House Speaker Nancy Pelosi, accompanied by House Majority Leader Steny Hoyer, left, and House Majority Whip James Clyburn, speaks to reporters at the Capitol on November 5. | Jose Luis Magana/AP The $550 billion legislation includes some massive investments — while failing to fully address the country’s needs. Congress passed a $1.2 trillion infrastructure bill on Friday — and it’s simultaneously a massive and somewhat limited investment in everything from roads to bridges to water pipes. Only $550 billion of the $1.2 trillion Infrastructure Investment and Jobs Act is new spending, which will be spread out over five years.