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Biden to sign Inflation Reduction Act into law

Tuesday’s ceremony in the State Dining Room is just one of many events that will follow focused on the roll out of the new law, according to the White House.

“In the coming weeks, the President will host a Cabinet meeting focused on implementing the Inflation Reduction Act, will travel across the country to highlight how the bill will help the American people, and will host an event to celebrate the enactment of the bill at the White House on September 6,” a White House statement said.

The bill signing is the latest celebration of a major legislative accomplishment for Biden this summer, having already held bill signings at the White House last week for a bill aimed at increasing domestic semiconductor production and increasing benefits for veterans affected by toxic burn pits in Afghanistan and Iraq. Biden has also chalked up wins on several other fronts in the last few months, including a bipartisan gun reform bill, ordering the successful mission to kill al Qaeda leader Ayman al-Zawahiri, sending billions in aid to Ukraine to help that nation defend itself against Russia’s invasion and helping Finland and Sweden begin the process of joining NATO.

The Inflation Reduction Act accomplishes several key Biden legislative agenda items, representing the largest climate investment in American history and making major changes to health policy by giving Medicare the power for the first time to negotiate the prices of certain prescription drugs and extending expiring health care…

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