Statement from Silicon Valley Leadership Group on Senate Passage of the Inflation Reduction Act of 2022

SAN JOSÉ, CA (August 8, 2022) — Ahmad Thomas, CEO of the Silicon Valley Leadership Group, today issued the following statement applauding Senate passage of the Inflation Reduction Act of 2022. This historic measure now heads to the U.S. House of Representatives before it can be signed into law by President Biden.

“Silicon Valley Leadership Group commends the U.S. Senate on the historic passage of the Inflation Reduction Act, the most significant climate legislation in our nation’s history.

SVLG is proud to have advocated for this important legislation. We represent companies on the vanguard of generating clean energy solutions. Our members’ diligence and commitment to innovation is central to building the technologies the Inflation Reduction Act is designed to enable.

It will transform the U.S. economy towards one that manufactures and implements a wide variety of clean energy solutions, from solar and wind farms to electric cars and heat pumps, with significant incentives for made in the USA solutions.

The act will lower energy costs for consumers, in the medium and long term, by reducing reliance on imported fossil fuels and bolstering American energy independence.

We look forward to working with our partners in government and business to put this groundbreaking legislation into action. SVLG member companies will continue to ensure that our clean energy future is born in Silicon Valley.

A summary of the legislation can be viewed HERE

About the Silicon Valley Leadership Group:

The Silicon Valle Leadership Group is a business organization of hundreds of Silicon Valley’s most dynamic companies working to shape the innovation economy of California and the nation. Founded by David Packard of Hewlett-Packard, for over 40 years SVLG has worked to address issues that affect the region’s economic health and quality of life. Today, SVLG Is focused on economic competitiveness with a special focus on diversity & inclusion, climate change and infrastructure. SVLG members collectively provide nearly one of every three private sector jobs in Silicon Valley and contribute more than $3 trillion to the worldwide economy. For more information, visit