Congress Passes $1.2 Trillion Infrastructure Bill ? Crypto Advocates Criticize Amended Broker Definition, Tax Code 6050I

Congress Passes $1.2 Trillion Infrastructure Bill ? Crypto Advocates Criticize Amended Broker Definition, Tax Code 6050I

Congress has passed the Biden administration?s bill aimed at improving infrastructure, fighting climate change, and bolstering social services. The $1.2 trillion infrastructure bill, which also expands the definition of a broker, awaits U.S. president Joe Biden?s signature after passing with a vote of 228?206 on Friday.

Bipartisan Infrastructure Bill Passes to the Tune of $1.2 Trillion

The bipartisan infrastructure bill has been a hot topic in recent times and on Friday the bill passed in Congress and now awaits president Biden?s approval. The passing followed weeks of delays and debates as 13 Republicans joined a large majority of Democrats in order to help forward the proposal.

Bitcoin.com News reported on the bill three days ago when it was slimmed down to $1.75 trillion and lawmakers whittled the number down once more before the passing to $1.2 trillion. From the State Dining Room, Biden celebrated Congress passing the bill and said with a smile: ?Finally? Infrastructure week.?

The 1,600-page proposal discusses incentives to fight climate change, offers ?universal pre-K child care,? and an allocation of funds for free computers. Estimates say around $550 billion will go towards fighting the alleged climate crisis in the United States.