FACT SHEET: Marking One Year of the Inflation Reduction Act

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WASHINGTON, DC, August 16, 2023 – One year ago, President Biden signed the Inflation Reduction Act, which makes the largest investment in climate action in history. As a core pillar of Bidenomics and the President’s Investing in America agenda, the law is lowering energy costs, bringing opportunity to communities across America and tackling the climate crisis through investments in agriculture, forest restoration, and rural communities.

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