Republican majorities in both chambers have used the reconciliation process twice since 2025 to advance priority legislation on taxes, immigration enforcement, and safety-net adjustments via simple-majority votes, bypassing the Senate filibuster. The House passed the initial “One Big Beautiful Bill Act” in May 2025 and a follow-on package in June 2026 that directed roughly $70 billion to ICE and CBP; both cleared on narrow party-line margins before becoming law. In mid-July 2026 the House Budget Committee advanced a new budget resolution authorizing a potential third package that could include additional defense funding, border measures, and offsetting reductions. Passage of any subsequent reconciliation bill remains contingent on timely adoption of the budget resolution, committee markups, and unified Republican support amid narrow margins and competing priorities before the end of the session. Historical patterns show reconciliation bills can move quickly once instructions are set, yet procedural delays or internal divisions over offsets could alter timing. Traders weigh these legislative mechanics and the current budget calendar when assessing the probability of House action by the market’s specified deadline.