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Jobs and Carbon-Free Transport: Investments, Tax Breaks, and Worker Support.

This act aims to create new jobs and develop environmentally friendly transportation. It introduces grant programs for low-carbon transportation corridors and financing mechanisms for public transport investments and affordable housing. Additionally, it provides support for fossil fuel workers, helping them transition to sustainable energy sectors.
Key points
Transportation Development: New interconnected transport systems (low-carbon corridors) will be created, including high-speed rail, EV lanes, and bicycle paths, potentially reducing travel times and improving air quality.
Investment Financing: Funds for public transport development and affordable housing near stations will be raised by capturing the increased property value in these areas.
Worker Support: Fossil fuel industry workers will receive assistance for retraining and finding jobs in renewable energy sectors, with a job guarantee program if needed.
Buy American Requirement: Projects funded by this act must use iron, steel, and other manufactured products produced in the United States, supporting the domestic economy.
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Additional Information
Print number: 117_HR_5896
Sponsor: Rep. DeSaulnier, Mark [D-CA-11]
Process start date: 2021-11-05