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Market Intelligence Resource | July 10, 2025

The 2025 Federal Budget Reconciliation Bill (H.R.1 – One Big Beautiful Bill Act)

On July 4, 2025, the U.S. Legislature published U.S. House Resolution 1: the One Big Beautiful Bill Act. This reconciliation bill includes legislation submitted by 11 House committees pursuant to provisions in the fiscal year 2025 congressional budget resolution that directed the committees to submit legislation to the House Budget Committee to increase or decrease the deficit and increase the statutory debt limit by specified amounts . . .

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