$1.5 Trillion Infrastructure Bill Introduced
An ambitious $1.5 trillion infrastructure bill has been introduced. The Moving Forward Act, which would focus on investing “in programs, projects and materials that emphasize resiliency while reducing carbon pollution from the transportation sector,” is the latest attempt to address our country’s failing infrastructure.
Will the Moving Forward Act bolster the construction industry? Or will it be yet another bill that never makes it out of the U.S. Senate? We answer these questions and more below. If you and your construction business depend on infrastructure funding, remember that the Naples contractor lawyers with Cotney Attorneys & Consultants are always able to assist.
The Moving Forward Act
“[T]he Moving Forward Act, is a more than $1.5 trillion plan to rebuild American infrastructure — not only our roads, bridges, and transit system, but also our schools, housing, broadband access, and so much more.” With regard to the construction industry, the Moving Forward Act will:
- Invest over $300 billion to fix roads and structurally deficient bridges
- Make roads smarter and safer for everyone, including pedestrians and bicyclists
- Leverage a $10 billion federal investment to upgrade childcare facilities to comply with public health orders
- Invest over $100 billion into affordable housing infrastructure
- Invest $40 billion in wastewater infrastructure
- Invest $70 billion in energy infrastructure
The $300 billion investment alone would be an incredible boon for construction companies throughout the country. As of the time of this writing, the coronavirus pandemic has spread throughout the industry, causing widespread job losses and project delays. If you’re experiencing any of these issues on one of your projects, consult a Naples contractor lawyer.
Putting Your Business in a Position to Succeed
The Moving Forward Act is set to be voted on in early July when it will have to make its way through the U.S. Senate, where it is notoriously difficult to pass laws. It’s important to remember that, even if the Moving Forward Act is voted down in congress, there will likely be an infrastructure bill like it in the near future. The Trump administration is preparing a $1 trillion proposal of its own, and lawmakers often champion fixing our nation’s infrastructure. We believe that, sooner or later, industry will receive the support it so rightly deserves.
Whenever a bill like this makes headlines, there are always calls for fair and transparent competition when it comes to the procurement of infrastructure projects. If your company ever needs assistance during the procurement process, the Naples contractor attorneys from Cotney Attorneys & Consultants can assist you. Our attorneys are as adept at helping companies land major projects as they are at protesting and defending bid awards.
If you would like to speak with a Naples contractor attorney, please contact us today.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.