Infrastructure bill: Schumer announces bipartisan group has finished legislative text

The Democrat from New York said, “A bipartisan group of senators has finished writing the text of the infrastructure bill, and in a moment I will be taking the procedural steps to make their legislative language the basis of the bill here on Earth.”

Now that the text is complete, Schumer has introduced it as an alternate amendment, making it the basis of a bipartisan infrastructure bill. This allows the Senate to begin an amendment process that could take days. Schumer said on the ground that given “how bipartisan the bill is,” he believed “the Senate could quickly process relevant amendments and pass this bill within days.”

After announcing the completion of the bipartisan infrastructure bill text, Schumer praised the group’s efforts, saying that “these days it’s not easy to do major bills in the Senate, especially bipartisan ones.”

“It’s been decades, decades since Congress passed such a large, independent investment, and I applaud the hard work everyone here has done,” he added.

More than half of the bill — $550 billion — includes new federal funding to be spent over five years. It invests $73 billion to rebuild the electrical grid, $66 billion in passenger and freight rail, $65 billion to expand broadband internet access, $55 billion to water infrastructure, $40 billion to repair bridges, and $39 billion to modernize Public transportation such as buses, and $7.5 billion to create the first federal network of charging stations for electric vehicles.

Schumer also reiterated his two-track strategic goal to pass both a bipartisan infrastructure bill and budget resolution before the August recess.

“A bipartisan infrastructure bill is certainly necessary, but for many of us it is not enough,” he said in his speech in the chamber. “That’s why soon after this bill passes, Senate Democrats will move forward with a budget resolution to allow the Senate to make more historic and vital investments.”

Members of the bipartisan group spoke on the Senate floor ahead of the expected announcement Sunday night.

“We know this has been a long and sometimes difficult process, but tonight we are proud to announce this legislation,” Arizona Democratic Senator Kirsten Senema said.

“The center-out process has worked,” added Senator Rob Portman, an Ohio Republican and another lead negotiator.

The group has been working on this legislation for months, with agreement finally being reached on key issues between Democrats and Republicans over a $1.2 trillion infrastructure proposal last week.

This story has been updated with additional information.

CNN’s Kristen Wilson and Lauren Fox contributed to this report.

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