Biden Administration

Water systems will have five years to comply, although the Biden administration estimates only between 6% and 10% of systems will need to treat.

Federal agencies will be required to simplify Notice of Funding Opportunities as part of a "complete overhaul" of federal financial assistance rules.

The grants come from the IRA's flagship Greenhouse Gas Reduction Fund program, which separately provides $7 billion for states and cities that has yet to be announced.

The snub could become more important next year when Tax Cuts and Jobs Act provisions expire and tax issues take center stage at Congress.

The loan is part of an Inflation Reduction Act program that finances the restart of renewable energy projects that have ceased operations.

The American High-Speed Rail Act has seen "some initial interest from Republican lawmakers – I'm working hard to get them on board too," said bill sponsor Rep. Seth Moulton, D-Mass.

California's Inglewood Transit Connector Project, Chicago's Red Line extension, New York-New Jersey's Hudson Tunnel and the Second Avenue subway would all win funds under the spending proposal.

States and local governments can use the funds to hire advisors to consider alternative delivery models for transportation projects.

"Cry me a river, Rep. John Garamendi, D-Calif., told officials testifying about grant funding problems in the infrastructure law. "You guys have never had it so good."

In President Biden's State of the Union address, he touted the progress he's made on raising corporate taxes while setting up a larger battle for further increases as Trump era cuts are set to expire.