Inflation Reduction Act of 2022

H.R. 5376 in the 117th Congress (2021–2022) became law — introduced on Sep 27, 2021, sponsored by John A. Yarmuth. Congress held 43 roll call votes on it.

During the 117th Congress (2021–2022), Joe Biden was president, and Democrats held the House majority and Republicans the Senate majority.

Status: Became law
Introduced: Sep 27, 2021
Co-sponsors: 0
Policy area: Economics and Public Finance
Public law: Public Law 117-169

What it does

TITLE I--COMMITTEE ON FINANCE Subtitle A--Deficit Reduction Part 1--Corporate Tax Reform (Sec. 10101) This bill imposes an alternative minimum tax of 15% of the average annual adjusted financial statement income of domestic corporations (excluding Subchapter S corporations, regulated investment companies, and real estate investment trusts) that exceeds $1 billion over a specified 3-year period.

Summary by the nonpartisan Congressional Research Service.

Sponsor

John A. Yarmuth (D-KY)

Where it stands

IntroducedSep 27, 2021
Passed the HouseNov 19, 2021
Passed the SenateAug 7, 2022
Sent to the PresidentAug 15, 2022
Became lawAug 16, 2022

Latest action: Became Public Law No: 117-169. (Aug 16, 2022)

How Congress voted

On Motion to Concur in the Senate Amendment
House · Aug 12, 2022 · Passed220–207
On Passage of the Bill
Senate · Aug 7, 2022 · Bill Passed50–50
On the Motion
Senate · Aug 7, 2022 · Motion Rejected50–50
On the Motion
Senate · Aug 7, 2022 · Motion Rejected50–50
On the Motion
Senate · Aug 7, 2022 · Motion Rejected50–50
On the Motion
Senate · Aug 7, 2022 · Motion Rejected50–50
On the Motion
Senate · Aug 7, 2022 · Motion Rejected50–50
On the Motion
Senate · Aug 7, 2022 · Motion Rejected49–51

Every roll call vote on this bill

Build Back Better ActHouse · Nov 19, 2021
Build Back Better ActHouse · Nov 19, 2021
Build Back Better ActHouse · Nov 19, 2021
A bill to provide for reconciliation pursuant to title II of S. Con. Res. 14.Senate · Aug 6, 2022
To establish a cap on costs for covered prescription drugs under Medicare parts B and D.Senate · Aug 6, 2022
To strike a tax increase that would result in higher consumer prices for gasoline, heating oil, and other…Senate · Aug 7, 2022
To eliminate the reinstatement of Superfund taxes.Senate · Aug 7, 2022
To require certain additional onshore oil and gas lease sales in certain states.Senate · Aug 7, 2022
To provide coverage for dental and oral health care, hearing care, and vision care under the Medicare program.Senate · Aug 7, 2022
To strike provisions concerning funding for certain activities under the Clean Air Act.Senate · Aug 7, 2022
To provide additional funding for implementation of title 42.Senate · Aug 7, 2022
To establish a procedure for terminating a determination by Surgeon General to suspend certain entries and…Senate · Aug 7, 2022
To prevent the use of additional Internal Revenue Service Funds from being used for audits of taxpayers with…Senate · Aug 7, 2022
A bill to provide for reconciliation pursuant to title II of S. Con. Res. 14.Senate · Aug 7, 2022
To protect patient access to current and future treatments for a range of serious conditions, such as…Senate · Aug 7, 2022
To establish a Civilian Climate Corps.Senate · Aug 7, 2022
To expedite consideration of permits and provide regulatory certainty for infrastructure and energy projects.Senate · Aug 7, 2022
To amend the Internal Revenue Code of 1986 to modify the maximum capital gains tax rate, to provide a…Senate · Aug 7, 2022
A bill to provide for reconciliation pursuant to title II of S. Con. Res. 14.Senate · Aug 7, 2022
To require oil and gas lease sales in the outer Continental Shelf.Senate · Aug 7, 2022
A bill to provide for reconciliation pursuant to title II of S. Con. Res. 14.Senate · Aug 7, 2022
To reduce funding for home energy performance-based, whole-house rebates and to provide funding for…Senate · Aug 7, 2022
To end the President's War on Coal through the approval of coal leases.Senate · Aug 7, 2022
A bill to provide for reconciliation pursuant to title II of S. Con. Res. 14.Senate · Aug 7, 2022
To extend the special rules for the child tax credit that applied for 2021 and to increase the corporate tax…Senate · Aug 7, 2022
To strike the $80,000,000,000 slush fund for the Internal Revenue Service to prevent the hiring of 87,000…Senate · Aug 7, 2022
To make health care coverage available to low-income adults in States that have not expanded Medicaid.Senate · Aug 7, 2022
To provide for certain conditions on the export to China of crude oil from the Strategic Petroleum Reserve.Senate · Aug 7, 2022
To modify the bill.Senate · Aug 7, 2022
To provide for discounted insulin for low- and middle-income Americans.Senate · Aug 7, 2022
In the nature of a substitute.Senate · Aug 7, 2022
A bill to provide for reconciliation pursuant to title II of S. Con. Res. 14.Senate · Aug 7, 2022
A bill to provide for reconciliation pursuant to title II of S. Con. Res. 14.Senate · Aug 7, 2022
A bill to provide for reconciliation pursuant to title II of S. Con. Res. 14.Senate · Aug 7, 2022
A bill to provide for reconciliation pursuant to title II of S. Con. Res. 14.Senate · Aug 7, 2022
A bill to provide for reconciliation pursuant to title II of S. Con. Res. 14.Senate · Aug 7, 2022
To replace the funding for the Office of the Chief Readiness Support Officer with a $500,000,000…Senate · Aug 7, 2022
Of a perfecting nature.Senate · Aug 7, 2022
A bill to provide for reconciliation pursuant to title II of S. Con. Res. 14.Senate · Aug 7, 2022
To remove harmful small business taxes, and for other purposes.Senate · Aug 7, 2022
To strike the extension of the limitation on State and local taxes and extend the limitation on excess…Senate · Aug 7, 2022
A bill to provide for reconciliation pursuant to title II of S. Con. Res. 14.Senate · Aug 7, 2022
To provide for reconciliation pursuant to title II of S. Con. Res. 14House · Aug 12, 2022

More bills from John A. Yarmuth in the 117th Congress

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Committees

Banking, Housing, and Urban Affairs Committee
Budget Committee

From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.

Cite or embed this page

Capitol Receipts, “H.R. 5376 (117th Congress): Inflation Reduction Act of 2022,” https://www.capitolreceipts.com/bill/117-hr-5376/inflation-reduction-act-of-2022 (accessed 2026-10-17).