U.S. Infrastructure Legislation Is Now Law — What Will It Mean?

On Monday, November 15, President Joe Biden signed a $1.2 trillion infrastructure bill into law. MSCI supported this legislation and advocated for it through its #LetsBuildNow campaign on social media and at www.build-now.org. As our campaign argued, North American “infrastructure is in desperate need of modernization, and faces a high risk of failure over the next few years. From better highways to hospitals, airways to railways, green energy to internet connectivity, the need for better infrastructure is wide-ranging and immediate. This investment will impact all of us, and spur the creation of well-paying jobs along the industrial metals supply chain.”

The funding passed by the U.S. Congress will be used to upgrade the nation’s roads, bridges, ports, power lines, and broadband internet and will help the United States compete with China and other nations in emerging industries.

Interested in learning more about this legislation, and how it will impact the economy and U.S. businesses? The U.S. Chamber of Commerce (USCC) has assembled several documents, infographics, and articles:

• Click here to download a myth versus fact sheet that explains that the bill will not hasten inflation;
• Click here to download a graphic that breaks down funding in the bill;
• Click here to learn how the legislation will impact the U.S. economy; and
• Click here to read about how the bill will impact business.

MSCI is grateful to the USCC for sharing this information and for its leadership on this issue. MSCI also is grateful for its partnership with, and the leadership of, the National Association of Manufacturers (NAM). NAM has more information on the infrastructure bill here.