LPL Research Highlights the Latest Reconciliation Bill

One Big Beautiful Bill Act — Six Takeaways

Adam Turnquist | Chief Technical Strategist

Last Updated: July 09, 2025

In classic Washington style, Congress pushed the limits of drama and delay, passing a sweeping reconciliation bill just hours before President Donald Trump’s self-imposed July 4, 2025 deadline. After intense negotiations, squabbles within the Republican Party, and nearly an all-night House session, the “One Big Beautiful Bill Act (OBBBA)” squeaked through with a 218–214 vote on July 3, following the Senate’s narrow 51–50 passage, with Vice President JD Vance casting the tiebreaker. Trump signed the legislation into law during a celebratory White House ceremony on July 4, marking a major victory for his second-term agenda.