Senate Finance Panel Releases Its Budget Plan—Here’s What’s Inside

The committee’s revisions to the One Big Beautiful Bill Act cover many of the biggest agenda items in the legislation.
Senate Finance Panel Releases Its Budget Plan—Here’s What’s Inside
Senate Finance Committee Chairman Mike Crapo (L) and Treasury Secretary Scott Bessent (R) arrive for a hearing on Capitol Hill on June 12, 2025. Andrew Harnik/Getty Images
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The Senate Finance Committee on June 16 released a revised draft of its section of the One Big Beautiful Bill Act to implement President Donald Trump’s agenda.

The committee text covers most of the biggest agenda items in the legislation, including the federal debt ceiling, energy and tax credits, and other budget items. Its release comes as the rest of the Senate continues to work on revisions to the House-passed legislation.