Bipartisan Senate Committee Proposes $304 Billion Road Bill That Addresses Climate Change
Senate Committee unveiled an almost $304 billion road bill that addresses climate change in the United States. The said bill was a bipartisan compromise and was announced on Saturday by Senators Tom Carper, Shelley Moore Capito, Ben Cardin, and Kevin Cramer.
The bill was proposed by the bipartisan senators as the negotiations of Republicans and the White House regarding the infrastructure plan President Joe Biden was backing were faltering, The San Diego Union-Tribune reported.
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What is the Scope of the Bipartisan Road Bill?
The announcement was led by the Senate's Environment and Public Works Committee, headed by Senator Tom Carper. Politico noted that the $303.5 billion bill would replace the existing surface transportation law, which is expected to expire in September.
The bill includes Democratic priorities concerning the environment, racial equity, so-called complete streets, and pedestrian safety. $6.4 billion will be allocated for states to reduce their carbon emissions or footprints from transportation, and $2.5 billion will be for electric vehicle charging infrastructure, as well as allowing states to spend some federal money on chargers with $15 billion budget. $500 million will also be allocated to knockdown or rethink highways that are often built in Black neighborhoods. $20 billion will be granted from the bill that will support racial equality programs, and $2 billion will be allocated as grants for the rural communities.
Details regarding the remaining amount of the budget were not furthered by the officials.
However, Politico noted that 34 percent of the committee bill will offer 34 percent more money compared to the current spending on highway-related needs. It also proposed that $500 million will be spent over five years on alternative fueling and charging infrastructures.
Since the bill is an effort between the two parties, there are also parts of the bill that will likely appeal to Republicans. The bill announced on Saturday also suggested an overhaul of the environmental review process for major projects setting the goals of finishing it in two years.
The Bill, According to the Authors
Senator Carper, Democratic, noted that he is proud in joining his colleagues in drafting "a bill that invests in the nation's transportation infrastructure," emphasizing that their proposal will create jobs, address climate change, and broaden the opportunities for Americans.
"These critical investments will help to provide economic opportunities in now and for future generations," said Senator Capito, Republican. Capito also hoped that the committee will work together to push the legislation "that will go a long way" in improving the roads and highways of the United States.
The San Diego Union-Tribune noted that the said bill unveiled by a bipartisan Senate committee must be passed by Congress by September 30, the current law's expiry. Furthermore, the said committee behind the bill was scheduled to meet on Wednesday to consider the bill publicly.
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WATCH: Why U.S. Roads And Highways Are So Bad - from CNBC
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