NEMA calls on Congress to pass the Inflation Reduction Act of 2022
- August 04, 2022
- NOT MY
NEMA sent a letter to Senate and House Democratic leaders thanking them for their efforts on the Cut Inflation Act of 2022 and calling on them to pass this important bill immediately.
Today, the National Electrical Manufacturers Association (NEMA) released a letter to Senate and House Democratic leaders thanking them for their efforts on the Cut Inflation Act of 2022 and calling on them to immediately pass this important bill to advance American leadership in the energy transition. , fostering domestic manufacturing and providing much-needed certainty to the domestic clean energy industry.
NEMA believes this legislation is a critical step toward achieving U.S. climate and electrification goals. Bill includes groundbreaking list of climate and clean energy investments, including tax credits for domestic renewable energy manufacturing, support for electric vehicles and incentives to help utilities and consumers to switch to cleaner energy.
“We call on Congress to work quickly to pass this legislation into law. Our members are ready to invest billions in domestic manufacturing capabilities to facilitate the energy transition, and this legislation will make those investments a lasting reality,” said Debra Philips, President and CEO of NEMA. “Making the investments needed to expand domestic clean energy manufacturing and meet greenhouse gas emission reduction targets requires certainty and the ability of companies to plan for the long term.”
America’s electrical industry is positively impacting the lives of Americans every day while leading a domestic manufacturing renaissance for a more sustainable and electrified future. NEMA companies play a key role in transportation systems, building systems, lighting, utilities and
medical imaging technologies and will play a vital role in the transition to clean energy.
“This legislation can be a catalyst for U.S. climate efforts, bringing together the right set of incentives to support more jobs, a stronger energy system, and a cleaner planet. We urge Speaker Pelosi and Majority Leader Schumer to make the passage of this legislation their highest
priority,” said Philips.
See NEMA’s full comments to Congressional leadership here.
The National Electrical Manufacturers Association (NEMA) represents nearly 325 manufacturers of electrical and medical imaging equipment who manufacture safe, reliable, and efficient products and systems. Our combined industries represent 370,000 American jobs in more than 6,100 facilities spanning all states. These industries generate $130 billion in shipments and $38 billion in exports of electrical equipment and medical imaging technology annually
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