U.S. Congress Passes Infrastructure Act
U.S. Congress Passes Infrastructure Act

Author(s): Andrzej Dąbrowski, Mateusz Piotrowski
Subject(s): Politics, Economic policy, International relations/trade, Economic development, Law on Economics
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: USA; congress; Infrastructure Act; investments;
Summary/Abstract: On 15 November, U.S. President Joe Biden signed into law a bipartisan bill that provides for $1.2 trillion in infrastructure investments. The success of this legislation and subsequent initiatives related to social spending to a large extent will determine whether the Democratic Party retains control of Congress after the 2022 “mid-term” elections. In implementing the bill, one of the administration’s goals will be to make the U.S. more economically competitive with China. Strengthening efforts to reduce emissions will enable the U.S. to play a more important role as a leader in the fight against climate change.

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