WASHINGTON, May 30 -- The House Oversight and Government Reform Subcommittee on Economic Growth, Energy Policy and Regulatory Affairs released the following written testimony by William McBride, chief economist and a fellow in economics at the Tax Foundation, from a May 20, 2025, joint hearing with the Subcommittee on Health Care and Financial Services entitled "Mandates, Meddling, and Mismanagement: The IRA's Threat to Energy and Medicine." IRA is the Inflation Reduction Act.