STATEMENT: INFLATION REDUCTION ACT PASSES HOUSE IN MAJOR VICTORY FOR FAMILIES SEEKING LOWER COSTS

FOR IMMEDIATE RELEASE 
August 12, 2022

Contact: 
Jack Miller, Communications Director
[email protected]

STATEMENT: INFLATION REDUCTION ACT PASSES HOUSE IN MAJOR VICTORY FOR FAMILIES SEEKING LOWER COSTS

House Sends Historic Bill Lowering Prescription Drug, Health Insurance, and Energy Costs to Biden’s Desk for Signature

WASHINGTON, D.C. — Today, The U.S. House of Representatives passed the Inflation Reduction Act of 2022, a bill that will lower costs for American families, combat inflation, and make historic investments in America’s clean energy future. The bill now heads to President Biden’s desk, where it will be signed into law.

Invest in America senior adviser Zac Petkanas issued the following statement:

“After more than a year of negotiations, Congress has delivered a historic win for middle class families which will lower the costs of healthcare, energy, prescription drugs, and more. The bill is a massive investment in America’s economic future.

“We must also acknowledge the tireless leadership of Speaker Pelosi and Senate Leader Schumer in delivering this bill. At many points, the pundits and prognosticators said the bill was dead. Not so. The Inflation Reduction Act will become law, lower costs for millions of Americans, and make the single largest investment in tackling the climate crisis in history. They did it!”

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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