H.R. 1: One Big Beautiful Bill Act
The "One Big Beautiful Bill Act" (H.R. 1) is a comprehensive piece of legislation that addresses numerous areas of public policy, including agriculture, education, energy, healthcare, financial services, and immigration. Its primary goals are to enhance welfare for American families and workers and to promote economic growth and infrastructure development.
Tax and Nutrition Amendments
The bill proposes several changes to tax and nutrition laws, such as:
- Limiting charitable contributions and modifying eligibility for tax credits based on immigration status.
- Updating calculations for food assistance programs.
- Revising agricultural loan provisions and extending various deadlines related to these programs until 2031.
Agricultural Support
Enhancements in agricultural support include:
- Changing the income limit for assistance from $125,000 to $155,000, with future adjustments based on inflation.
- Establishing payments for livestock losses and revising funding for agricultural programs to support beginning farmers and conservation efforts.
Military Funding
The bill proposes significant funding allocations for military advancements, including:
- $750 million for logistics and $1 billion for innovative technology development.
- $2 billion aimed at utilizing commercial technology and $5 billion in support for border operations.
Student Loan Provisions
In terms of education, the bill revises student loan terms, which include:
- Loan rehabilitation changes and new income-based repayment plans effective July 1, 2026.
- A maximum total price guarantee for federal financial aid recipients, ensuring cost compliance over the award year.
Healthcare Regulations
This legislation focuses on healthcare by:
- Implementing civil penalties for pharmacies providing false information.
- Introducing eligibility stipulations for medical assistance based on community engagement requirements.
- Prohibiting health plan coverage for gender transition procedures starting in 2027.
Immigration Fees and Procedures
Immigration provisions include:
- Setting fees for various immigration-related applications, starting in fiscal year 2025, with annual adjustments for inflation.
- Mandating processes for verifying criminal records of unaccompanied alien children and enhancing regulatory compliance measures for immigration applications.
Energy Project Support
The bill includes measures to support energy projects, such as:
- Establishing a De-risking Compensation Program to help energy project sponsors suffering losses due to federal actions.
- Encroaching on the leasing provisions for oil and gas while adjusting royalty rates and lease requirements for federal lands.
Tax Adjustments and Credits
Tax-related adjustments encompass:
- Extending various deductions and credits, including those related to child tax credits, business income, and personal exemptions.
- Explicit restrictions on claiming benefits for credits from foreign-influenced entities.
Local Funding and Land Management
The legislation also emphasizes local funding and land management through:
- Amendments regarding the sale and appraisal of specific lands in Pershing County, Nevada.
- Appropriating funds for coastal resilience and water management projects.
Funding Allocations and Appropriations
Finally, the bill outlines various funding allocations, including:
- Adjustments in funding for Coast Guard asset acquisition and enhancing aviation safety infrastructure.
- Implementing a tax exemption for certain firearms transactions and introducing a tax on remittance transfers.
Relevant Companies
- BA - Boeing: Increased military funding could positively impact defense contractors like Boeing, which may receive more contracts for military advancements.
- GM - General Motors: The tax incentives for clean vehicles may directly influence GM’s electric vehicle initiatives and overall market strategy.
- APA - Apache Corporation: Adjustments to oil and gas leasing provisions could influence Apache's operating conditions and financial prospects in energy development.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
1 sponsor
Actions
14 actions
| Date | Action |
|---|---|
| May. 22, 2025 | Considered under the provisions of rule H. Res. 436. (consideration: CR H2235-2357) |
| May. 22, 2025 | DEBATE - The House proceeded with two hours of debate on H.R. 1. |
| May. 22, 2025 | Motion to reconsider laid on the table Agreed to without objection. |
| May. 22, 2025 | Mrs. Trahan moved to recommit to the Committee on the Budget. (CR H2356) |
| May. 22, 2025 | On motion to recommit Failed by the Yeas and Nays: 212 - 216 (Roll no. 144). |
| May. 22, 2025 | On passage Passed by the Yeas and Nays: 215 - 214, 1 Present (Roll no. 145). (text: CR H2235-2334) |
| May. 22, 2025 | Passed/agreed to in House: On passage Passed by the Yeas and Nays: 215 - 214, 1 Present (Roll no. 145). |
| May. 22, 2025 | Rule H. Res. 436 passed House. |
| May. 22, 2025 | Rule provides for consideration of H.R. 1. The resolution provides for consideration of H.R. 1 under a closed rule with two hours of general debate and one motion to recommit. |
| May. 22, 2025 | The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX. |
| May. 22, 2025 | The previous question was ordered pursuant to the rule. |
| May. 21, 2025 | Rules Committee Resolution H. Res. 436 Reported to House. Rule provides for consideration of H.R. 1. The resolution provides for consideration of H.R. 1 under a closed rule with two hours of general debate and one motion to recommit. |
| May. 20, 2025 | Placed on the Union Calendar, Calendar No. 78. |
| May. 20, 2025 | The House Committee on the Budget reported an original measure, H. Rept. 119-106, by Mr. Arrington. |
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