[co-author: Christina Barone] The Infrastructure Investment and Jobs Act (the “bill”) is historic bipartisan legislation that will make available $1.2 trillion in funding for infrastructure programs across the transportation, energy and water sectors, through a combination of grants and loans. Of the $1.2 trillion in spending, $550 billion is new federal spending not previously authorized. The bill also reauthorizes the highway, public transportation and rail programs for five years. On...By: Akin Gump Strauss Hauer & Feld LLP.