On August 16, 2022, President Biden signed the Inflation Reduction Act on August 16, an historic law that includes transformational investments to address the climate crisis, lower costs for working families, and create good-paying jobs. Combined with the Bipartisan Infrastructure Law, these two initiatives represent the largest investments in climate resilience in the nation’s history and provide a once-in-a-generation opportunity for the work of the Interior Department.
Overall, the Department of the Interior will receive $6.6 billion in direct funding through the Inflation Reduction Act. This funding will help bolster bureaus and offices across the Interior Department to transition to a clean energy economy, advance key habitat restoration and land resilience projects, and secure environmental justice for historically disadvantaged communities. The total funding includes a $385 million investment for the Bureau of Indian Affairs for climate resilience and adaptation and fish hatchery needs, as well as a new Tribal Electrification program.