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Biden Announces $2 Trillion Infrastructure Plan Aimed to Boost U.S. Manufacturing | Wiley Rein LLP


[co-author: Nicole Hager]
On March 31, 2021, President Joe Biden announced a $2 trillion infrastructure plan, named the “American Jobs Plan.” In addition to seeking upgrades to U.S. highways, bridges, ports, airports, transit systems, and waterways, the plan would make significant investments in areas outside of traditional infrastructure, including the electric grid, high-speed broadband, housing, schools, and commercial buildings. It aims to not only revitalize American manufacturing, create U.S. jobs, and strengthen U.S. supply chains, but also to address climate change, “long-standing and persistent racial injustice,” and “the ambitions of an autocratic China.”
While the plan does not specifically reference iron or steel or identify the infrastructure investments to which Buy America/n requirements will apply, the plan asks Congress to include a “commitment to increasing American jobs through Buy America,” and would provide incentives to “re-shore” ....

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