Trump Administration Resource Hub: Legal and Business Insights 

From executive orders to congressional action to new political norms, Foley & Lardner’s Trump Administration Resource Hub is your go-to source for all things related to the federal administration.   

Presidential Administration Insights

The One Big Beautiful Bill and Workplace Immigration Enforcement – The “One Big Beautiful Bill Act,” signed into law by President Trump on July 4, 2025, will fund government efforts to continue to vigorously enforce the immigration laws. Companies in the manufacturing, health care, hospitality, construction, and agriculture sectors should take notice of the significant new spending allocated to immigration enforcement and should take specific steps now to evaluate and address their increased legal exposure. Continue reading

One Big Beautiful Bill: Slashed Budgets Will Disrupt the Medicaid Program – The new federal budget law, the One Big Beautiful Bill Act, enacted on July 4, 2025, makes dramatic changes to the Medicaid program. Health care providers, plans, patients, and other stakeholders that work with Medicaid populations should prepare for these changes. Continue reading

Changes to the College and University Endowment Tax – The One Big Beautiful Bill Act modifies the excise tax on net investment income of private colleges and universities under Internal Revenue Code Section 4968. The bill replaces the previous flat 1.4% excise tax (which applied to the net investment income of certain private higher education institutions) to a tiered tax structure. Continue reading

Surprises Await Employers in One Big Beautiful Bill – As has been widely reported in the general media, on July 4, 2025, in a White House ceremony that included a flyover by B-2 Stealth Bomber, President Donald Trump signed into law HR1, which is officially known as the One Big Beautiful Bill Act. It is a massive, 870 pages-long budget appropriation and immigration and tax reform measure that will have broad impact on America in the years to come. There are two key provisions which will have an immediate impact of the HR function. Continue reading

Trump Administration Passes the One Big Beautiful Bill Act – On July 4, 2025, President Trump signed H.R. 1—referred to as the One Big Beautiful Bill Act (OBBBA). The OBBBA extends and makes permanent certain provisions in the 2017 Tax Cuts and Jobs Act that were set to expire in 2025 and adds new tax measures. Continue reading

One Big Beautiful Bill Act – Tax Considerations for Investment Funds – On July 4, 2025, President Donald Trump signed into law extensive tax legislation as part of the One Big Beautiful Bill Act (OBBBA) that will impact the investment fund industry. Perhaps one of the most important aspects of the OBBBA is not what it changes but rather what remains unchanged. Continue reading

ITC and PTC Changes Under the Big Beautiful Bill Act – The Big Beautiful Bill Act made a number of changes to the clean electricity production credit under Section 45Y of the Internal Revenue Code, the clean electricity investment credit under Section 48E of the Internal Revenue Code, and other renewable energy tax credits. Continue reading

The One Big Beautiful Bill Act (OBBBA) Expands and Modifies Opportunity Zones – The opportunity zones tax incentive was enacted in 2017 as a part of the Tax Cuts and Jobs Act to increase long-term investment in “qualified opportunity zones”, which are population census tracts in “low-income communities” and certain tracts contiguous with low-income communities nominated by state governors and certified by the U.S. Department of Treasury. Census tracts were designated in all 50 states and Puerto Rico—these designations were set to expire at the end of 2028. Continue reading

One Big Beautiful Bill Act Permanently Increases the Lifetime Estate, Gift and GST Tax Exclusion – On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBBA).  The OBBBA extended and may permanent many key provisions of the 2017 Tax Cuts and Jobs Act, including the Lifetime Estate, Gift, and GST Tax Exclusion.  Continue reading

One Big Beautiful Bill Updates to Qualified Small Business Stock Rules under Section 1202 – As part of the newly enacted One Big Beautiful Bill Act, Congress adopted the first substantive amendments to Section 1202–which prescribes the qualified small business stock rules–in over a decade. Continue reading

Trump Accounts: The New Child Savings Account Established Under the One Big Beautiful Bill Act – On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBBA). The OBBBA established a new type of tax-advantaged savings account for minors, known as “Trump Accounts.” Continue reading

What’s the Future for Renewable Energy Tax Credits in Congress? – The One Big Beautiful Bill Act has a significant impact on the renewable energy sector, particularly with changes in the phase-out schedules for wind and solar projects under Section 45Y and 48E, as well as the nuances between the “beginning of construction” and “placed in service” language. Continue reading

The HDHP Telehealth Safe Harbor Returns – For Good This Time – President Trump signed into law the One Big Beautiful Bill Act (OBBBA) on July 4, 2025. The telehealth safe harbor, which allowed first dollar coverage of telehealth services without impacting Health Savings Account eligibility for High Deductible Health Plan members during the COVID-19 pandemic, has returned in the OBBBA. Continue reading

Keep informed with confidence

The presidential administration has wide-reaching impacts, including on tariffs and trade, on the geopolitical landscape, and on key policy and regulatory changes. Our experienced teams across public affairs, international trade, cybersecurity, and more are ready to help you navigate these changes. Contact us today to ensure your organization is prepared for whatever comes next.