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New Legislation Trump Administration Budget Reconciliation

BakerHostetler

Analysis of Renewable Energy Credit Amendments and Changes Under the 2025 Tax Legislation

BakerHostetler on

There is a possibility of one or more additional reconciliation bills during late 2025 and 2026 and therefore further opportunities for enactment of additional provisions, as well as changes and improvements to the...more

Berkshire

Senate Looks to Fund OFCCP Despite Stated White House Priorities

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In a somewhat surprising move, the Senate Appropriations Committee has approved an appropriations bill for the federal government’s fiscal year 2026 that includes $105,976,000 for OFCCP’s “salaries and expenses.”...more

Goodwin

A Look Ahead in Life Sciences: What We Are Tracking in the Third Quarter of 2025 and Beyond

Goodwin on

As the life sciences, medtech, and diagnostic industries continue to grow increasingly complex, so does the legal, regulatory, and compliance landscape. To help companies and investors navigate the many evolving and emerging...more

Brownstein Hyatt Farber Schreck

Final Health Care Provisions in the “One Big Beautiful Bill Act”

On July 4, President Donald Trump signed into law the Republican budget reconciliation package, also referred to as the One Big Beautiful Bill (OBBB) Act. The legislation enacts sweeping changes to tax, immigration, energy,...more

Miller Canfield

One Big Beautiful Bill: Estate and Gift Tax Exclusion and the Generation-Skipping Transfer Tax Exemption Increases to $15 Million

Miller Canfield on

The One Big Beautiful Bill (OBBB), which passed on July 3 and was signed by President Donald Trump on July 4, increases the amount individuals may transfer for federal estate, gift, and generation-skipping transfer tax...more

Ballard Spahr LLP

Budget bill includes huge cuts to CFPB budget

Ballard Spahr LLP on

The budget bill signed by President Trump on July 4 will make massive cuts to the CFPB’s budget. The huge bill changes the amount that the CFPB may receive from the Federal Reserve from a maximum of 12% of the Fed’s...more

Harris Beach Murtha PLLC

President Signs “Big Beautiful Bill” With Significant Housing Credit Expansion

On Friday, July 4th, President Trump signed the “One Big Beautiful Bill Act” (H.R. 1) – a sweeping budget reconciliation package that includes the most substantial expansion of federal affordable housing resources in 25...more

Moore & Van Allen PLLC

H.R.1 - One Big Beautiful Bill Act

In Brief - - The Senate passed H.R. 1, as amended, 51-50 on July 1, 2025 (legislative day began on June 30, 2025). Vice President JD Vance broke the tie by voting for the measure and presiding over the closing of the vote....more

Littler

Policy Week in Review – July 2025 #1

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“Big Beautiful” Reconciliation Bill Pending Final Passage in the House  Earlier this week, the U.S. Senate passed the reconciliation bill by a narrow vote of 51-50, with Vice President JD Vance casting the tie-breaking vote....more

Brownstein Hyatt Farber Schreck

Taxation & Representation, June 2025

House Passes Reconciliation Package, with Senate Expected to Make Changes: On May 22, the House of Representatives passed H.R. 1, “The One, Big, Beautiful Bill Act,” legislation authorized under the FY 2025 concurrent budget...more

McDermott+

Healthcare Preview for the Week of: June 30, 2025

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Welcome to what technically was supposed to be a congressional recess week in advance of the Fourth of July. The Fourth also has been Republicans’ internal deadline for having a reconciliation package on the president’s desk,...more

McDermott+

McDermott+ Check-Up: June 13, 2025

McDermott+ on

THIS WEEK’S DOSE - - Reconciliation Moves Forward. Senate committees continue to release their reconciliation provisions. - NIH Director Testifies on FY 2026 Budget. National Institutes of Health (NIH) Director Bhattacharya...more

McDermott+

McDermott+ Check-Up: May 30, 2025

McDermott+ on

Senate Prepares to Take Up Reconciliation Bill. Discussions about the bill’s real-world implications continued during this week’s recess....more

Littler

Policy Week in Review – May 2025 #3

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Supreme Court Allows Trump Firing of NLRB Member Wilcox - Late Thursday, the Supreme Court issued an order that essentially extends a previous order issued by Chief Justice John Roberts in April that barred National Labor...more

Littler

Policy Week in Review – May 2025 #2

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House Workforce Protections Subcommittee Holds Hearing on “Reclaiming OSHA’s Mission” - On Thursday, the House Subcommittee on Workforce Protections, chaired by Ryan Mackenzie (R-PA), held a hearing titled “Reclaiming...more

Cadwalader, Wickersham & Taft LLP

Open Sesame: Budget Resolution Clears the Way for Tax Cuts

On April 5th and April 10th, respectively, the Senate and House approved the FY25 budget resolution, thereby opening the budget reconciliation process and paving the way to enact President Trump’s various tax proposals,...more

Holland & Knight LLP

Private Equity and Other Carried Interest Funds - Federal Tax Policy Tip Sheet: Issue 1

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The U.S. House of Representatives passed the Fiscal Year (FY) 2018 budget on Thursday, Oct. 26, 2017, clearing the congressional path for tax reform legislation and providing a procedural victory for President Donald Trump...more

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