Biden signs Inflation Reduction Act

Biden signs Inflation Reduction Act

President Biden has signed the Inflation Reduction Act into law.

During a ceremony Tuesday afternoon, Biden said the bill will invest nearly $370 billion to take the most aggressive action ever on confronting the climate crisis, “It’s going to allow us to boldly take additional steps to meeting my climate goals and the ones we set out when we ran.”

The Inflation Reduction Act includes numerous biofuel provisions and extends the biodiesel tax credit through 2024.