Infrastructure Bill Inches Closer to Senate Passage

Author: Daniel Guttman   Date:

Debate among United States senators continues to surround the passage of Joe Biden’s $550 billion infrastructure bill. Most recently, that debate centered around an amendment seeking to further regulate the cryptocurrency industry. Opponents of the current wording of the amendment say that it requires disclosure of tax data from software developers and other non-brokers that don’t have access to it.

Unfortunately for the cryptocurrency amendment’s detractors, their alterations required unanimous support from all 100 senators, and Richard Shelby of Alabama wasn’t having it. On August 9th, Shelby refused to approve the adjustments without an additional $50 billion added to the military’s construction budget. Per Bloomberg, Shelby’s proposal was a “poison pill” amendment purposefully constructed to not garner unanimous support, giving Shelby the pretense to oppose the rewording of the new cryptocurrency laws. Without his support, the bill will go to a vote with the amendment’s original wording intact.

The infrastructure bill includes, among other allowances:

  • $110 billion in new funds earmarked for roads and bridges
  • $73 billion for electric grid upgrades
  • $66 billion for railways
  • $65 billion for expanding broadband networks
  • $55 billion for clean drinking water initiatives
  • $39 billion for transit

The Senate is expected to vote on final passage of the bill Tuesday, August 10th.

 

Infrastructure Bill Moves Closer to Senate Passage After Delays

Change to Crypto Provision in Infrastructure Bill Blocked

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Daniel is Vice President of Fleet Card Services. His focus is on growing Guttman Energy’s Fleet Card Services business, including our Fuelman Fleet card and Pac Pride commercial fueling operations Daniel’s responsibilities include finding new offerings to enhance our card offering, improving the profitability of the business, and driving growth through both new customer additions and acquisitions of competitive card decks. Prior to his current role, Daniel served as the Manager of Business Development. His previous roles also include data analyst, wholesale and commercial sales, as well as pipeline scheduling. Daniel received his Bachelor of Arts degree from the University of Vermont and has earned educational certificates from the University of Pittsburgh, the Kellogg School of Business at Northwestern University, and Harvard Business School. Daniel Guttman has become the first fourth generation family member to become an executive of the company. Daniel’s great-grandfather founded the Company in 1931.

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