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Key Highlights of the Final One Big Beautiful Bill Act
The Senate July 1, and the House July 2, passed a budget reconciliation bill, the One Big Beautiful Bill Act (OBBBA), H.R. 1, a sweeping package that enacts many of President Trump’s legislative priorities on taxes, border security, energy and deficit reduction. The bill includes significant policy changes to Medicaid and the Health Insurance Marketplaces.
NIH to Significantly Reduce Funding for Indirect Cost Rates for Grants
The National Institutes of Health (NIH) late Feb. 7 issued supplemental guidance that updates negotiated indirect cost rates for new and existing NIH grants. Specifically, the agency will apply a straight 15% indirect cost rate across all new and existing grant awards.