Inflation Reduction Act (IRA, 2022)

1) Link to the Text of the Act
Read the statute (Public Law 117–169)

2) Why It Was Done
The IRA was passed to lower prescription drug costs, invest in clean energy, reduce the federal deficit, and address inflation concerns. It represented one of the largest climate and energy investments in U.S. history.

3) Pre-existing Law or Constitutional Rights
Built on provisions from the Affordable Care Act (2010) (health subsidies) and prior clean energy tax credits. Expanded tax code authorities rather than creating new constitutional frameworks.