Biden Inflation Reduction Act 2024. On august 16, 2022, president biden signed the inflation reduction act (ira) into law, marking one of the largest investments in the american economy, energy security, and. Biden signed the landmark inflation reduction act, which provides nearly $400 billion to support clean energy and address climate change,.

The typical standalone part d plan costs seniors $48 per month, a 21% increase compared to last year. The law is bringing down health care costs and thanks to president biden, vice president harris, and the inflation reduction act’s continuation of important.