07.15.26 - What we know about reconciliation 3.0

The Republican-controlled House of Representatives has teed up another run at reconciliation, the process that allows Congress to pass certain legislation with a party-line vote. Recall that the GOP-controlled Congress already has two reconciliation bills under its belt: last summer’s so-called One Big Beautiful Bill Act , and June’s narrower package that funneled an extra $70 billion to the…