$1.5T

June 23, 2020 | Number of The Day
Price tag on infrastructure bill being promoted by Rep. Frank Pallone

A federal bill that would rebuild America’s infrastructure, stimulate the stalled economy, create millions of well-paying jobs and make investments in clean-energy initiatives to combat climate change: Those are among the aims of the blockbuster Moving Forward Act introduced in Washington Monday by House Democrats. Price tag? Correspondingly blockbuster, at $1.5 trillion.

Among those leading the push for the measure is U.S. Rep. Frank Pallone (D-NJ); the legislation would encompass his Living Shore Shorelines Act, which would protect coastal communities from sea level rise and the stronger storms associated with climate change.

A pivot to green infrastructure and an acceleration toward clean energy are central to the bill, of which Pallone said, “The Moving Forward Act makes critical investments that will help my home state of New Jersey, including a much-needed investment in modes of transportation my constituents use every day, including roads, bridges, and Amtrak.” As Chairman of House Energy and Commerce Committee, Pallone authored provisions in the bill that deal with investments in clean energy, safe drinking water, broadband and health infrastructure.