Summary of Senate Inflation Reduction Act as of 8-8-22
As of August 08, 2022, the Inflation Reduction Act (IRA) has passed in the Senate but is still awaiting passage in the House of Representatives and then must be signed by the president. The summary below reflects what is in the most recent available draft of the legislation. This legislation contains the most significant investment in resources and technologies to combat the impacts and advancements of climate change our nation has made to-date. The impact of this investment could be transformative for our industry, country, and dare we say, the world. Please read here for details.