President Donald Trump suspended all Inflation Reduction Act funding disbursements in an executive order Monday, part of a sweeping set of directives to begin setting the new administration’s energy agenda.
The action, dubbed “Terminating the Green New Deal,” also pauses all funding disbursements for the Infrastructure Investment and Jobs Act, commonly known as the bipartisan infrastructure law. The two laws were hallmarks of former President Joe Biden’s domestic policy agenda, rolling out billions of dollars in federal funding for clean energy construction and manufacturing projects.
Federal agencies have 90 days to submit reviews and spending recommendations to the Office of Management and Budget and National Economic Council.
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