OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Build Back Better Act

Floor Speech

Date: Aug. 12, 2022
Location: Washington, DC

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Ms. SEWELL. Madam Speaker, I rise today in strong support of the Inflation Reduction Act.

This transformational legislation will lower healthcare costs for millions of Americans and thousands of Alabamians by extending ACA tax credits for an additional 3 years and reducing the prescription drug costs for our seniors by allowing HHS, for the first time, to negotiate drug prices with pharmaceutical companies and capping out-of-pocket drug costs to $2,000 per year. This is a big deal for American families and especially the families that I represent in Alabama.

This bill is also the single largest climate investment in America's history. This bill includes my Carbon Capture and Sequestration Expansion Act that will extend the 45 credit eligibilities for carbon capture projects to 2023.

When I think about all the great things that are in this particular bill, it is truly transformational for the people that I represent and for the American people.

Madam Speaker, I urge my colleagues to vote in favor of this bill. Let's put people first over politics.

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