Inflation Reduction Act of 2025
2/1/2025, 4:53 AMSummary of Bill HR 191
Bill 119 HR 191, also known as the "Repeal of the Inflation Reduction Act of 2022," is a piece of legislation currently being considered by the US Congress. The bill aims to repeal the Inflation Reduction Act of 2022, which was passed earlier in the year.The Inflation Reduction Act of 2022 was designed to address rising inflation rates by implementing various measures to control prices and stabilize the economy. However, some lawmakers believe that the Act has had unintended consequences and has not been effective in achieving its goals.
Proponents of Bill 119 HR 191 argue that repealing the Inflation Reduction Act of 2022 will allow for more flexibility in addressing inflation and economic issues. They believe that the Act has hindered economic growth and that repealing it will lead to a more stable and prosperous economy. Opponents of the bill, on the other hand, argue that repealing the Inflation Reduction Act of 2022 could lead to further inflation and economic instability. They believe that the Act is necessary to control prices and prevent runaway inflation. Overall, Bill 119 HR 191 is a contentious piece of legislation that has sparked debate among lawmakers and economists. Its ultimate impact on the economy remains to be seen, but it is clear that the outcome of this bill will have far-reaching consequences for the US economy.
Congressional Summary of HR 191
Inflation Reduction Act of 2025
This bill repeals the Inflation Reduction Act of 2022 and rescinds any unobligated funds made available by the act.
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Current Status of Bill HR 191
Bill HR 191 is currently in the status of Bill Introduced since January 3, 2025. Bill HR 191 was introduced during Congress 119 and was introduced to the House on January 3, 2025. Bill HR 191's most recent activity was Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Agriculture, Natural Resources, Financial Services, Science, Space, and Technology, Transportation and Infrastructure, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of January 3, 2025Bipartisan Support of Bill HR 191
Total Number of Sponsors
6Democrat Sponsors
0Republican Sponsors
6Unaffiliated Sponsors
0Total Number of Cosponsors
30Democrat Cosponsors
0Republican Cosponsors
30Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 191
Primary Policy Focus
Alternate Title(s) of Bill HR 191
To repeal the Inflation Reduction Act of 2022.To repeal the Inflation Reduction Act of 2022.Comments
Most relevant
Sponsors and Cosponsors of HR 191
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