Joe Biden Signs Scaled-Back Version of ‘Build Back Better’ Agenda Into Law

President Joe Biden on Tuesday signed a scaled-back version of his ambitious “Build Back Better” agenda into law, capping off a series of modest legislative wins heading into the autumn midterms.

“With this law, the American people won, and the special interests lost,” Biden said.

The measure increases investments in renewable energy, imposes a fee on methane emissions, allows Medicare to negotiate with drug companies to win lower prices for prescription drugs, and extends larger subsidies to poorer families enrolled in the Affordable Care Act.

“This means seniors are going to pay less for their prescription drugs,” Biden said, reading from prepared remarks. “This is a godsend for so many families, and so, so long overdue.”