


The Inflation Reduction Act is aimed squarely at building a better America and delivering on President Biden’s vision to make sure the United States-powered by American workers-remains the global leader in clean energy technology, manufacturing, and innovation. With the stroke of his pen, the President redefined American leadership in confronting the existential threat of the climate crisis and set forth a new era of American innovation and ingenuity to lower consumer costs and drive the global clean energy economy forward. On August 16, 2022, President Biden signed the Inflation Reduction Act into law, marking the most significant action Congress has taken on clean energy and climate change in the nation’s history.

