Passing legislation to lower costs. I helped pass the Inflation Reduction Act which will “increase American competitiveness, address our climate crisis, lower costs for families, and fight inflation” according to five, both Democrat and Republican, former U.S. Treasury Secretaries. It will reduce the costs of prescription drugs, health insurance, and utilities. I also helped lead the effort to pass the CHIPS & Science Act, which will bring home supply chains for critical minerals and computer chips — necessary for everything from defense systems to cell phones — which will lower costs, decrease dependence on China, and create jobs.
Support and pass legislation to lower costs for families, including reductions in prescription drug, health insurance, utility, and supply-chain-related costs.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
Congress.gov records H.R.5376 becoming Public Law 117-169 and summarizes provisions extending premium tax credits, creating Medicare drug negotiation and inflation rebates, capping Medicare Part D out-of-pocket costs, limiting insulin cost-sharing, and funding residential energy efficiency credits and rebates.
legacy_unverified · Source version not recorded · locator unknown
Houlahan’s office listed the CHIPS and Science Act, Infrastructure Investment and Jobs Act, and Inflation Reduction Act as recently signed laws and said she was proud to have voted for them; the newsletter says they would bring supply chains home, lower prescription-drug prices, save on health-care premiums, and lower energy costs through rebates and tax credits.
Assessments
Houlahan supported and voted for enacted federal legislation that directly addressed the promised cost categories. The Inflation Reduction Act became law on August 16, 2022, with provisions lowering prescription-drug costs, extending health-insurance premium subsidies, capping Medicare Part D costs, limiting insulin cost-sharing, and supporting household energy efficiency credits and rebates. Her office also tied her votes for the Inflation Reduction Act, CHIPS and Science Act, and Infrastructure Investment and Jobs Act to supply-chain, health-care, prescription-drug, and energy cost reductions. Because these laws passed after the initial term associated with the promise, timing is later_term, but candidate credit is appropriate because she was in office and voted for the enacted measures.