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By Craig Bannister, CNSNews, August 18, 2022

In remarks celebrating the enactment of the CHIPS and Science Act on Thursday, House Speaker Nancy Pelosi (D-Calif.) took a brief detour to praise the Inflation Reduction Act (IRA), signed into law by President Joe Biden earlier in the week, for allocating $60 billion to diversity and the fight against climate change.

After discussing how her party has more work to do on immigration, Pelosi called the CHIPS and Science Act a “triumph that takes place in the context” of enactment of the Inflation Reduction Act. She then said the IRA provides “$60 billion for diversity, as we meet the challenge of the climate crisis”:

“This is a triumph that takes place in the context of this, this, a couple days, yesterday, the president, two days ago, the president signed the IRA – not to be confused with anything going on in Ireland – but, the Inflation Reduction Act. …

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