SIA: What the Infrastructure Investment & Jobs Act Means for Security, Life Safety Companies
On Nov. 5, on a bipartisan basis, the U.S. House of Representatives passed the most significant U.S. investment in infrastructure in decades, with President Biden signing it into law on Nov. 15.
The Infrastructure Investment and Jobs Act would increase spending on infrastructure by $550 billion over five years. This includes funding far above baseline for many existing highway, transit, rail and other programs included in surface transportation reauthorizations that are operating under a short-term extension through Dec. 3, as well as a number of entirely new programs.