The passage of the Infrastructure Investment and Jobs Act, H.R. 3684, otherwise known as the Bipartisan Infrastructure Framework, is being celebrated by industry associations.
Last week, the House voted to approve the Bipartisan Infrastructure Deal, which will invest more than $550 billion in U.S. infrastructure over the next five years; the legislation now heads to the White House for President Biden’s signature.
In a statement, the National Retail Federation President and CEO Matthew Shay said, “This substantial influx of investment in our roads, ports, bridges and other core infrastructure will further enable businesses to meet burgeoning consumer demand and promote economic growth.” He continued, “The prioritization of our nation’s fundamental transportation network will mitigate many of the supply chain challenges businesses are experiencing today and will pave the way for a 21st century infrastructure system that can withstand future disruptions.”
On the day of the vote, Consumer Brands Association President and CEO Geoff Freeman said, “Today’s passage reverses years of inaction and inattention in Washington that has worsened our current supply chain crisis. This legislation is a monumental step forward, but it cannot solve the immediate supply chain crisis that is hampering the economy and driving increased costs for American families."
Freeman is encouraging Congress and the Biden administration to stay focused on what can be done to fix problems now. Consumer Brands put forward a set of immediate policy recommendation and will continue to act as a partner to the administration to ease supply chain bottlenecks and ensure consumers have access to products they depend on every day.
Related: How to Ensure Supply Chain Success; USDA to Spend $4 Billion to Strengthen Supply Chain.