President-elect Joe Biden will ask Congress to approve a $1.9 trillion plan to fund immediate relief for the pandemic-wracked U.S. economy. Entitled, American Rescue Plan, the ambitious proposal includes $20 billion in aid for public transit agencies and $350 billion in aid for state and local governments. In a January 14 speech, President-elect Biden said he would lay out a second, broader economic recovery plan at a joint session of Congress next month. That initiative will include money for longer-term development goals such as infrastructure and climate change. While there was no direct funding for highway programs in the first round of recovery aid, NAPA President and CEO, Dr. Audrey Copeland said, “The fiscal aid to state and local governments will help reduce the pressure state and local transportation agencies have to reduce spending on highway, roads, and bridges due to declining tax revenues caused by the pandemic.” For more information contact Jay Hansen or Ashley Jackson.
January 18, 2021 by NAPA Government Affairs Team
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