On his first day in office, President Donald Trump initiated a… 90 day review aspects of the Inflation Reduction Act and the Infrastructure Investment and Jobs Act. This would suspend the disbursement of certain funds, including grants and loans, until a review of legislation to ensure alignment with the new government’s energy policies.
This falls within an executive order called “Unleashing American energy”, in which the president has identified “Ending the Green New Deal” as a key issue. The section focuses largely on electric vehicles, including eliminating the “EV mandate,” even though no such mandate exists.
The President is demanding a 90-day review of the IRA’s processes, policies, and programs for making grants, loans, contracts, or other financial disbursements by all heads of federal agencies. No IRA funds will be disbursed until the Director of the Office of Management and Budget (OMB) and the Assistant to the President for Economic Policy “have determined that such disbursements are consistent with any review recommendations they have adopted.”
Further explanatory details have not been disclosed. World of solar energy will follow this story as things become clearer.
