Legislative Update: President Trump Signs the One Big Beautiful Bill Act into Law

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On July 4, President Donald Trump signed H.R. 1, the One Big Beautiful Bill Act, into law. Flanked by Republican leadership on the White House lawn, the President commemorated passage of the massive budget reconciliation package, which includes an extension of the 2017 Tax Cuts and Jobs Act, additional changes to the tax code excluding portions of tipped, overtime, and Social Security income, additional funding for defense, domestic energy production, and border security, and significant cuts to federal benefit programs including Medicaid, CHIP, and the Supplemental Nutrition Assistance Program (SNAP).

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