The Inflation Reduction Act is on everyone's mind.
The best time to write about legislation is when a bill passes. This is when the slow grind of policy development finally produces fresh law and new compliance obligations for affected entities.
In the case of the Inflation Reduction Act, that time is now. The U.S. Senate passed the measure Aug. 7 and the House passed it Aug. 12, leaving only the formality of President Biden's widely expected signature in the coming days.
Now is the time for law firms to alert current and prospective clients of the law, and to help them meet whatever new compliance obligations are coming in the most efficient and advantageous ways possible.