President Biden signs $1.2 trillion infrastructure bill into law

The bipartisan infrastructure bill has now been signed into law by President Biden. Congress passed the $1.2 trillion infrastructure package on Nov. 5.

“The world has changed, and we have to be ready. My fellow Americans, today I want you to know, we hear you and we see you,” the president said on the White House South Lawn before signing the legislation. “The bill I’m about to sign into law is proof that despite the cynics, Democrats and Republicans can come together and deliver results. We can do this. We can deliver real results for real people.”

The $1.2 trillion package will aim to fix bridges and roads, change out unhealthy lead water pipes, build an electric vehicle charging network, and expand broadband internet, the most significant government investment of the kind since creation of the national highways network in the 1950s.

“We’ve heard countless speeches… but today we’re finally getting this done,” Biden told hundreds of invitees, including opposition Republicans, on the White House South Lawn. “So, my message to the American people is this: America is moving again and your life is going to change for the better.”

the Congressional Budget Office (CBO) said it would release a final estimate on the cost of Mr. Biden’s second signature piece of legislation, the Build Back Better Act, by Friday. Democrats will only need a simple majority to pass Build Back Better in the Senate, in the event that no Republicans support it, all 50 Democrats will need to vote for it.