NEWS | NSBA Supports Enactment of One Big, Beautiful Bill Act for Small Business Tax Terms, Policy

NSBA commends Congress on their work to prioritize Small Business policy and tax terms passed as part of the One Big, Beautiful Bill.

UPDATE - 11 JULY | Following endorsement from our Small-Business community, as well as passage of the reconciled bill, Speaker Johnson personally thanked NSBA for its support of fighting for America's most important economic community.

NSBA looks forward to continuing its nonpartisan advocacy mission to secure certainty and common sense for Small-Business owners nationwide. Learn more about our impacts, and join this critical cause.

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On July 3, the House of Representatives passed H.R. 1, the One, Big, Beautiful Bill Act (OBBBA), by a vote of 218-214. The next day, President Trump signed the bill into law during a White House Independence Day signing ceremony, bringing an end to deliberations and negotiations dominating attention of lawmakers and stakeholders since the beginning of the 119th Congress.

RELATED | NEWS | HR1 Advances Through Senate with Action for NSBA, Small Business Tax Priority Issues

House Speaker Mike Johnson (R-La.) secured support for the bill in the Lower Chamber following its 51-50 passage out of the Senate on July 1, successfully convincing remaining Representative holdouts to lend support to the final text. Two House Republicans and all Democrats opposed the bill's passage.

Focus will now turn to the Department of Treasury and other relevant federal agencies as they work to issue corresponding regulations concerning implementation of the bill's various provisions.

Follow NSBA as we continue tracking advancements and progress of the bill's effects across the administration and nation.