Over the weekend the U.S. House of Representatives passed the $1.2 trillion infrastructure bill. With the Senate already approving the measure it now goes to the President for his signature. Soy Transportation Coalition Executive Director Mike Steenhoek says the $1.2 trillion is funded over eight years and his group is pleased to see it on its way for final passage after it was untied from the Build Back Better Budget bill which had delayed its approval.
He says funding in the infrastructure bill reflects general infrastructure type programs like transportation, rural broadband, the electricity grid and drinking water and leaves a majority of the social programs in the Build Back Better Act.
Steenhoek says an important provision in the infrastructure bill funds roads and bridges to the tune of $110 billion dollars with another $40 billion of that going to road and bridge repair, rehabilitation and repair and $17 billion for ports and locks and dams and the inland waterway system.
He says all of that funding will enhance the competitiveness of U.S. agriculture.