On November 15, 2021, President Biden signed the Infrastructure Investment and Jobs Act (or “IIJA” or Bipartisan Infrastructure Law/BIL) into law.
The bipartisan infrastructure law provides $1.2 trillion over five years from FY 2022 through FY 2026, including $550 billion in new investments for all modes of transportation and other infrastructure programs. In addition to providing authorizations for a wide variety of programs, the IIJA also makes advanced appropriations over a number of years to several federal agencies (subject to annual appropriations bill funding levels).
Detailed below is background information about how the law impacts the railway industry about well as additional resources useful for railway contractors and suppliers.
Review the full NRC statement on the passage of IIJA
Funding
$66 billion for passenger and freight rail
$39 billion for transit
Other Key Grant Programs
Other Key Policy Provisions
What Is Notably NOT in the Bill
Links to Helpful Resources
“The NRC’s advocacy efforts help members cultivate relationships with lawmakers so we can have ongoing dialogue about important rail-related issues. The Members of Congress we've met with are eager to learn more and to exchange ideas with professionals who have first-hand experiences. Those NRC members who have participated have found that their perspectives really resonated with the Members of Congress.”
Senior Vice President and Freight Market Sector Leader
TranSystems