Illustration: Sarah Grillo/Axios
The GOP's Senate victory gives it new power to dictate the IRA's future and who gets to serve at key agencies.
Why it matters: Republicans will have significant leverage with a 2025 tax bill and may be able to rewrite President Biden's signature climate law in their image.
Driving the news: Senate Republicans enter next year with a likely narrow majority and new leadership on committees and the top of their conference.
- Sen. John Thune or Sen. John Cornyn is likely to become majority leader. Sen. John Barrasso is set to forgo the Energy and Natural Resources gavel to be the No. 2 Senate Republican.
- Sen. Mike Lee, a conservative firebrand, is slated to chair ENR — if he doesn't end up in the new administration if former President Trump wins. That could lead to some gridlock and intense confirmation fights.
- Sen. Shelley Moore Capito is widely expected to take over the chair of the Environment and Public Works Committee.
The bottom line: Republicans are likely to use that power to put EPA climate regulations and longtime GOP targets, like the IRA's electric vehicle tax credit, under intense scrutiny.
Watch your inbox Wednesday afternoon for more details in our election edition of the newsletter, landing between 1 and 2pm ET.
