Watch live: House debates Schumer and Manchin’s Inflation Reduction Act | USA TODAY

The Democrats’ “Inflation Reduction Act” is heading to the House of Representatives Friday and, likely, a final passage in Congress will touch many American lives once President Joe Biden signs it into law.

RELATED: Bill targeting drug prices, inflation passed by Senate

With the U.S. House expected to pass Friday the most consequential climate change legislation in the nation’s history, environmentalists and advocates are chilling the champagne for a surprise victory.

Just a month ago the Inflation Reduction Act of 2022 appeared doomed, after an apparent breakdown in Senate negotiations. But an unexpected deal emerged, prompting a party-line vote Sunday that promised $369 billion for incentives to move the nation away from fossil fuels and toward renewable energy sources, while putting more drivers in electric cars and making more homes energy efficient.

Expert analysis projects the measures will get the U.S. most of the way toward a goal of reducing greenhouse gas emissions by half by 2030. Market momentum and regulatory tweaks could take care of the rest.

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