Biden signs infrastructure bill, promoting benefits for Americans - The New York Times
President Biden signed a $1 trillion infrastructure bill into law on Monday afternoon, a bipartisan victory that will pour billions into the nation’s roads, ports and power lines.
While the bill stopped short of realizing his full-scale ambitions for overhauling America’s transportation and energy systems, Mr. Biden pointed to it as evidence that lawmakers could work across party lines to solve problems in Washington.
He also said it would better position the United States to compete against China and other nations vying for dominance of 21st century emerging industries.
Hours before a virtual summit with President Xi Jinping of China, whose infrastructure initiatives have helped vault China to global leadership in advanced manufacturing and other areas, Mr. Biden said the bill showed democratic governments can deliver for their citizens.
“Let’s remember what we’ve got done for the American people when we do come together,” Mr. Biden said, celebrating the bill on the South Lawn of the White House. “I truly believe that 50 years from now, historians are going to look back at this moment and say, that’s the moment America began to win the competition of the 21st century.”
The bill Mr. Biden signed will not address the nation’s entire backlog of needed infrastructure investments, and it is not as ambitious as Mr. Biden’s initial $2.3 trillion proposal. The compromises that were necessary to win over a large group of Senate Republicans pared back the president’s ambitions for investing in “human infrastructure” like home health care and fortifying the nation’s physical infrastructure to fight and adapt to climate change.