FACT SHEET: Celebrating Two Years of the Inflation Reduction Act

WASHINGTON, DC, August 16, 2024 – Two years ago, President Biden signed the Inflation Reduction Act, the largest investment in climate action and clean energy in world history. Key to the Biden-Harris Administration’s Investing in America agenda, this transformative law is lowering energy costs, creating new income streams, and tackling the climate crisis. The Inflation Reduction Act has given the U.S. Department of Agriculture (USDA) historic resources to better serve communities nationwide.