Echo Communications in Axios

The House-passed reconciliation bill is likely to face changes from IRA-friendly GOP senators — but the climate law’s supporters are still warning against complacency.

Why it matters: “This is a real wake-up call for the clean energy industry,” said Chris Moyer, a former staffer for Sen. Cory Booker and former Senate Majority Leader Harry Reid.

Catch up quick: House deficit hawks won significant rollbacks to IRA energy credits in the Ways and Means packagemarked up last week and even deeper cuts in an amendment unveiled last night.

Between the lines: The industry took “too much solace in a few letters from House Republicans who, at the end of the day, voted to gut the very tax credits they claimed to value so dearly,” Moyer said in a statement.

The bottom line: “A window still exists for advocacy, but it’s getting smaller and will close as soon as July 4th,” Moyer said.

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