November 15, 2021 4:54pm
Updated: November 15, 2021 4:57pm
President Biden signed the $1.2 trillion bipartisan infrastructure bill into law Monday, marking a major legislative accomplishment during his first year in office.
Biden hosted a bill signing ceremony at the White House, inviting politicians from both parties to celebrate the accomplishment.
"My message to the American people is this: America is moving again and your life is going to change for the better," the president said during his prepared speech following the bill's signing.
The legislation's price tag of $1.2 trillion will be paid over a period of eight years, and it caps off new spending at $550 million.
The bill's signing marks the single-largest public infrastructure project since 1956 when President Eisenhower founded the interstate highway system, according to Axios.