We have received text from H.R. 191: Inflation Reduction Act of 2025. This bill was received on 2025-01-03, and currently has 15 cosponsors.
Here is a short summary of the bill:
This bill, titled the “Inflation Reduction Act of 2025,” primarily aims to repeal a previous piece of legislation known as the Inflation Reduction Act of 2022. The key components of the bill are as follows:
Repeal of the Inflation Reduction Act of 2022
The bill seeks to officially annul Public Law 117–169, widely recognized as the Inflation Reduction Act of 2022. This means that all provisions, programs, and benefits established under that law would no longer be in effect.
Rescission of Funds
Furthermore, the bill stipulates that any unobligated funds (money that has been earmarked but not yet spent) from the Inflation Reduction Act of 2022 will be rescinded. This action implies that these funds would be removed from allocation and could no longer be utilized for any purposes related to the programs originally authorized by the 2022 legislation.
Committees Involved
The bill has been referred to multiple committees for further consideration, specifically:
- Committee on Ways and Means
- Committee on Energy and Commerce
- Committee on Agriculture
- Committee on Natural Resources
- Committee on Financial Services
- Committee on Science, Space, and Technology
- Committee on Transportation and Infrastructure
- Committee on Oversight and Government Reform
Each committee will examine the bill in relation to their respective jurisdictions.
Impact of Repeal
The repeal would effectively eliminate any policies, funding, or programs that were established to address issues of inflation, energy costs, healthcare, and other areas covered by the 2022 Act.
Relevant Companies
None found
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