Trump Signs Signature Policy Bill On His July 4 Deadline

NewsTrump Signs Signature Policy Bill On His July 4 DeadlineByZachary Folk, Forbes Staff andAntonio Pequeño IV, Forbes Staff

President Donald Trump bangs a gavel presented to him by House Speaker Mike Johnson of La. , after he

All rights reservedKey FactsTrump signed the bill in ceremony at the White House Friday where he also honored the U

Military pilots who flew the B-2 bombers that struck the Iranian nu facility last month

The bill is estimated to slash federal Medicaid spending by over $1 trillion, according to the nonpartisan Congressional Budget Office, cutting down on spending through new requirements and rules for recipients and viders

Student loans will also be shaken up by the bill, with the majority of repayment plans being axed for new loans, and new restrictions on federal student loans that may force more students to rely on private loan viders, which do not offer forgiveness grams and usually have higher interest rates

House Speaker Mike Johnson, R-La. , took a victory lap after Jeffries’ marathon speech and just before the final vote, praising the bill’s tax cuts and funding for border security, and personally thanked Trump and Vice President JD Vance for helping steward the bill through Congress

Republicans advanced the bill with a cedural vote around 3:30 a

EDT on Thursday morning, after multiple conservative holdouts fell in line with their party amid pressure from Trump, who wrote “FOR REPUBLICANS, THIS SHOULD BE AN EASY YES VOTE” in a late-night Truth Social post

Now that both chambers of Congress have apved the bill, it goes to the president’s desk for Trump to sign into law

White House press secretary Karoline Leavitt announced a bill signing ceremony would take place at 5 p

EDT on the Fourth of July

Trump took an early victory lap Thursday morning as Jeffries passed five hours of speaking, writing on Truth Social “What a great night it was

One of the most consequential Bills ever

The USA is the ‘HOTTEST’ Country in the World, by far. ”Which Republicans Voted Against The Bill

Brian Fitzpatrick, R-Pa

Thomas Massie, R-Ky. , were the two Republicans who voted against the bill’s final passage

Fitzpatrick, who represents a crucial swing district in the Philadelphia suburbs, was the only Republican to side with Democrats during a cedural vote Thursday morning

In a statement published shortly after the bill passed, Fitzpatrick said he took issue with the bill’s apach to Medicaid, slamming changes that were made in the Senate. “The original House language was written in a way that tected our community; the Senate amendments fell short of our standard,” Fitzpatrick wrote

Massie, a member of the House Freedom Caucus who Trump previously threatened with a primary challenge, was the only one of the bill’s hardline conservative critics to vote against it

At a press conference after the vote, Johnson said Trump helped rally votes for the megabill. “President Trump was so generous with his time answering questions himself

Vice President JD Vance was directly engaged,” Johnson said. “We had Cabinet secretaries and a number of different federal agencies answering questions from members. ” The Speaker gave few details specific mises made to House members, despite many conservatives Rep

Chip Roy, R-Texas, criticizing the Senate bill only a day earlier. “I don’t think they exacted a lot of specific commitments or concessions or anything that,” Johnson said, later adding “a lot of the discussions were what executive orders will be forthcoming as it relates to the new legislation and how can we be involved as a house to codify that and do all that in a coordinated fashion. ” What Did Jeffries Speak

Jeffries began speaking using his “magic minute” just before 5 a

On Thursday morning, and spent 8 hours and 44 minutes sharing testimonies from Americans struggling with losing Medicaid and SNAP coverage

Members of the Democratic caucus cheered and chanted “Hakeem. ” after he his 8 hour and 44 minute speech, a record set by former House Speaker Kevin McCarthy, R-Calif

Jeffries directed his criticism at Republicans, whom he said “had the nerve to start this debate at 3:28 am in the middle of the night

But we made that we were going to expose all of the things being done to harm the American people

Not in the dark of night, but in the light of day. ” Jeffries yielded the floor to the Republicans just before 1:40 p

Johnson used his time to highlight key policy victories, insisting “this bill is for hardworking Americans, and they deserve it. ” But he also took the opportunity to take shots at Jeffries’ delay tactics: “It takes a lot longer to build a lie than to tell the simple truth,” Johnson said

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