The “One Big Beautiful Bill Act” represents a sweeping overhaul of U.S. energy policy, aimed at reshaping the federal

President Trump's signature activates sweeping changes to sections 45Y, 48E and other IRA incentives Authored by Baker Tilly's Jiyoon Choi, Beckett Woodworth The "One Big Beautiful Bill"

The new law largely hampers the ability of renewable energy projects to qualify for tax incentives as specified in the Inflation Reduction Act (IRA).

Republicans' "big, beautiful bill" reinstated lower royalty rates for energy production, requires regular oil lease sales and phases out electric vehicle and clean energy tax credits

To pay for the tax breaks, the bill sunsets clean energy tax credits put in place by the Inflation Reduction Act.

Trump’s legislation will hurt clean energy, boost fossil fuels and end investment in environmental justice. Climate advocates vow to continue the fight.

The One Big Beautiful Bill Act (OBBBA), signed into law by President Donald Trump over the July 4, 2025, weekend, is a sweeping multitrillion-dollar package that blends tax cuts with significant spending reductions and changes to the social safety net.

The One Big Beautiful Bill Act was signed into law with revisions to key mining policies. While the legislation boosts stockpile funding and tightens restrictions on Chinese entities, it lacks a clear demand-side strategy,