This briefing provides a high-level overview of certain provisions in the “One Big Beautiful Bill Act,” or the “reconciliation package,” that may pertain to PRI signatories. 

The reconciliation package was signed into law on 4 July 2025. The bill makes broad changes to federal tax and spending priorities including adjustments to business and international tax rules, modifications to energy incentives, and changes to social safety net programs.

The intended audience for this document is PRI signatories who want to better understand certain provisions in the reconciliation package that could be relevant to them.

For any questions regarding the application of this law to your practices, readers should consult their legal counsel.

Download the briefing below.

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