MATSUI STATEMENT ON TWO-YEAR ANNIVERSARY OF THE INFLATION REDUCTION ACT

WASHINGTON, D.C.- Today, Congresswoman Doris Matsui (CA-07) released the following statement to celebrate the two-year anniversary of President Biden signing the Inflation Reduction Act (IRA)into law.

"The Inflation Reduction Act is a generational piece of legislation that is delivering on its promise to lower health care costs and aggressively fight the climate crisis. Over the past two years, we have already seen the transformative impacts of this bill - and this is just the beginning. The Inflation Reduction Act will continue to lower costs for American families and create a sustainable, livable future for generations to come.

"Just yesterday, the White House announced the first round of Medicare negotiated drug prices made possible by the IRA - a monumental step forward to ensure affordable access to lifesaving medications. Combined with limiting out-of-pocket costs, making vaccines free, and capping insulin prices at $35, the IRA is providing real relief for all Americans. Additionally, millions of families continue to benefit from expanded federal help to sign up for ACA health coverage with affordable monthly premiums.

"The Inflation Reduction Act is also the largest climate investment in our nation's history. Over the next decade, the IRA will continue to direct billions of dollars to cut dangerous carbon emissions and build a greener, more resilient economy. We are bringing family sustaining jobs back to American soil through manufacturing investments in clean energy, electric vehicles, batteries, and more. At the same time, we are providing incentives for everyday Americans to make their homes greener and more sustainable - all while cutting energy costs.

"While we celebrate all that the Inflation Reduction Act continues to accomplish for the American people - we must also double down on our efforts to expand on this important work. I will continue to fight hard to ensure that these are just the first steps of many."

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