HILL ENERGY BRIEF: Speaker’s First Big Bill Cuts Climate Funding

The first major legislation House Republicans passed under newly installed Speaker Mike Johnson would cut billions of dollars in consumer rebates for energy efficiency upgrades included in President Joe Biden’s signature climate law.

The $58 billion measure (H.R. 4394), which funds the Energy Department and other agencies, rescinds more than $5.5 billion from the Inflation Reduction Act, including a $4.5 billion program for homeowners to switch to more energy efficient appliances and a $1 billion grant program to help states craft more stringent building energy codes.

The bill, approved Thursday on a 210-199 vote, also slashes the Energy ...