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Bill to Repeal the Inflation Reduction Act of 2022

This proposed bill seeks to completely eliminate the Inflation Reduction Act (IRA) of 2022. If passed, all programs, tax credits, and funding allocated for renewable energy, healthcare reforms, and tax changes under IRA 2022 would be canceled. This action would halt major federal investments in climate initiatives and potentially reverse changes to prescription drug costs.
Key points
Complete repeal of the Inflation Reduction Act of 2022 (Public Law 117–169).
Cancellation (rescission) of all unspent funds previously authorized by the IRA 2022.
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Citizen Poll
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Additional Information
Print number: 118_HR_812
Sponsor: Rep. Ogles, Andrew [R-TN-5]
Process start date: 2023-02-02