American Sustainable Business Council Applauds Historic Passage of the Bipartisan Infrastructure Investment and Jobs Act
Washington, DC – The American Sustainable Business Council (ASBC) and Social Venture Circle (SVC) announced their strong support for the House passage of the Infrastructure Investment and Jobs Acts, (IIJA) sending it to President Biden to be signed into law. This also sets up the House for a vote on the remaining Build Back Better Act during the week of November 15.
Among the precedent-setting, far encompassing benefits of the legislation, components of the IIJA will: repair our crumbling roads and bridges; make the largest federal investment in passenger rail since the creation of Amtrak; expand broadband to ensure every American has access to reliable high-speed internet and close the digital divide; secure clean water by replacing lead pipes; help tackle the climate crisis by making investments in clean energy transmission and EV infrastructure; electrify buses; and, build a resilient, clean, 21st century electric grid.
The collective network of ASBC and SVC’s individual companies, investors, and other business organizations contributed to today’s legislative success by bringing the together the input of more than 250,000 who are committed to the triple bottom line and advocating for solutions and policies that support an equitable, inclusive, sustainable, stakeholder economy. We have been strong advocates for BBB and IIJA and the original $3.5 trillion reconciliation measure, including access to broadband, safe water, and the move away from fossil fuels. We helped last month recruit hundreds of American businesses to support both the investments and revenue measures (including the corporate tax hike) to push back against detracting efforts by other conservative business organization.
“While ASBC and SVC and our members are disappointed that some of the President’s priorities were not included at all or as fully as proposed, these milestone bills advance important priorities that will help us to move closer to an economy that works for all and the largest investment in history to deal with the climate crisis,” said Jeffrey Hollender, CEO of ASBC.
For those provisions that are not included in this Act and the anticipated passage of the BBB Act, ASBC and SVC are hopeful that the Administration will use its executive authority to the fullest extent possible to continue to support the broader agenda.