AdvertisementWhat the Inflation Reduction Act does and doesn't do about rising pricesUpdated August 13, 2022Juliana KimfacebookEmailSenate Majority Leader Chuck Schumer, D-N.Y., leaves a news conference at the U.S. Capitol on Friday, where he spoke to reporters about the Inflation Reduction Act. (Getty Images)This article was originally published on August 11, 2022.