Washington, D.C. – President Biden is scheduled to deliver remarks today at 2:30 p.m. Eastern on the one-year anniversary of the Inflation Reduction Act (IRA). In just the last year alone, private companies have invested more than $110 billion in clean energy manufacturing, according to the White House.
Alliance for American Manufacturing President Scott Paul said:
“The Inflation Reduction Act’s historic investment in America’s clean energy future has been a crucial step toward realizing our nation’s manufacturing leadership. It has supercharged our factories as they develop the products and materials we need for a cleaner future. Equally important, these investments have created thousands of new family-supporting factory jobs.
“China has a stranglehold on some of the world’s most essential rare earth minerals and is dead set on subverting America’s burgeoning solar and electric vehicle industries. The IRA and other efforts to bolster American manufacturing are more important than ever to counter these aims. The United States has been playing catch up, but the IRA has brought transformative change that must be sustained.
“The IRA is just a first step. We have a marathon ahead of us as we establish the domestic clean energy manufacturing capacity that assures our economic prosperity and national security. Trade enforcement is also critical to ensure American workers and manufacturers can compete globally in the face of China’s unfair trade tactics. Passage of the Leveling the Playing Field Act 2.0 is a good place to start.”
The bipartisan Leveling the Playing Field Act 2.0 was introduced this June in the Senate and House. The legislation takes aim at some of the ways repeat offenders take advantage of U.S. trade laws. Specifically, the Leveling the Playing Field Act 2.0 would create a new type of anti-dumping/countervailing duty investigation, called a successive investigation, to make it easier for petitioners to bring new trade cases when repeat offenders shift production to another country.
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