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Inflation Reduction Act of 2023

Source: Congress.gov  ·  304 words in original text
This bill would eliminate the Inflation Reduction Act of 2022, which is a previously enacted federal law. The bill would also cancel any unspent money that was approved under that earlier law.
Not specified in bill text
• The Inflation Reduction Act of 2022 would be completely repealed (Sec. 2a) • Any money that was approved under the Inflation Reduction Act of 2022 but not yet spent would be canceled (Sec. 2b)
If this bill becomes law, the Inflation Reduction Act of 2022 would no longer exist. Any federal funds that were allocated under that law but not yet spent would be rescinded, meaning they would no longer be available to use.
None defined
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.