Senate Energy Committee Passes Energy Infrastructure Act
Jul 19, 2021
The Energy Infrastructure Act authorizes over $100 billion to:
- Invest in the reliability and resilience of our electric grid and expand transmission capabilities
- Demonstrate the critical energy technologies
- Build out our domestic supply chains for clean energy technologies
- Invest in water infrastructure needed by western states, restore our ecosystems, and mitigate wildfire risk
- Clean up the abandoned energy infrastructure and mine lands that powered our country to greatness while also reducing methane emissions
- Fund the Energy Act of 2020
As the Senate plans to move forward with a comprehensive infrastructure package, the chamber will advance two versions: a bipartisan bill through regular order and another bill supported by Senate Democrats through reconciliation, which only requires a simple majority to move the legislation forward, bypassing the Senate’s filibuster process. The Energy Infrastructure Act passed by Committee will be included in the bipartisan version. The bipartisan infrastructure bill is expected to cost $1.2 trillion compared to the Democrat-led reconciled bill, which would cost $3.5 trillion.
ASME will continue to monitor the comprehensive infrastructure legislation as it advances through Congress.