House passes Tax Cuts and Jobs Act conference agreement - KPMG Global
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House passes “Tax Cuts and Jobs Act” conference agreement

House passes Tax Cuts and Jobs Act conference agreement

The U.S. House of Representatives today passed, 227 to 203,* the conference report to H.R. 1, “the Tax Cuts and Jobs Act.” The conference report is the compromise bill, blending elements of both the previously passed House and Senate versions of the tax reform bill.


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*12 House Republicans voted against the bill.


The House vote today moves the legislation one step closer to enactment. There are reports that the Senate could vote on the conference report as early as today, Tuesday, December 19.

Assuming the Senate passes the conference report, the bill would then be prepared to be sent to the White House for action by the president. The bill would first need to be “enrolled”—a process by which a final copy of the bill, having passed both chambers of Congress, is printed on parchment paper, signed by the appropriate House and Senate officials, and submitted to the president for signature. 


Read KPMG’s initial analysis and observations about the conference report to H.R. 1: Conference agreement for H.R. 1, Tax Cuts and Jobs Act - Initial observations [PDF 1.1 MB]

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