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Troutman Pepper Locke

Colorado August Special Session Will Address Colorado AI Act

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Key point: Colorado lawmakers will have another opportunity to amend the Colorado AI Act. ...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (7/30)

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Pritzker says Illinois working to soften impact of SNAP cuts imposed by Trump - “Gov. JB Pritzker spoke at an East St. Louis food shelter on Tuesday to talk about his administration’s plans to alleviate the impact spending...more

Alston & Bird

Look Ahead to the Week of July 28, 2025: Senate Continues Appropriations Efforts for 2026 Fiscal Year

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The House has already begun its August recess, but the Senate remains in session for one more week. However, President Trump has continued pressuring the Senate to cancel August recess in a bid to advance additional...more

Bradley Arant Boult Cummings LLP

Reefer Madness: Congressional Proposal Would Keep Marijuana Schedule I, Prevent Most Prosecutions of Marijuana Use

What. Are. We. Doing. Here? The latest from Capitol Hill is a doozy: A congressional committee has approved a spending bill that contains provisions to block the Justice Department from rescheduling marijuana. The...more

Cozen O'Connor

Cozen Currents: GOP and Democrats Are Both in Your Debt (Literally)

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The Cozen Lens - • The federal debt has grown dramatically in recent years, with both parties pursuing significant deficit spending, the impacts of which will likely not be fully clear for several years. • President Donald...more

Alston & Bird

Look Ahead to the Week of July 21, 2025: Turning to Fiscal Year 2026 Spending Bills

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The House and Senate are in session this week, with both chambers set to recess in the coming weeks for the entire month of August. However, President Trump has called on Congress to cancel August recess in a bid to advance...more

Keating Muething & Klekamp PLL

Benefits Monthly Minute - July 2025

The July Monthly Minute highlights several benefits provisions under the One Big Beautiful Bill Act and offers reminders about upcoming PCORI and Form 5500 deadlines. Many Benefits, One Big Beautiful Bill On July 4, 2025,...more

Brownstein Hyatt Farber Schreck

Senate Prepares for Rescissions Vote-a-Rama

On Tuesday, July 15, the Senate voted 51-50, with Vice President JD Vance casting the tie-breaking vote, on the motion to proceed with debate on H.R.4, the Rescission Act of 2025. Democrats used 10 hours of the statutorily...more

Verrill

Permanent Exemptions and New Deductions: What the 2025 Tax Law Means for Estate and Tax Planning

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On July 4, 2025, President Trump signed into law the 2025 Budget Reconciliation bill, commonly known as the One Big Beautiful Bill Act (“Act”). This legislation extends several provisions from the Tax Cuts and Jobs Act...more

Ballard Spahr LLP

The OBBBA’s Impact on Employee Benefits and Executive Compensation

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H.R.1—the One Big Beautiful Bill Act (OBBBA)—contains several provisions that directly affect employer-provided benefit programs, primarily health and welfare programs....more

McDermott+

Healthcare Preview for the Week of: July 14, 2025

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Rescissions rescissions - Congressional focus this week is on the rescissions package and appropriations. The rescissions bill has a July 18 deadline to reach the president’s desk for signature. The bill is pending in the...more

Schwabe, Williamson & Wyatt PC

Changes to Employee Benefit Plans in the One Big Beautiful Bill Act

On July 4, 2025, the One Big Beautiful Bill Act, 2025 (OBBBA) was enacted. The OBBBA is far-reaching and employers may need to do a lot of work to bring their systems and procedures into compliance. Some of the changes in the...more

McDermott Will & Schulte

Modified QOZ program delivers new investor incentives and permanence

The One Big Beautiful Bill Act (OBBBA) significantly modified the Qualified Opportunity Zone (QOZ) program via a set of comprehensive reforms aimed at improving accountability, long-term impact, and geographic equity. The new...more

BakerHostetler

The Weekly Hill Update - July 2025

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Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session....more

A&O Shearman

Impact of the One Big Beautiful Bill Act on Inflation Reduction Act Incentives

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On July 4, 2025, President Trump signed into law “An Act to provide for reconciliation pursuant to title II of H. Con. Re. 14” (commonly known as the One Big Beautiful Bill Act (the “Act”)). On July 7, President Trump...more

McDermott+

McDermott+ Check-Up – July 11, 2025

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THIS WEEK’S DOSE - - President Trumps signs OBBBA into law. After months of debate, Congress passed and President Trump signed H.R. 1, the One Big Beautiful Bill Act (OBBBA), into law on July 4, 2025. - Senate HELP...more

King & Spalding

President Trump Signs Budget Reconciliation Bill with Significant Medicaid Changes into Law

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On the afternoon of July 4, President Trump signed into law H.R. 1, the One Big Beautiful Bill Act – comprehensive budget reconciliation legislation that represents the core of President’s second-term domestic agenda and...more

Sullivan & Worcester

"One Big Beautiful Bill Act" Enshrines Opportunity Zone Provisions

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On July 4, 2025, President Trump signed the "One Big Beautiful Bill Act" (the “OBBBA”), which contains amendments to sections 1400Z-1 and 1400Z-2 of the Internal Revenue Code (the “Original Statute”)—the provisions that...more

McDermott Will & Schulte

No state AI law moratorium in One Big Beautiful Bill Act

On July 4, 2025, US President Donald Trump signed into law the budget reconciliation bill, known as the One Big Beautiful Bill Act, after the US Senate voted to remove language that would have prohibited states from enforcing...more

Eversheds Sutherland (US) LLP

Big Beautiful Bill remains beautiful for businesses

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act into law (the new law). The new law includes permanent extensions of three key business-favorable tax provisions from the 2017 Tax Cuts and Jobs Act...more

Alston & Bird

Look Ahead to the Week of July 7, 2025: GOP Returns Triumphant Following Enactment of ‘Big, Beautiful’ Bill

Alston & Bird on

The Senate is in session this week, but the House was granted an unscheduled recess week after narrowly passing the One Big Beautiful Bill Act before July 4 (H.R. 1). President Trump signed the bill into law over the weekend,...more

BakerHostetler

The Weekly Hill Update - June 2025 #2

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Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session....more

Cozen O'Connor

Cozen Currents: The Certainty and Uncertainty of Trump Walking It Back

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“While the financial markets have become comfortable with dismissing the tail risks associated with the president’s boldest policy proposals, President Trump has successfully enacted ambitious policy proposals, albeit perhaps...more

Brownstein Hyatt Farber Schreck

White House Releases Additional FY26 Budget Details

On Friday, May 30, the Trump administration released the Technical Supplement to the 2026 Budget (“Appendix”). The appendix follows the May 2 release of the president’s recommendations on discretionary funding levels for...more

Cadwalader, Wickersham & Taft LLP

Carried Interest Survives Budget Bill … for Now

On May 15, 2025, the House released the draft FY 2025 budget bill. As currently drafted, the budget bill does not limit or otherwise change the tax treatment of carried interest.  Following the release of the budget bill,...more

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