An act to provide for reconciliation pursuant to title II of H. Con. Res. 14.

This subtitle significantly alters the Supplemental Nutrition Assistance Program (SNAP). It re-evaluates the Thrifty Food Plan, standardizes work requirements for able-bodied adults (including new exceptions and waivers for noncontiguous states), restricts the use of internet expenses for shelter deductions, modifies state matching funds requirements, and changes administrative cost-sharing. It also tightens alien eligibility for SNAP benefits.

This subtitle updates various agricultural commodity programs. It increases effective reference prices for covered commodities, allocates an additional 30 million base acres to eligible farms, allows producers to elect higher of Price Loss Coverage (PLC) or Agriculture Risk Coverage (ARC) payments for 2025, and extends payment limitations with inflation adjustments. It also modifies the sugar program loan rates and storage, and updates dairy margin coverage production history and payment rates.

This title appropriates over $156 billion for the Department of Defense (DoD) and National Nuclear Security Administration (NNSA) for fiscal year 2025, with funds remaining available until September 30, 2029. It allocates significant funding across various areas including improving quality of life for military personnel, shipbuilding, integrated air and missile defense, munitions and supply chain resiliency, scaling low-cost weapons, improving efficiency and cybersecurity, air superiority, nuclear forces, capabilities for U.S. Indo-Pacific Command, and overall readiness. It also authorizes military construction projects.

This provision amends the Consumer Financial Protection Act of 2010 to reduce the funding cap for the Bureau of Consumer Financial Protection (CFPB) from 12% to 6.5% of the total operating expenses of the Federal Reserve System. This change limits the amount of funding the CFPB can receive from the Federal Reserve, potentially impacting its operational capacity.

This section extends the Federal Communications Commission's (FCC) general auction authority until September 30, 2034, with specific exclusions for certain frequency bands (3.1-3.45 GHz and 7.4-8.4 GHz). It mandates the FCC to grant licenses for at least 300 megahertz of spectrum through competitive bidding before this expiration, including at least 100 megahertz in the 3.98-4.2 GHz band within two years. Additionally, the Assistant Secretary of Commerce for Communications and Information is required to identify 500 megahertz of frequencies in the covered band (1.3-10.5 GHz, with exclusions) for reallocation to non-Federal or shared use, with specific deadlines for identification and subsequent FCC auctions.

This subtitle repeals Inflation Reduction Act provisions related to onshore oil and gas royalty rates and noncompetitive leasing, restoring prior law. It mandates the Secretary of the Interior to immediately resume quarterly onshore oil and gas lease sales in specific states (Wyoming, New Mexico, Colorado, Utah, Montana, North Dakota, Oklahoma, Nevada, Alaska), offering at least 50% of nominated parcels. It also mandates a minimum of 30 region-wide offshore lease sales in the Gulf of Mexico and 6 in the Cook Inlet Planning Area (Alaska) by 2040, with specific timing and royalty rate requirements. It clarifies offshore commingling rules and increases Alaska's share of offshore revenue.

This title rescinds unobligated balances from numerous programs established by the Inflation Reduction Act of 2022 and other legislation, primarily targeting clean energy, climate, and environmental initiatives. This includes funding for clean heavy-duty vehicles, the Greenhouse Gas Reduction Fund, diesel emissions reductions, air pollution programs (including at schools), low emissions electricity, implementation of the American Innovation and Manufacturing Act, enforcement technology, greenhouse gas corporate reporting, environmental product declaration assistance, methane emissions reduction, air pollution plans, EPA reviews, low-embodied carbon labeling, environmental and climate justice block grants, ESA recovery plans, environmental and climate data collection, neighborhood access and equity grants, federal building assistance, low-carbon materials for federal buildings, GSA sustainable technologies, environmental review implementation, and low-carbon transportation materials grants.

This chapter makes permanent and enhances several tax provisions, including reduced individual income tax rates (e.g., 12% and 22% brackets), increased standard deduction amounts (e.g., from $12,000 to $15,750 for single filers), and an increased child tax credit (from $2,000 to $2,200). It also terminates the deduction for personal exemptions (except for a temporary senior deduction), extends and modifies limitations on qualified residence interest and casualty loss deductions, terminates most miscellaneous itemized deductions, and extends/modifies rules for qualified transportation fringe benefits, moving expenses, and wagering losses. The section also enhances ABLE account contributions and savers credits, extends student loan discharge exclusions, and modifies the limitation on state and local tax (SALT) deductions.

This chapter introduces new tax deductions for qualified tips (up to $25,000, phased out by AGI), qualified overtime compensation (up to $12,500 for individuals, $25,000 for joint filers, phased out by AGI), and qualified passenger vehicle loan interest (up to $10,000, phased out by AGI). These deductions are available to non-itemizers. It also establishes 'Trump Accounts,' a pilot program for tax-advantaged savings accounts for individuals under 18, with employer contribution exclusions and a $1,000 federal contribution for eligible children.

This subchapter makes permanent 100% bonus depreciation for certain business property and full expensing for domestic research and experimental (R&E) expenditures. It modifies the limitation on business interest, enhances the paid family and medical leave credit, and provides exceptions from deduction limitations for business meals. It also increases dollar limitations for expensing depreciable business assets, introduces a special depreciation allowance for qualified production property, enhances the advanced manufacturing investment credit, and treats spaceports like airports under exempt facility bond rules.

This subchapter terminates or restricts various clean energy and climate-related tax credits. It ends credits for previously-owned clean vehicles, new clean vehicles, qualified commercial clean vehicles, alternative fuel vehicle refueling property, energy efficient home improvements, and residential clean energy. It also terminates the energy efficient commercial buildings deduction and the new energy efficient home credit. Cost recovery for energy property is eliminated. The zero-emission nuclear power production credit is restricted based on foreign entity involvement, and the clean hydrogen production credit is terminated. Clean electricity production and investment credits are terminated for wind and solar facilities and restricted based on foreign entity involvement and leasing arrangements. The advanced manufacturing production credit is phased out and restricted, and the advanced energy project credit program is restricted from extension.

This section requires states (excluding territories) to implement community engagement requirements as a condition of Medicaid eligibility for certain 'applicable individuals' (generally, non-disabled, non-elderly, non-pregnant adults enrolled through expansion or equivalent waivers). Individuals must demonstrate at least 80 hours per month of work, community service, work programs, or education, or meet certain income thresholds. Exceptions are provided for specified excluded individuals (e.g., parents of young children, disabled individuals, veterans with disabilities, inmates, pregnant women, and certain Native Americans). States must verify compliance and disenroll non-compliant individuals after a 30-day notice period. The provisions cannot be waived under Section 1115.

This section increases the statutory limit on the public debt by $5,000,000,000,000 (five trillion dollars).

This section terminates the eligibility of graduate and professional students for Federal Direct PLUS Loans for periods of instruction beginning on or after July 1, 2026. It establishes new annual and aggregate limits for Federal Direct Unsubsidized Stafford Loans for graduate students ($20,500 annually, $100,000 aggregate) and professional students ($50,000 annually, $200,000 aggregate). It also sets new annual ($20,000) and aggregate ($65,000) limits for Federal Direct PLUS Loans borrowed by parents on behalf of dependent students. A lifetime maximum aggregate loan amount of $257,500 is set for all student loans (excluding parent PLUS loans).

This section mandates that all borrowers with existing income-contingent repayment (ICR) loans transition to either the new 'Repayment Assistance Plan' (RAP), the existing income-based repayment (IBR) plan, or a standard repayment plan by July 1, 2028. It repeals the existing ICR plan authority. A new 'Repayment Assistance Plan' is established, featuring monthly payments based on adjusted gross income (AGI) with specific percentages and deductions for dependents, a minimum payment of $10, and interest subsidies for distressed borrowers. It also includes a 'matching principal payment' for borrowers whose payments are less than $50. Loan balances are canceled after 360 qualifying monthly payments. Loans made on or after July 1, 2026, are restricted to either a standard repayment plan (with tiered durations based on loan amount) or the RAP, with excepted loans (parent PLUS, certain consolidation loans) only eligible for standard repayment.

This subtitle appropriates over $133 billion to the Department of Homeland Security (DHS) for fiscal year 2025 (remaining available until September 30, 2029) to significantly enhance border security and immigration enforcement. Key allocations include $46.55 billion for border infrastructure and wall systems, $12 billion for U.S. Customs and Border Protection (CBP) personnel (hiring, training, bonuses) and facilities, $45 billion for single adult alien detention and family residential center capacity, and $6.168 billion for border security technology and screening. It also provides $2.575 billion for State Homeland Security Grant Programs (including for the 2026 FIFA World Cup, 2028 Olympics, and Operation Stonegarden), $10 billion for a new State Border Security Reinforcement Fund, $300 million for Presidential residence protection, and $10 billion for general DHS border support.

This part establishes numerous new fees and increases existing ones for various immigration-related applications and processes. New fees are introduced for asylum applications ($100 initial), initial employment authorization for asylum applicants ($550 initial), parolees ($550 initial), and Temporary Protected Status (TPS) applicants ($550 initial). A new 'Immigration Parole Fee' ($1,000 initial) is imposed on most paroled aliens, with limited exceptions. A 'Special Immigrant Juvenile Fee' ($250 initial) is created. A 'Visa Integrity Fee' ($250 initial) is imposed on nonimmigrant visa issuances, with potential reimbursement for compliance. A 'Form I-94 Fee' ($24 initial) is established. An 'Annual Asylum Fee' ($100 initial) is required for pending asylum applications. Fees are also established for renewal/extension of employment authorization for parolees ($275 initial), asylum applicants ($275 initial), and TPS aliens ($275 initial). Fees for applications for adjustment of status ($1,500 initial), waivers of inadmissibility ($1,050 initial), TPS ($500 initial), appeals of immigration judge decisions ($900 initial), appeals of DHS officer decisions ($900 initial), motions to reopen/reconsider ($900 initial), suspension of deportation ($600 initial), and cancellation of removal ($600/$1,500 initial) are established or increased. All fees are subject to annual inflation adjustments. Many fees are non-waivable and a significant portion of the proceeds are deposited into the general fund of the Treasury.

This part appropriates over $45 billion for various Department of Justice (DOJ) and Department of Homeland Security (DHS) components for fiscal year 2025 (remaining available through September 30, 2029) to bolster immigration and law enforcement activities. Key allocations include $2.055 billion for DHS immigration and enforcement, $29.85 billion for U.S. Immigration and Customs Enforcement (ICE) (hiring, training, bonuses, transportation, IT, facility upgrades, family unity, 287(g) agreements, Victims of Immigration Crime Engagement Office, legal advisors), $750 million for Federal Law Enforcement Training Centers (FLETC), $3.33 billion for DOJ (immigration judges, drug trafficking, prosecution of immigration crimes, nonparty relief, Edward Byrne Memorial Justice Assistance Grant Program, fiscally responsible lawsuit settlements, compensation for incarceration of criminal aliens), $3.5 billion for the new 'Bridging Immigration-related Deficits Experienced Nationwide (BIDEN) Reimbursement Fund' for state/local law enforcement, $5 billion for the Bureau of Prisons (BOP) (salaries, facilities), and $1.17 billion for the U.S. Secret Service (personnel, bonuses).