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⭐⭐ Breaking News ⭐⭐ After 20 years of talking about doing it from both parties tonight the House of Representatives passed the bipartisan infrastructure bill. It is important to note that this is a totally separate bill from the $1.75 trillion Build Back Better bill. This bill has already passed the Senate with 69 votes in favor meaning 19 Republicans supported it. I've seen a lot of people who do not understand that there are two separate bills. This bill deals specifically with infrastructure. I know that frequently it is said that the market has priced in news events but I do not believe that that is the case this time because literally no one knew whether or not they were going to pass this. That means it is very likely that the typical "sell the news" moment will be avoided. Below I will detail what this bill contains. I'll also provide sourcing and a link to the text itself. There's so much disinformation these days it is extremely important to verify things before stating them as fact. I've put forth the effort to make sure what I'm saying here is actually real. ⭐Funding for roads and bridges⭐ The bill calls for investing $110 billion for roads, bridges and major infrastructure projects. Included is $40 billion for bridge repair, replacement and rehabilitation, according to the bill text. The White House says it would be the single, largest dedicated bridge investment since the construction of the interstate highway system, which started in the 1950s. The deal also contains $16 billion for major projects that would be too large or complex for traditional funding programs Also in the package is $11 billion for transportation safety, including a program to help states and localities reduce crashes and fatalities, especially of cyclists and pedestrians. It would direct funding for safety efforts involving highways, trucks, and pipeline and hazardous materials. And it contains $1 billion to reconnect communities -- mainly disproportionately Black neighborhoods -- that were divided by highways and other infrastructure. It will fund planning, design, demolition and reconstruction of street grids, parks or other infrastructure. The package will provide $39 billion to modernize public transit. The funds will repair and upgrade existing infrastructure, make stations accessible to all users, bring transit service to new communities and modernize rail and bus fleets, including replacing thousands of vehicles with zero-emission models. The deal will also invest $66 billion in passenger and freight rail. The funds would eliminate Amtrak's maintenance backlog, modernize the Northeast Corridor line and bring rail service to areas outside the Northeast and mid-Atlantic regions. Included in the package is $12 billion in partnership grants for intercity rail service, including high-speed rail. ⭐Broadband upgrade⭐ The bill will provide a $65 billion investment in improving the nation's broadband infrastructure. It also aims to help lower the price households pay for internet service by requiring federal funding recipients to offer a low-cost affordable plan, by creating price transparency and by boosting competition in areas where existing providers aren't providing adequate service. It will also create a permanent federal program to help more low-income households access the internet. ⭐Upgrading airports, ports and waterways⭐ The deal will invest $17 billion in port infrastructure and $25 billion in airports to address repair and maintenance backlogs, reduce congestion and emissions near ports and airports and promote electrification and other low-carbon technologies. ⭐Electric vehicles⭐ The bill will provide $7.5 billion for zero- and low-emission buses and ferries, aiming to deliver thousands of electric school buses to districts across the country. Another $7.5 billion will go to building a nationwide network of plug-in electric vehicle chargers. ⭐Improving power and water systems⭐ The bill will invest $65 billion to rebuild the electric grid. It calls for building thousands of miles of new power lines and expanding renewable energy. It will provide $55 billion to upgrade water infrastructure. It will replace lead service lines and pipes so that communities have access to clean drinking water. Another $50 billion will go toward making the system more resilient -- protecting it from drought, floods and cyberattacks. ⭐Environmental remediation⭐ The bill will provide $21 billion to clean up Superfund and brownfield sites, reclaim abandoned mine land and cap orphaned gas wells. I would go into how all of it is funded but as this is an investment site that part isn't totally relevant. The links I enclosed contain that information if you're interested. So now that you've seen where the spending will go there should be a pretty strong market reaction in several areas including rail, materials, and EV charging infrastructure. I'm sure you all have stocks in mind for these but I'll put forward some potential winners I see in a separate post. I would like to close with this: if we're going to complain when they don't do anything then we need to celebrate when they do. I've been very vocal as to my distaste for the total lack of progress on any issue. This bipartisan plan isn't perfect, if you were expecting it to be welcome to the real world. What it is is some of the biggest spending in this country's history on things that benefit all of us. A bridge just miles from me had a partial collapse earlier this year and it's only the beginning. If this spending is executed even remotely competently we will all enjoy safer roads, cleaner water, and expanded internet capabilities. They make me crazy on many occasions but for 20 years a bill like this has been talked about and neglected. It has finally been dealt with. Let's celebrate the win and make money on the aftermath! Sources https://apnews.com/article/joe-biden-business-bills-38b84f0e9fcc8e68646eedf6608c4c70 /////// https://www.investopedia.com/here-s-what-s-in-the-usd1-trillion-infrastructure-bill-passed-by-the-senate-5196817 ///// https://www.whitehouse.gov/briefing-room/statements-releases/2021/08/02/updated-fact-sheet-bipartisan-infrastructure-investment-and-jobs-act/ ///// #tcardizzle #infastructure #congress If you want to get more insights like this please join us on discord https://discord.gg/emntYaQkDu
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