In his first day in office, President Donald Trump initiated a 90-day review of aspects of the Inflation Reduction Act and the Infrastructure Investment and Jobs Act. This would pause disbursements of certain funds, including grants and loans, until a review of the legislation to ensure alignment with the new administration’s energy policy.
This is within an executive order called “Unleashing American Energy,” where the president has listed “Terminating the Green New Deal” as a major bullet point. The section largely targets electric vehicles, including eliminating the “EV mandate,” even though there is no such mandate in existence.
The president is demanding a 90-day review of the IRA’s processes, policies and programs for issuing grants, loans, contracts or any other financial disbursements by all federal agency heads. No IRA funds will be disbursed until the Director of 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 chosen to adopt.”
Further explanatory details have not been revealed. Solar Power World will follow this story as things become clearer.
