On July 4, 2025, President Trump signed The One Big Beautiful Bill into law, which includes multiple NAR-championed provisions designed to support homeownership, drive investment in housing supply, and strengthen the real estate economy—a sector that accounts for nearly one-fifth of the nation's GDP.
Check out the Advocacy section of this page to learn about the top five legislative priorities secured by NAR in the final package and additional real estate wins included in the bill.
The House passed the One Big Beautiful Bill Act by a vote of 218 - 214 on July 3, 2025, and President Trump signed the bill into law on July 4, 2025. The National Association of REALTORS® supported the passage of the sweeping tax reform legislation that delivers significant victories for homeowners, consumers, real estate professionals, and the broader U.S. economy. Get an in-depth analysis of the bill.
The bill also introduces a new “baby bonds” program—a one-time $1,000 government investment for each child born after the law’s enactment. Once matured, these bonds can help future generations build wealth, including saving for a first home.
NAR will be providing ongoing updates and guidance to members as well as working with Congress and the Administration to address additional concerns through future legislation and rulemaking. REALTORS® will need to continue to be engaged in the process.
In the final weeks, original polling commissioned by NAR showed overwhelming public support for the bill’s real estate provisions:
Federal Taxation Committee
Current Legislation/Regulation
H.R. 1 - One Big Beautiful Bill Act (Public Law)
In-Depth
Issue Summary: State & Local Tax Deductions
Letters to Congress: State & Local Tax Deductions
Letters to Congress: Tax Reform
Letters and Comments to Federal Agencies: Tax Reform
Congressional Testimonies: Tax Reform
Legislative Contact(s):
Evan Liddiard
eliddiard@nar.realtor
202-383-1083
Regulatory Contact(s):
Evan Liddiard
eliddiard@nar.realtor
202-383-1083
