Following the House of Representatives’ passage of the wide-ranging reconciliation bill—dubbed the “One Big Beautiful Bill”—on May 22, 2025, attention now turns to the Senate. The legislation includes proposed changes to federal tax structures, healthcare, and higher education policy and was advanced through the budget reconciliation process, allowing it to pass with a simple majority.
Now, the Senate will begin its formal review. While the reconciliation process permits passage with just 51 votes, lawmakers have already signaled potential revisions. Several members of the Senate have raised questions about the bill’s long-term fiscal impact and specific provisions tied to healthcare and education funding. However, both chambers have entered a scheduled Memorial Day recess, with the Senate and House not expected to reconvene until early June. This pause is expected to briefly delay further legislative action as lawmakers return to their home states for constituent engagement.
Once back in session, debate and negotiations are likely to continue as Senate leadership works toward a target of finalizing the bill before July 4, 2025—timed to address broader federal budget considerations.
If the Senate approves a version that differs from the House’s, the two chambers will need to reconcile those differences through either a conference committee or an exchange of amendments. Once a final version is agreed upon, it must be passed by both chambers before being sent to the President for signature.
At McClintock & Associates, we’re actively tracking the reconciliation bill and its potential implications for Title IV programs, institutional accountability, and financial aid operations heading into the 2025–26 award year. While the legislative process remains in motion, now is the time for institutions to start evaluating how key provisions could affect compliance and planning efforts.
As additional details become available, we remain committed to providing timely, practical insights to help institutions prepare with clarity and confidence.
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