House Passes Inflation Reduction Act, President Biden to Sign

As expected, the House passed the Inflation Reduction Act of 2022. It was another party line vote with all 220 Democrats voting in favor of the legislation. The $430 billion spending bill includes money for renewable energy, climate smart agriculture and other assistance. Agriculture Secretary Tom Vilsack thanked House leadership for passing the bill quickly. President Joe Biden said he would sign the bill into law this week.