Energy and Commerce Committee Chairman Frank Pallone, Jr. (D-NJ) issued the following statement praising House passage of H.R. 5376, the Build Back Better Act:
“Today, the House passed once-in-a-generation legislation that invests in the American people, responds to the great challenges of our time, and builds a better future for generations to come.
“At a time when American families are struggling to make ends meet, the Build Back Better Act builds on our efforts to make health care more affordable and accessible for all Americans, including millions unfairly caught in the Medicaid coverage gap.
“It also makes prescription drugs more affordable by finally giving Medicare the ability to negotiate lower drug prices with the pharmaceutical companies. Seniors will also pay no more than $2,000 a year in out-of-pocket costs for their drugs, and the legislation penalizes Big Pharma companies that unfairly raise prices.
“We expand health care access for children, mothers, and seniors by permanently reauthorizing the Children’s Health Insurance Program, improving maternal health care, and providing, for the first time, comprehensive hearing benefits under Medicare Part B. The legislation also makes a historic commitment to home- and community-based care so seniors and people with disabilities can get the care they need in their homes.
“The Build Back Better Act also aggressively tackles the worsening climate crisis. It makes historic investments to move us toward a clean energy economy while also producing millions of good paying American jobs.
“The new Greenhouse Gas Reduction Fund will accelerate innovation in low- and zero-emission technologies, while also prioritizing the needs of environmental justice communities. Rebates for homeowners to electrify and make their houses more efficient will save them money and reduce emissions. Investments in a 21st century electric grid will get more renewable energy online.
“The legislation will also drive down pollution from the oil and gas industry through a new Methane Emissions Reduction Program. Substantial investments in electric vehicle charging stations and clean heavy-duty vehicles, like school buses, will serve the dual purpose of slashing our carbon emissions while helping American manufacturing stay globally competitive. We simply cannot wait any longer to combat the climate crisis - bold action is needed now.
“The Build Back Better Act will provide significant financial relief to American families well into the future while also creating millions of good paying American jobs as we transition to a clean energy economy. I’m thrilled we are one step closer to seeing this legislation signed into law."
As Chairman of the Energy and Commerce Committee, Pallone led efforts on key provisions of the legislation that advanced out of the Committee in September and are included in the bill that passed the House today. A fact sheet of key Committee provisions can be found HERE.
