How the “One Big Beautiful Bill” Rewrites Real Estate, Energy, and Infrastructure Timing When the One Big Beautiful Bill Act (H.R. 1) became law in mid-2025, it was sold as a simple tax extension. In practice, it marked the next phase of America’s regulatory supercycle —a decade-long series of mega-bills that keep rewiring how money, permits, and power flow through the built environment. A New Federal Baseline H.R. 1 made the 2017 tax cuts permanent, restored 100 percent bon
