ARTICLE
13 July 2021

US Infrastructure Update: Major Spending Proposals From Biden Administration

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A&O Shearman

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A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
There is renewed optimism in the U.S. for increased public and private infrastructure investment in the coming years and that the federal government will play a more active supporting role.
United States Government, Public Sector

There is renewed optimism in the U.S. for increased public and private infrastructure investment in the coming years and that the federal government will play a more active supporting role. On March 31, the Biden administration released its American Jobs Plan (the "AJP"), a detailed blueprint to spend more than $2 trillion over eight years for a wide range of infrastructure-related initiatives, including both "core" or "traditional" infrastructure programs as well as energy transition and job creation proposals. The AJP is the first of two large spending proposals the administration has introduced in recent weeks; the second, called the American Families Plan, would spend or provide tax credits totaling approximately $1.8 trillion for child-care funding, paid family and medical leave, universal prekindergarten instruction and other priorities.

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