American Sustainable Business Council Joins Signing of the Infrastructure Investment and Jobs Act at Invitation of the White House
Washington, DC – The American Sustainable Business Council (ASBC) and Social Venture Circle (SVC) were well represented by CEO Jeffrey Hollender at the White House today for the signing into law of the bipartisan Infrastructure Investment and Jobs Act (IIJA).
The $1.2 trillion IIJA, for which ASBC and SVC aggressively advocated, is designed to deliver significant infrastructure improvements for Americans and American businesses, including:
- the largest federal investment in passenger rail since the creation of Amtrak;
- major investments in clean energy transmission and EV infrastructure; electrify buses; and, build a resilient, clean, 21st century electric grid to help combat climate change;
- expanded broadband to ensure every American has access to reliable high-speed internet and close the digital divide;
- securing clean water with the replacement of lead pipes;
- repair crumbling roads and bridges.
Following today’s historic signing, the next key step is passage of the Build Back Better (BBB) Act, which is expected to be voted on by the full House as early as next week, providing urgently-needed human infrastructure as well as significant additional climate investments.
“I am honored to represent our thousands of supportive members who share our commitment to this precedent setting, far encompassing piece of legislation which advances important priorities that will help us to move closer to an economy that works for all and is the largest investment in history to deal with the climate crisis,” said Hollender.
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. 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 business organization. For those provisions that are not included in these Acts, 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.
The American Sustainable Business Network (ASBN) is a partner to businesses and the investor community to bring collective wisdom and public policy solutions to the systemic issues negatively impacting our society and planet. Founded through the merger of the American Sustainable Business Council (ASBC) and Social Venture Circle (SVC), ASBN rejects short-term thinking narrowly focused on just shareholder value in favor of a capitalism based on creating long-term value and being accountable to all stakeholders: owners, workers, families, community, environment, state, nation, and world. As a multi-issue, membership organization advocating on behalf of every business sector, size, and geography, ASBN and its association members collectively represent over 250,000 businesses across our networks.