Overview

Title

To repeal the Inflation Reduction Act of 2022.

ELI5 AI

H. R. 191 is a plan to cancel a law from 2022 that was made to help with money problems, called the Inflation Reduction Act. This plan wants to stop the leftover money set aside for the things that the 2022 law was supposed to do.

Summary AI

H. R. 191 seeks to repeal the Inflation Reduction Act of 2022. Introduced in the House of Representatives by Mr. Ogles and several other co-sponsors, the bill aims to revoke Public Law 117–169, which is known as the Inflation Reduction Act of 2022. In addition to the repeal, it proposes to rescind any unused funds that were allocated under the original Act.

Published

2025-01-03
Congress: 119
Session: 1
Chamber: HOUSE
Status: Introduced in House
Date: 2025-01-03
Package ID: BILLS-119hr191ih

Keywords AI

inflation reduction act repeal h. r. 191 unobligated balances public law 117-169 economic consequences house of representatives rescission inflation mr. ogles

Sources

Bill Statistics

Size

Sections:
2
Words:
298
Pages:
2
Sentences:
10

Language

Nouns: 107
Verbs: 14
Adjectives: 6
Adverbs: 2
Numbers: 11
Entities: 38

Complexity

Average Token Length:
4.02
Average Sentence Length:
29.80
Token Entropy:
4.38
Readability (ARI):
15.60

AnalysisAI

Editorial Commentary

General Summary

The proposed legislation, officially titled the "Inflation Reduction Act of 2025," seeks to repeal the Inflation Reduction Act of 2022, a law implemented to address inflationary concerns within the United States. Introduced by Mr. Ogles and co-sponsored by a group of representatives, the bill not only revokes the previous act but also calls for the cancellation of any unspent funds initially designated for the initiatives under that act.

Significant Issues

A primary concern with this bill is its potential economic impact. The Inflation Reduction Act of 2022 was designed to implement strategies to combat inflation. By repealing it, there is a risk of removing measures that may have been effectively addressing inflation, potentially leading to economic instability. Unfortunately, the bill does not provide an explanation for its repeal, which could create confusion and dissatisfaction among policymakers and the public.

Another notable issue is the rescission of unobligated funds. These funds were allocated to various programs initiated under the previous act. The sudden withdrawal of these resources could disrupt ongoing initiatives, leaving projects incomplete and negatively affecting those who rely on these programs for support or employment.

Broad Public Impact

For the general public, this bill may lead to uncertainties in the economic landscape. If the repealed act contained measures that were successfully curbing inflation, its absence could contribute to rising costs of goods and services, affecting everyday living expenses.

On the other hand, if the changes brought by the repeal are aligned with a broader economic strategy that proves effective without the need for the measures in the previous act, the public could potentially benefit from a more resilient economy.

Stakeholder Impact

Several stakeholders could be directly impacted by this bill. Stakeholders benefiting from the provisions of the original Inflation Reduction Act may face disruption or loss of funding for programs considered essential for their operations. This could include sectors that depend on subsidies or financial support initiated under the act.

Conversely, those who argue against government intervention in addressing inflation or who seek a different fiscal approach might view this repeal positively, seeing it as a step towards reduced government spending.

In conclusion, while the bill aims to repeal a specific piece of legislation, its broader effects are tied to complex economic dynamics and various stakeholder interests. The decision to rescind the Inflation Reduction Act of 2022's provisions without a clear indication of replacement measures or objectives may lead to concerns among the public and stakeholders about the future economic and social landscape.

Issues

  • The repeal of the Inflation Reduction Act of 2022 may remove important measures aimed at addressing inflation, potentially leading to economic consequences. This concern is outlined in Section 2.

  • The rescission of unobligated balances could disrupt ongoing programs or initiatives that were funded under the Inflation Reduction Act of 2022, as mentioned in Section 2.

  • The lack of specified reasons for the repeal might leave stakeholders unclear about the motivations behind this decision, which could lead to political or public dissatisfaction. This issue relates to Section 2.

  • There is an absence of assessment regarding the potential impact on individuals or organizations that were benefiting from the provisions of the Inflation Reduction Act of 2022, creating uncertainty. This is an issue within Section 2.

  • The text lacks specificity regarding the timeline for rescinding the unobligated balances, which could lead to confusion during implementation. This issue is associated with Section 2.

Sections

Sections are presented as they are annotated in the original legislative text. Any missing headers, numbers, or non-consecutive order is due to the original text.

1. Short title Read Opens in new tab

Summary AI

The first section of the Act states that the official name of the law is the “Inflation Reduction Act of 2025.”

2. Repeal of Inflation Reduction Act of 2022 Read Opens in new tab

Summary AI

The text announces the repeal of the Inflation Reduction Act of 2022, meaning that the law is no longer valid. Additionally, any unspent funds that were set aside for this Act are being taken back.