by Holland & Knight
The One Big Beautiful Bill Act was passed by the U.S. House of Representatives through a dramatic 218-214 vote on July 3, 2025. This landmark legislation, representing the cornerstone of President Donald Trump’s second-term domestic agenda, emerged from months of intensive negotiations and strategic legislative maneuvering. Structured as a budget reconciliation package to circumvent traditional filibuster requirements, the bill integrates policy priorities from across 10 Senate committees into a unified legislative framework designed to fundamentally realign federal priorities with the administration’s economic and social vision. The extraordinary breadth and ambition of this package make it one of the most consequential pieces of legislation in recent congressional history.
When signed into law by President Trump, the legislation will deliver more than $1.5 trillion in deficit reduction and reshape federal policy across nearly every major sector of the American economy.
With its expansive scope spanning thousands of pages, this landmark legislation will impact virtually every industry and household in the U.S. through significant policy shifts, funding reallocations and regulatory changes.
This Holland & Knight alert breaks down the key provisions of the One Big Beautiful Bill Act by sector, highlighting the most consequential policy changes, funding shifts and regulatory implications across multiple domains, including:…
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