S 2552
LIFT Act
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Bill overview
The LIFT Act authorizes the Department of Commerce to provide grants for predevelopment projects related to resilient climate infrastructure. These grants can be awarded to various organizations, including economic development districts, states, tribes, and local governments, to help communities prepare for construction. The act aims to address a critical gap in funding for these initial stages of infrastructure development, particularly in underserved communities, and to promote economic recovery and job creation. It also establishes flexible funding streams and expedited processes to accelerate resilient infrastructure deployment.
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