PRESIDENT BIDEN SIGNS INFLATION REDUCTION ACT INTO LAW
This week, President Biden signed the Inflation Reduction Act into law, marking the third major legislative package the administration has gotten past the finish line. The package aims to make sweeping changes to major parts of the U.S. economy, investing roughly $300 billion in climate and energy initiatives, including $2 billion for the Department of Energy National Labs to accelerate breakthrough energy research and several environmental and climate justice block grants and resiliency programs through which universities can be considered a partner.