, the federal funding should:
· Be fiscally responsible and based on needs.
· Partner with spending from state and local governments.
· Encourage private sector investment and the utilization of financing tools.
· Flow through existing formula programs and proven discretionary programs.
Senators also say the Federal policies and programs should:
· Expedite the environmental review and permitting process.
· Reduce regulatory burdens.
· Spur innovation and the development and deployment of technologies.
Click here to view a snapshot of the Senate plan. (Sources: AHUA and PCA, as well as independent news reports.)
Follow this link to see ACPA’s government affairs repository.
*The plan was introduced Senators Shelley Moore Capito (R-W.Va.), Ranking Member of the Environment and Public Works Committee; Roger Wicker (R-MS), Ranking Member of the Commerce, Science, & Transportation Committee; Pat Toomey (R-PA), Ranking Member of the Banking, Housing, & Urban Affairs Committee; Mike Crapo (R-ID), Ranking Member of the Finance Committee; and John Barrasso, Ranking Member of the Energy and Natural Resources Committee.