The Treasury Department during the Biden administration used its final months to finalize or correct several IRS regs, including guidance implementing clean energy provisions under the Inflation Reduction Act (P.L. 117-169). But should the Republican-controlled Congress and President Trump seek to overturn the previous administration’s rules, there are procedures in place that could have regs issued as early as last August on the chopping block.
As explained by the Congressional Research Service (CRS), the CRA “applies to final rules, including major rules, nonmajor rules, and interim final rules.” Successful CRA joint resolutions overturn rules “immediately.” Rules that already became effective are treated as if they had never taken effect, and rules that had not yet taken effect do not go into effect.
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