Rosen Statement on First Anniversary of the Inflation Reduction Act Being Signed Into Law

Senator Rosen Helped Pass This Historic Law That Has Been Instrumental In Lowering Costs & Helping American Companies Invest In Nevada

LAS VEGAS, NV – Today, on the first anniversary of the Inflation Reduction Act being signed into law, U.S. Senator Jacky Rosen (D-NV) issued the following statement highlighting the benefits it has brought to Nevada. This law is helping lower prescription drug costs for Nevada seniors, increase clean energy and manufacturing investments, and create good-paying jobs in Nevada.

Earlier this month, Senator Rosen visited Unimacts, a clean energy manufacturing company in Las Vegas that has benefited directly from this Rosen-backed law. As a result, the company has created new good-paying jobs in Nevada and has been able to move production out of countries like China and Mexico and back into the United States. Senator Rosen also recently penned an op-ed highlighting how the Inflation Reduction Act has lowered the cost of prescription medications, including insulin, to the benefit of Nevadans.

“Thanks to the Inflation Reduction Act that I proudly helped pass, we’re helping lower prescription drug costs for Nevada seniors and creating thousands of good-paying clean energy jobs in our state,” dijo el Senador Rosen. “I recently visited a solar manufacturing company in Las Vegas to see firsthand how this historic legislation is helping bring jobs back to Nevada from countries like China. I’ll keep working to continue lowering costs and creating good-paying jobs for hardworking Nevada families.”

In its first year of this law, a recent report from the Senate Joint Economic Committee found that:

  • There have been more than $9 billion in investments in Nevada wind, solar, and geothermal energy production that is creating over 11,500 jobs.
  • Insulin copays capped at $35 a month have saved more than 10,000 Nevadans roughly $439 per year in out-of-pocket costs.
  • Enhanced premium tax credits for the Affordable Care Act, which Senator Rosen pushed to expand, are saving more than 96,000 Nevadans an average of $375 on their health care plans this year.