All eyes are on the Senate to pass the reconciliation tax and spending package after the House passed its version by a vote of 215–214. The so-called big, beautiful bill is aimed at making 2017 tax cuts permanent and includes provisions related to energy, health care, and other economic issues. It is a budget reconciliation bill which is designed to fast-track policy and avoid higher vote thresholds for passage. Several provisions have important US-China trade implications.