MATSUI STATEMENT ON ONE-YEAR ANNIVERSARY OF THE INFLATION REDUCTION ACT

WASHINGTON, D.C. – Today, Congresswoman Doris Matsui (CA-07) issued the following statement to celebrate the one-year anniversary of President Biden signing the Inflation Reduction Act (IRA) into law.

“The Inflation Reduction Act has transformed the lives of millions of Americans. This monumental bill is reducing health care costs, slashing the price of prescription drugs, and aggressively tackling the climate crisis.

“The IRA is the largest climate action investment in our nation’s history. IRA funding has already created over 170,000 good paying jobs in clean energy, manufacturing and transportation. IRA incentives are helping working families save money on their energy bills and electrify their households. Over the next decade, it will direct billions of dollars to cut dangerous carbon emissions and build a greener, more resilient economy.

“I have long fought to lower health care costs for American families—and the IRA has provided us with the tools to make that happen. Millions have access to more affordable health insurance through the Affordable Care Act. Seniors and Medicare beneficiaries have their insulin prices capped at $35 per month. And, we ended the anti-competitive ban on Medicare negotiating directly with drugmakers and ensured seniors will pay no more than $2,000 a year in out-of-pocket drug costs.

“This bill is delivering for the Sacramento region. Now we must continue to capitalize on its benefits. I will continue to fiercely defend the progress we have made and build a better and brighter future for generations to come.”

# # #