Categories: U.S. Treasury

Statement from Deputy Secretary of the Treasury Wally Adeyemo on Implementation of Strong Inflation Reduction Act Worker Protections

Today, Deputy Secretary Wally Adeyemo released the following statement on the Inflation Reduction Act’s strong labor protections’ going into effect: 

“The Biden-Harris Administration is committed to taking steps to make sure clean energy jobs are good-paying jobs and that American workers are ready to take on the opportunities created by the Inflation Reduction Act’s investments. Strong labor protections are now in place, and workers on these projects will see higher paychecks and more opportunities. This marks the first time that workers on projects supported by clean energy tax incentives will benefit from protections on pay that have long benefitted workers on projects supported by federal contracts. Treasury’s guidance to implement this critical piece of the Inflation Reduction Act ensures that workers benefit from the clean energy economy they are building.”  
 

IR Press

Share
Published by
IR Press

Recent Posts

OCC Announces Enforcement Actions for November 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…

2 days ago

Remarks by Secretary of the Treasury Janet L. Yellen on the 30th Anniversary of the Community Development Financial Institution Fund

As Prepared for Delivery Good afternoon. It’s an honor to welcome President Clinton to Treasury today…

3 days ago

Treasury Sanctions Gazprombank and Takes Additional Steps to Curtail Russia’s Use of the International Financial System

Treasury imposes sanctions on dozens of Russian banks, securities registrars, and finance officials; OFAC issues…

3 days ago

Acting Comptroller Testifies on State of the Federal Banking System

WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system…

3 days ago

Remarks by Assistant Secretary for International Finance Brent Neiman on the U.S. Cross-Border Payments Agenda

As Prepared for Delivery Thank you very much for the opportunity to be here today, and…

5 days ago