President Biden signed into law the first half of his domestic agenda, the bipartisan Infrastructure Investment and Jobs Act (IIJA) – a $1.2 trillion bill that increases funding for existing infrastructure such as highways, roads, and bridges. The legislation also establishes new policies that will guide the U.S. Department of Transportation, state Departments of Transportation, State Asphalt Pavement Associations, and the asphalt pavement industry for the next five or more years.
H.R. 3684 passed the U.S. Senate on a bipartisan vote in August, and eventually won bipartisan support in the U.S. House of Representatives. While this law will provide a much-anticipated influx of federal highway funding, Congress is also considering additional funding in the second half of President Biden’s “Build Back Better” agenda, a broader $1.75 trillion package to support efforts to reduce greenhouse gas emissions. Taken together, these two bills will open- up new opportunities for the asphalt pavement industry.
NAPA’s Executive Vice President of Advocacy, Jay Hansen, will be the featured speaker for this session. A veteran of seven surface transportation reauthorization bills going back to 1986, Jay will share with the industry how IIJA is put together, what NAPA was able to secure for the asphalt pavement industry, and when you can expect to see the funding flow into highway projects. Jay will also highlight some of the provisions in the Build Back Better bill now pending in the U.S. Senate.