KBRA, a full-service credit-rating agency registered in the United States, European Union and United Kingdom, has released a new report that provides an overview of the provisions included in the Infrastructure Investment and Jobs Act (IIJA) and details its environmental- and social-related funding.
The report also highlights the environmental and social policies in the Build Back Better (BBB) Act.
President Joe Biden signed the IIJA into law on Nov. 15, 2021, investing $550 billion above baseline levels in U.S. infrastructure for the next five years. The $1.2 trillion package will be the largest federal investment in infrastructure projects in decades, targeting improvements in roadways, bridges, public transportation and water systems.
As the world increasingly moves toward a low-carbon economy, the IIJA will fund and expand climate-mitigation, social-equity and environmental-justice programs. The IIJA does little to reduce the country’s emissions level, but