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The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16, 2022.
PURPA was the only existing federal law that requires competition in the utility industry and the only law that encourages renewables, if it is cost competitive with conventional polluting resources, [6] until the 2009 amendments to the Defense Production Act and the Inflation Reduction Act of 2022.
Price of a gallon of gas: $3.27 In 2022 dollars: $4.30 This article originally appeared on GOBankingRates.com : Rising Gas Prices: How Inflation Has Impacted Gas Prices Over the Years
In 2018, US exports of coal, natural gas, crude oil and petroleum products exceeded imports, achieving a degree of energy independence for the first time in decades. [ 7 ] [ 8 ] [ 9 ] In the second half of 2019, the US was the world's top producer of oil and gas. [ 10 ]
The largest climate investment in US history has dramatically reshaped the EV landscape. One year ago, President Biden signed the Inflation Reduction Act (IRA) into law, which set aside roughly ...
The White House promises a big celebration today for the signature accomplishment of President Biden’s term — the so-called Inflation Reduction Act. ... 800-290-4726 more ways to reach us ...
In April 2022, inflation in the U.S. hit 8.5%, the highest rate since December 1981. But even that figure doesn't encapsulate the pain being felt by the American consumer. Gas prices, for example,...
The Economic Stabilization Act of 1970 (Title II of Pub. L. 91–379, 84 Stat. 799, enacted August 15, 1970, [2] formerly codified at 12 U.S.C. § 1904) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers [3] as part of a general program of price controls within the American domestic goods and labor ...