Infrastructure Investment and Jobs Act

Addressing our nation’s complex infrastructure needs requires a comprehensive approach.

    


The Infrastructure Investment and Jobs Act (IIJA) – a.k.a the Bipartisan Infrastructure Law (BIL) was signed into law on November 15, 2021. IIJA is an unprecedented investment in our nation's infrastructure, a focus on value, social equity, climate resilience and sustainability. Driving this kind of change and meeting America’s infrastructure challenges means IIJA has more breadth and complexity than any other federal infrastructure bills in the last 50 years.

IIJA overview
 

$840+ billion

Top-line figure, from which funding will be appropriated annually.

~$550 billion

New spending above baseline levels in bill.

375+

Programs (formula and competitive) + a diverse range of eligible assets classes, projects and applicants.

Multiple

Federal agencies involved in IIJA management, including Department of Transportation, Energy, Commerce, Agriculture, and more.

Complex

Funding criteria encompasses mobility and community connectivity, environment justice, resilience and social equity.

Over $1 trillion

In investment.


 

~$550 billion

New spending above baseline levels.

375+ Programs

Formula and competitive programs have a diverse range of eligible asset classes, projects and applicants.

Funding criteria

Encompasses mobility and community connectivity, environment justice, resilience and social equity.

Recipients

Includes states, tribes, local governments, counties, cities, MPOs, public agency, private entity, NPOs.

 
Source: Infrastructure Investment and Jobs Act of 2021, H.R. 3684, 117th Cong. (2021); “Updated Fact Sheet: Bipartisan Infrastructure Investment and Jobs Act”, August 2, 2021, whitehouse.gov

IIJA funding by sector



Source: Infrastructure Investment and Jobs Act of 2021, H.R. 3684, 117th Cong. (2021); “Updated Fact Sheet: Bipartisan Infrastructure Investment and Jobs Act”, August 2, 2021, whitehouse.gov
Source:  KPMG analysis of the H.R.5376 - Inflation Reduction Act of 2022, 117th Congress (2021-2022)
Source: Committee for a Responsible Federal Budget website, September 7, 2022

IIJA progress


$185 billion in funding for over 6,900 projects


4,000 communities impacted across 50 states, DC, and territories


53 state and territory appointed Infrastructure Coordinators ("Infra Czars")

    


Frederal government hiring 8,000 staff to support grant management


Multiple resources being established to support IIJA preparedeness

 
Source: “Fact Sheet: One Year into Implementation of Bipartisan Infrastructure Law, Biden-⁠Harris Administration Celebrates Major Progress in Building a Better America" November 15, 2022, whitehouse.gov

   


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RELATED INSIGHTS

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The largest bill of its kind in a generation—with a distinct, interconnected approach—marks a new era for infrastructure.
 

The groundbreaking Infrastructure Investment Jobs Act

Available funding presents opportunities and challenges.

Infrastructure is undoubtedly the new focus for the next decade. As a nation we now face the challenge of fully leveraging funding to deliver on the mission ahead. A mission that requires a focus on projects that are not just shovel ready—but shovel worthy. It’s important to understand the challenges involved and how to meet them in order to make the most of historic opportunities.

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We have extensive infrastructure funding knowledge to share. Please visit our Infrastructure funding success (kpmg.us) for more information on how we can help. 

     

Christian Roberts

Christian Roberts

Principal, Infrastructure Capital Projects and Climate Advisory, KPMG US

+1 571-528-0728
David Spector

David Spector

Director, Infrastructure Capital Projects and Climate Advisory, KPMG US

+1 720-936-8960
Suzie Heap

Suzie Heap

Director, Infrastructure Capital Projects and Climate Advisory, KPMG US

+1 972-762-5503
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