Unless you’ve been living under a rock – or perhaps a load-bearing bridge beam – and have no internet connection, you have heard that H.R.3684, the Infrastructure Investment and Jobs Act, passed out of the House on November 5 and was signed into law by President Biden.
The Indiana Chamber supported the passage of this bill. It’s an impressive measure, serving as the largest long-term investment in U.S. infrastructure and competitiveness in nearly a century. The bill, as passed, is just over 1,000 pages; here is a helpful summary of the bill released by the U.S. Chamber of Commerce. Furthermore, here is a summary of what it means for local government around the U.S..
For a more detailed breakdown specific to Indiana, visit the White House web site.
While the Chamber applauds the bipartisan action to pass the long-sought infrastructure package, we continue to strongly oppose the partisan reconciliation measure – which narrowly passed the House today.
The Chamber views the reconciliation bill, which incorporates President Biden’s Build Back Better plan, as unnecessary and reckless. One example that could be potentially devastating is the bill substantially increases the penalty of a COVID-19 vaccine mandate violation from $14,000 to a whopping $70,000. It’s anti-business, anti-workforce and anti-American.
Resource: Greg Ellis at (317) 264-6881 or email: gellis@indianachamber.com
