President signs Inflation Reduction Act into law

Aug. 16, 2022
The bill includes $4 billion in drought resilience funding and $550 million for domestic water programs — in addition to its sweeping changes to taxation and climate policy.

President Joe Biden has signed the Inflation Reduction Act into law on August 16 — the bill includes, in addition to sweeping changes to health care, taxation, and climate policy, $4 billion in drought resilience funding and $550 million for domestic water programs.

The most influential part of the bill is its effort to expand tax credits and create new tax credits for low-carbon energy development. This could influence the energy management procedures for water utilities nationwide. However, according to the National Ground Water Association (NGWA), the bill also includes some major water provisions:

  • $4 billion to the U.S. Bureau of Reclamation for drought relief programs
  • $550 million for domestic water programs in disadvantaged communities
  • $12.5 million for emergency drought funding for Tribes

The bill had passed the Senate on August 7 and passed the house of Representatives on August 12. 

About the Author

Jeremy Wolfe

Jeremy Wolfe is a former Editor for WaterWorld magazine.

Sponsored Recommendations

SmartSights WIN-911 Alarm Notification Software Enables Faster Response

March 15, 2024
Alarm notification software enables faster response for customers, keeping production on track

Automated Fresh Water Treatment

March 15, 2024
SCADA, Automation and Control for Efficient and Compliant Operations

Digital Transformation Enables Smart Water

March 15, 2024
During this webinar we will discuss factors driving the transformation to digital water, water industry trends, followed by a summary of solutions (products & services) available...

Smart Water Solutions: Transforming the Water Universe

March 15, 2024
Water is our most valuable resource, and efficient and effective water and wastewater handling is crucial for municipalities. As industry experts, you face a number of challenges...