This is an updated version of the alert published on July 3.
Update: The President of the United States has signed into law the budget reconciliation bill (H.R. 1, the "One Big Beautiful Bill Act") on July 4, 2025.
Update:...more
7/7/2025
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Tax Reform
Update: The House of Representatives passed (by a vote of 218-214) the budget reconciliation bill (H.R. 1, the "One Big Beautiful Bill Act") on July 3, 2025. The bill now goes to the President for signature....more
On July 1, 2025, the Senate passed (by a vote of 51-50) its version of the budget reconciliation bill (H.R. 1, the "One Big Beautiful Bill Act") containing numerous tax reform provisions. Below are our summaries of the...more
7/2/2025
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Tax Reform
On May 22, 2025, the House of Representatives passed (by a vote of 215-214-1) its version of the budget reconciliation bill (H.R. 1, the "One Big Beautiful Bill Act") containing numerous tax reform provisions. Below are our...more
5/27/2025
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Ways and Means Committee
On January 20, 2025, the Trump Administration issued a Memorandum (the Memorandum) that orders a moratorium on new or renewed federal actions for onshore and offshore wind projects, pending federal review, and withdraws new...more