On Friday, July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act, making permanent many of the tax provisions enacted under the 2017 Tax Cuts and Jobs Act (TCJA). An initial draft of the legislation was passed by the U.S. House of Representatives on May 22, 2025 (the Original House Bill). Winston & Strawn’s prior alert regarding key provisions of the Original House Bill can be found here. A revised version of the Original House Bill (the Final Bill) was passed by the U.S. Senate on July 1, 2025, and after overcoming opposition from certain members of the Republican Party, the House voted on July 3, 2025, along party lines, to send the Final Bill to President Trump for signature.

Sofia Arguello attended the 2025 Antitrust in the Americas Conference. The conference explored the latest in competition, data privacy, and consumer protection across the Americas. It featured in-depth panels on the most pressing competition enforcement and policy issues shaping markets in the region, with insights from top government enforcers, corporate counsel, and leading practitioners.