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House Democrats propose an additional $547 billion for roads and bridges as infrastructure stalemate continues

Mount Equity Group Tokyo, Japan > News > Markets > House Democrats propose an additional $547 billion for roads and bridges as infrastructure stalemate continues

Peter DeFazio.

House Democrats have proposed a bill for $547 billion in additional funding for roads and bridges. Republicans criticized the proposal for focusing too much on climate initiatives. This comes as Biden is in the midst of negotiations with the GOP on his $4 trillion infrastructure plan. See more stories on Insider’s business page.

As President Joe Biden continues his effort to reach a bipartisan agreement on his infrastructure proposal, House Democrats have proposed additional funding for rebuilding the country’s physical infrastructure – an area Republicans have argued doesn’t have enough focus.

On Friday, Chair of the House Committee on Transportation and Infrastructure Peter DeFazio, Chair of the Subcommittee on Highways and Transit Eleanor Holmes Norton, and Chair of the Subcommittee on Railroads, Pipelines and Hazardous Materials Donald M. Payne, Jr. introduced the INVEST in America Act, which invests $547 billion over five years to rebuild transportation infrastructure.

“The benefits of transformative investments in our infrastructure are far-ranging: we can create and sustain good-paying jobs, many of which don’t require a college degree, restore our global competitiveness, tackle climate change head-on, and improve the lives of all Americans