The Senate Environment and Public Works Committee on Wednesday released its title of the reconciliation bill that would rescind funding for over two dozen programs established by the 2022 reconciliation law and repeal stricter tailpipe emissions standards.
The proposal mirrors rescissions and policies laid out in the House reconciliation bill in pulling back on clean energy initiatives in the name of Republicans’ “energy independence” goals. But the Senate committee didn’t provide a figure showing the impact on the deficit. The panel had been directed by the budget resolution to deliver provisions that would increase the deficit by no more than $1 billion.
“This legislative text puts in motion plans that Senate Republicans pledged to take, like stopping Democrats’ natural gas tax and rescinding unobligated dollars from the so-called Inflation Reduction Act,” Environment and Public Works Chairman Shelley Moore Capito, R-W.Va., said in a statement, referring to the 2022 reconciliation law.
