HR 191119th CongressIn Committee

Inflation Reduction Act of 2025

Introduced: Jan 3, 2025

Standard Summary

Comprehensive overview in 1-2 paragraphs

This bill, titled the Inflation Reduction Act of 2025, would repeal the Inflation Reduction Act of 2022 (Public Law 117-169) in full and rescind any unobligated balances that were made available under that Act. In effect, it would eliminate the policies, programs, and funding created by the 2022 law and return any unused appropriations to the Treasury. The bill appears to be introduced by Rep. Ogles and a group of co-sponsors, and would be referred to multiple House committees for consideration.

Key Points

1Short title established: The bill is named the “Inflation Reduction Act of 2025.”
2Repeal of the 2022 law: It repeals Public Law 117-169, effectively undoing the Inflation Reduction Act of 2022 in its entirety.
3Rescission of unobligated balances: Any funds provided under the 2022 act that have not yet been obligated for a specific purpose would be rescinded (canceled) and returned to the Treasury.
4Legislative referrals: The bill is referred to the Ways and Means Committee and to numerous other committees with jurisdiction over relevant provisions (Energy and Commerce, Agriculture, Natural Resources, Financial Services, Science, Space, and Technology, Transportation and Infrastructure, Oversight and Government Reform) for their consideration.
5Status: Introduced in the 119th Congress and not yet enacted into law.

Impact Areas

Primary group/area affected- Federal budget and appropriations processes: Removal of funding authorities and programs created by the 2022 act; any ongoing or planned initiatives would be canceled or reverted.Secondary group/area affected- Climate, energy, and tax policy: The 2022 act included energy and climate provisions, tax credits, and related incentives; repealing it would abolish those specific policies and incentives and revert to prior law.Additional impacts- Fiscal and administrative: Unobligated funds would be rescinded, reducing the total amount of available federal resources tied to the repealed act; potential budgeting and program planning adjustments for agencies currently relying on those authorities.- Economic and consumer effects: Any anticipated consumer benefits, clean energy investments, or industry incentives tied to the 2022 act would be eliminated or rolled back, potentially affecting markets, investment, and prices tied to those incentives.

Generated by gpt-5-nano on Nov 18, 2025