President Joe Biden is preparing to sign Democrats’ landmark climate change and health care bill, which includes the most substantial federal investment in history to fight climate change.
The legislation includes the most substantial federal investment in history to fight climate change — some $375 billion over the decade — and would cap prescription drug costs at $2,000 out-of-pocket annually for Medicare recipients.
The House on Friday approved the measure on a party-line 220-207 vote. It passed the Senate days earlier withSenate Majority Leader Chuck Schumer, D-N.Y. makes a speech ahead of senators voting to advance Democrats' climate, energy, tax bill. Biden signed the bill into law during a small ceremony in the State Dining Room of the White House, sandwiched between his return from a six-day beachside vacation in South Carolina and his departure for his home in Wilmington, Delaware. He plans to hold a larger "celebration" for the legislation on Sept. 6 once lawmakers return to Washington.
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