Regional Leadership Council Discusses Implementation with U.S. Department of Treasury Deputy Secretary Wally Adeyemo
WASHINGTON, DC – Today, members of the Regional Leadership Council (RLC) and its Chair, Congressman Steny H. Hoyer (MD-05), met with U.S. Department of Treasury Deputy Secretary Wally Adeyemo to discuss the department's efforts to implement the Inflation Reduction Act, the CHIPS and Science Act, the Bipartisan Infrastructure Law, and other key components of Democrats' Investing in America agenda. The conversation focused on how House Democrats and Treasury officials can continue to work together closely to ensure these programs and policies reach every American.
The Department of Treasury continues to oversee the implementation of various tax credits included in the Inflation Reduction Act to help Americans save money on energy costs and other expenses. That includes tax credits for electric vehicles and other clean energy technologies. Treasury also plays a vital role in implementing the policies and programs that Democrats secured last year to revitalize American manufacturing, increase U.S. economic competitiveness, create a more equitable tax system, rebuild America's crumbling infrastructure, and create millions of new jobs.
“President Biden’s Investing in America agenda is fueling an investment and manufacturing boom that’s creating good-paying jobs across the country and expanding opportunity in places that have been left behind for too long," said U.S. Department of Treasury Deputy Secretary Wally Adeyemo. "The Treasury Department’s top priority in implementing the Invest in America Agenda is ensuring communities nationwide know how to take advantage of these incentives, and I appreciate the opportunity to work with the Regional Leadership Council in increasing awareness of these new opportunities.”
"As Republicans continue to demonstrate their inability to govern with a five-seat majority, our RLC meeting with Deputy Treasury Secretary Adeyemo today is a reminder of all that Democrats accomplished with a similar margin in the 117th Congress," said Congressman Hoyer. "From lowering costs and opening up new opportunities for Americans to creating jobs and making our economy more competitive, these policies are transforming lives and communities across the country. It is critical that we do everything we can to ensure these programs reach every American – especially as we stare down a potential extreme Republican shutdown. I join my colleagues on the RLC in thanking Deputy Secretary Adeyemo for his continued partnership in the implementation effort."
Democratic Leader Hakeem Jeffries created the Regional Leadership Council in January 2023 and appointed Congressman Hoyer to serve as its Chair. In addition to Congressman Hoyer, the council consists of twelve Members who each represent one of the United States' twelve regions. The council is working to ensure that Americans in every corner of the country and in every zip code can access the opportunities created by the historic policies that Democrats secured in the 117th Congress, including the American Rescue Plan, the Bipartisan Infrastructure Law, the CHIPS and Science Act, the Inflation Reduction Act, the Bipartisan Safer Communities Act, the Honoring Our PACT Act, and many others.
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