Build Back Better Act

Floor Speech

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Mr. PALLONE. Mr. Speaker, I rise in strong support of the Build Back Better Act.

This legislation builds on our efforts to make healthcare more affordable and accessible for all Americans, including millions unfairly caught in the Medicaid coverage gap.

It also makes prescription drugs more affordable by finally giving Medicare the ability to negotiate lower drug prices with the pharmaceutical companies. Seniors will also pay no more than $2,000 a year in out-of-pocket costs for their drugs, and the legislation penalizes Big Pharma companies that unfairly raise prices.

The Build Back Better Act also aggressively tackles the worsening climate crisis. The new greenhouse gas reduction fund will accelerate innovation in low- and zero-emission technologies. Rebates for homeowners to electrify and make their houses more efficient will save them money and reduce emissions. The new methane emissions reduction program will drive down pollution from the oil and gas industry.

Mr. Speaker, we simply cannot wait any longer to combat the climate crisis. Bold action is needed now.

The Build Back Better Act invests in the American people and our future and deserves strong support today.

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