Inflation Reduction Act of 2022

AILA Members and Friends: One benefit of being part of the world’s largest law firm, is to find expertise everywhere throughout our firm!

My partners have put together a readable summary of the recently enacted Inflation Reduction Act of 2022. I pass it along to you in case you are interested.


August 10, 2022

On Sunday, August 7, 2022, after a rare and grueling weekend session with nearly 16 hours of voting on amendments, the US Senate passed H.R. 5376, the Inflation Reduction Act of 2022 (IR Act) by a partisan 50-50 vote, with Vice President Kamala Harris breaking the tie in favor of the bill. The House is expected to return early from recess and consider the measure on Friday, August 12.

The IR Act, if approved by the House, represents a major victory for congressional Democrats heading into the November midterm elections.


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