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Agency:
Office of Management and Budget

IRA Section 70005 – OMB Oversight of the IRA

Section 70005 of the IRA appropriates $25,000,000 to the Director of the Office of Management and Budget for costs associated with overseeing the implementation of the IRA and tracking labor, equity, and environmental standards and performance. The appropriated funds are available until September 30, 2026.

Environmental Justice Considerations:

Some funds will be used to track equity in implementation of the IRA.

Current Status:

No change under Trump administration

Trump Administration Actions:

  • OMB Orders Temporary Pause on Financial Assistance Programs, Later Rescinded [01/27/2025]
  • OMB Clarifies Scope of the Order to Halt IRA Spending [01/21/2025]
  • Trump Issues Executive Order to Halt All IRA Funding Disbursements [01/20/2025]

Implementation Status at End of Biden Administration:

Complete

$25 million is appropriated to the OMB for implementation costs. Funds will be available until September 30, 2026. These are administrative funds so they have been fully allocated.

Biden Administration Actions:

  • OMB Announces Accessibility Improvements to Its Federal Guidance for Agency Grants and Loans [04/04/2024]
  • OMB Releases Analysis of Social and Economic Impacts of the IRA [08/23/2022]
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