The Inflation Reduction Act (IRA) was recently passed by Congress and is now expected to be signed by President Joe Biden. The bill, a key part of the President’s agenda, allots the largest federal clean energy investment in U.S. history.
Last Friday, August 12, the House passed the Inflation Reduction Act (IRA) sending the bill to President Joe Biden’s desk to be signed into law.
The U.S. Senate on Sunday gave final approval to a historic climate and health care package following months of negotiations. Every single Senate Republican voted against it.
The bill was announced on Wednesday after an agreement was met between Senate Majority Leader Chuck Schumer (D) and Sen. Joe Manchin (D-WV).