Bills
H.R.5376

H.R.5376: Inflation Reduction Act of 2022

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About This Bill

Introduced Sept. 27, 2021
Latest Major Action Aug. 16, 2022

Bill Sponsor

John Yarmuth (D-Ky.)

Bill Versions

Engrossed Amendment Senate - Aug. 7, 2022
Placed on Calendar Senate - Aug. 3, 2022
Engrossed in House - Nov. 19, 2021
Reported in House - Sept. 27, 2021

Bill Summary

TITLE I--COMMITTEE ON FINANCE Subtitle A--Deficit Reduction Part 1--Corporate Tax Reform (Sec. 10101) This act 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. The tax is effective in taxable years beginning...

(Source: Library of Congress)

Statement of Administration Policy

The administration this legislation.

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What Lawmakers Are Saying About This Bill

There are 189 statements associated with H.R.5376.

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Bill Actions

Date	Description
Aug. 15, 2022	Presented to President.
Aug. 12, 2022	On motion that the House agree to the Senate amendment Agreed to by the Yeas and Nays: 220 - 207 (Roll no. 420).
Aug. 12, 2022	Mr. Yarmuth moved that the House agree to the Senate amendment.
Aug. 12, 2022	Motion to reconsider laid on the table Agreed to without objection.
Aug. 12, 2022	The previous question was ordered pursuant to the rule.
Aug. 12, 2022	Pursuant to the provisions of H.Res.1316, House proceeded with 3 hours of debate on the Yarmuth motion to agree to the Senate amendment to H.R. 5376.
Aug. 12, 2022	On motion that the House agree to the Senate amendment Agreed to by the Yeas and Nays: 220 - 207 (Roll no. 420). (text: CR H7577-7646)
Aug. 12, 2022	Mr. Yarmuth moved that the House agree to the Senate amendment. (consideration: CR H7577-7704)
Aug. 8, 2022	Message on Senate action sent to the House.
Aug. 7, 2022	Motion by Senator Hagerty to commit to Senate Committee on the Judiciary with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 322.
Aug. 7, 2022	Motion by Senator Rubio to commit to Senate Committee on Health, Education, Labor, and Pensions with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 319.
Aug. 7, 2022	Motion by Senator Blackburn to commit to Senate Committee on Agriculture, Nutrition, and Forestry with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 318.
Aug. 7, 2022	Motion by Senator Hoeven to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 317.
Aug. 7, 2022	Motion by Senator Cruz to commit to Senate Committee on the Judiciary with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 316.
Aug. 7, 2022	Motion by Senator Cruz to commit to Senate Committee on Homeland Security and Governmental Affairs with instructions rejected in Senate by Yea-Nay Vote. 49 - 51. Record Vote Number: 315.
Aug. 7, 2022	Motion by Senator Scott SC, to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 307.
Aug. 7, 2022	Motion by Senator Rubio to commit to Senate Committee on the Judiciary with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 304.
Aug. 7, 2022	Motion by Senator Collins to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 302.
Aug. 7, 2022	Motion by Senator Scott FL, to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 297.
Aug. 7, 2022	Passed the Senate Passed Senate with an amendment by Yea-Nay Vote. 51 - 50. Record Vote Number: 325.
Aug. 7, 2022	Motion by Senator Hagerty to commit to Senate Committee on the Judiciary with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 322. (CR S4199)
Aug. 7, 2022	Motion by Senator Rubio to commit to Senate Committee on Health, Education, Labor, and Pensions with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 319. (CR S4196-4197)
Aug. 7, 2022	Motion by Senator Blackburn to commit to Senate Committee on Agriculture, Nutrition, and Forestry with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 318. (CR S4196)
Aug. 7, 2022	Motion by Senator Hoeven to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 317. (CR S4195)
Aug. 7, 2022	Motion by Senator Cruz to commit to Senate Committee on the Judiciary with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 316. (CR S4194-4195)
Aug. 7, 2022	Motion by Senator Cruz to commit to Senate Committee on Homeland Security and Governmental Affairs with instructions rejected in Senate by Yea-Nay Vote. 49 - 51. Record Vote Number: 315. (CR S4194)
Aug. 7, 2022	Motion by Senator Scott SC, to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 307. (CR S4186)
Aug. 7, 2022	Motion by Senator Rubio to commit to Senate Committee on the Judiciary with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 304. (CR S4184-4185)
Aug. 7, 2022	Motion by Senator Collins to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 302. (CR S4183-4184)
Aug. 7, 2022	Motion by Senator Scott FL, to commit to Senate Committee on Finance with instructions rejected in Senate by Yea-Nay Vote. 50 - 50. Record Vote Number: 297. (CR S4180)
Aug. 6, 2022	Measure laid before Senate by motion.
Aug. 6, 2022	Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 51 - 50. Record Vote Number: 287.
Aug. 6, 2022	Measure laid before Senate by motion. (consideration: CR S4070-4152, S4154-4164, S4168-4201)
Aug. 6, 2022	Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 51 - 50. Record Vote Number: 287. (CR S4070)
Aug. 4, 2022	Committee on Banking, Housing, and Urban Affairs. Hearings held.
Aug. 3, 2022	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 464.
Aug. 2, 2022	Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Nov. 19, 2021	On passage Passed by the Yeas and Nays: 220 - 213 (Roll no. 385).
Nov. 19, 2021	Mr. Brady moved to recommit to the Committee on the Budget.
Nov. 19, 2021	Considered as unfinished business.
Nov. 19, 2021	Motion to reconsider laid on the table.
Nov. 19, 2021	On motion to table the motion to reconsider Agreed to by the Yeas and Nays: 217 - 105 (Roll no. 386).
Nov. 19, 2021	Mr. McGovern moved to table the motion to reconsider the vote.
Nov. 19, 2021	Mr. Neal moved to reconsider the vote.
Nov. 19, 2021	Motion to reconsider laid upon the table. Objection heard.
Nov. 19, 2021	On motion to recommit Failed by the Yeas and Nays: 208 - 220 (Roll no. 384).
Nov. 19, 2021	The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
Nov. 19, 2021	The previous question was ordered pursuant to the rule.
Nov. 19, 2021	DEBATE - Pursuant to H.Res. 774, the House proceeded with further debate on H.R. 5376.
Nov. 19, 2021	Pursuant to clause 1(c) of Rule XIX, the House resumed consideration of H.R. 5376.
Nov. 19, 2021	On passage Passed by the Yeas and Nays: 220 - 213 (Roll no. 385). (text: 11/18/2021 CR H6375-6576)
Nov. 19, 2021	Mr. Brady moved to recommit to the Committee on the Budget. (text: CR H6665)
Nov. 19, 2021	Considered as unfinished business. (consideration: CR H6659-6667)
Nov. 19, 2021	POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule XIX, further consideration of H.R. 5376 is postponed.
Nov. 18, 2021	Considered under the provisions of rule H. Res. 774. (consideration: CR H6375-6595; text: CR H6375-6576)
Nov. 18, 2021	Considered as unfinished business.
Nov. 18, 2021	Considered under the provisions of rule H. Res. 774.
Nov. 18, 2021	Considered under the provisions of rule H. Res. 774. (consideration: CR H6375-6595)
Nov. 18, 2021	Considered as unfinished business. (consideration: CR H6615-6658)
Nov. 18, 2021	DEBATE - Pursuant to H.Res 774, the House proceeded with further debate on H.R. 5376.
Nov. 18, 2021	POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule XIX, further consideration of H.R. 5376 is postponed.
Nov. 18, 2021	DEBATE - The House proceeded with two hours of debate on H.R. 5376.
Nov. 18, 2021	Rule provides for consideration of H.R. 5376 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be considered read. Bill is closed to amendments.
Nov. 6, 2021	Rule H. Res. 774 passed House.
Nov. 5, 2021	Rules Committee Resolution H. Res. 774 Reported to House. Rule provides for consideration of H.R. 5376 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be considered read. Bill is closed to amendments.
Sept. 27, 2021	Placed on the Union Calendar, Calendar No. 94.
Sept. 27, 2021	The House Committee on the Budget reported an original measure, H. Rept. 117-130, by Mr. Yarmuth.
Sept. 27, 2021	Introduced in the House by John Yarmuth (D-Ky.)

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