The U.S. Senate Passed the Inflation Reduction Act on Aug.
August 9, 2022
The U.S. Senate passed the Inflation Reduction Act on Aug. 7. Slated to invest more than $300 billion in climate initiatives, the bill is expected to pass the House and be signed by the President. If the bill becomes law, consumers may qualify for tax credits for purchasing electric vehicles and making certain energy-efficient home upgrades.