Senate makes changes to the “Big, Beautiful Bill"; Speaker Mike Johnson ready for return to Washington

Time is running out for Congress to finalize the reconciliation package, otherwise known as President Trump’s “Big, Beautiful Bill,” which still rests with the Senate. There was debate over the weekend, with some key changes impacting farmers and rural communities.

One of the changes includes the 45Z tax credit. Like the House version, the Senate plan limits those feedstocks to those grown in North America, and it also reduces the credit extension to two years. There is also support for rural health care in their bill.

Senate lawmakers are aiming to create a $25 billion fund for rural hospitals. States would have to develop plans for expanding rural hospitals in their state in order to get a share of that pot.

More debate is expected today in the Senate, but over in the House, Speaker Mike Johnson has told his team to be ready to return to Washington.

“So, if the Senate does its work on the timeline we expect, we will do our work as well. And I think everybody’s ready for that. We worked out the final details. They would get that passed, maybe by Friday, Saturday, and I’ve told our members - we’ve just had the big Republican conference meeting, the weekly meeting - and I’ve said keep your schedules flexible.”

The Senate parliamentarian has struck down some provisions in recent days, leaving lawmakers to find workarounds. Congress has given itself a Friday deadline, just in time for Independence Day. President Trump has said lawmakers should delay their vacations until the bill lands on his desk.

Related Stories
Farm CPA Paul Neiffer explains the updates to crop insurance subsidies, additional benefits for new farmers, and eligibility considerations for those entering the program.
Farm CPA Paul Nieffer explains the Farmer Bridge Assistance payment limits, provides clarity on new legislation, and offers advice for producers considering business structure adjustments.
Restored base acres strengthen cotton risk protection.
RFD NEWS correspondent Frank McCaffrey spoke with U.S. Congressmen Henry Cuellar (D-TX) and John Rose (R-TN), who say bipartisan cooperation will be key to getting the Farm Bill to the president’s desk.
The House Agriculture Committee is set to debate a new, “skinny” Farm Bill at the end of February, according to a release from Committee Chairman Rep. Glenn “GT” Thompson.
The biggest development of 2025 in agricultural law and taxation was the signing into law on July 4 of the Trump Administration’s landmark legislation, the “One Big Beautiful Bill” Act (OBBBA)

LATEST STORIES BY THIS AUTHOR:

American Coalition for Ethanol’s Ron Lamberty shares the significance of California’s approval, opening up the country’s largest gasoline market to a cleaner-burning, often lower-cost fuel option.
Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
University of Illinois Ag Economist Gary Schnitker says early projections indicate soybeans will be more profitable than corn in 2026.
Evan Keppy, a member of Iowa’s North Scott FFA Chapter, shares how the National FFA Organization helped shape his leadership skills.
Farm CPA Paul Neiffer joins us to provide an updated analysis of projected ARC and PLC payments and potential delays due to the ongoing government shutdown.
Approximately 42,000 birds were affected in the outbreak, officials said.