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The document highlights the impact of the Inflation Reduction Act and other recent legislation on U.S. climate goals, while identifying specific bipartisan opportunities for further progress. It emphasizes the need for improved nuclear energy regulation via the ADVANCE Act, increased support for industrial decarbonization through the Department of Energy, and the necessity of updating clean energy programs before they expire in 2025.

The document outlines a policy package comprising 45Q tax credit enhancements, the SCALE Act for infrastructure, and the appropriation of the Energy Act of 2020, which together could increase US carbon management capacity 13-fold by the mid-2030s.

The PREPARE Act proposes a strategic approach to manage the financial and systemic risks posed by extreme weather to the US federal government. It seeks to establish an interagency oversight council, improve coordination with state and local planners, and create regional coordination plans to enhance resilience and risk management without increasing costs to taxpayers.