ABSTRACT

Inflation Reduction Act: Agricultural Conservation and Credit, Renewable Energy, and Forestry [Updated August 10, 2022]   [open pdf - 643KB]

From the Overview: "On August 7, 2022, the Senate passed what is often referred to as the Inflation Reduction Act of 2022 [hyperlink], a substitute to the House-passed Build Back Better Act (BBBA, H.R. 5376). Both bills are budget reconciliation measures, which allow for an increase in spending pursuant to the FY2022 budget resolution [hyperlink]. Programs in the jurisdiction of the House and Senate Agriculture committees are included in each bill. The BBBA would have increased [hyperlink] agriculture spending by $82 billion over the 10-year period FY2022- FY2031. The Senate bill includes a subset of nearly $38 billion for agricultural conservation, credit, renewable energy, and forestry. Funding would remain available only through FY2031. The Senate bill excludes entirely BBBA sections for agriculture research and facilities and rural water."

Report Number:
CRS Insight, IN11978
Author:
Publisher:
Date:
2022-08-10
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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