According to BlockBeats, U.S. President Donald Trump signed the 'One Big Beautiful Bill' into law on July 4, local time. The legislation, which passed the U.S. House of Representatives on July 3 with a narrow vote of 218 to 214, has sparked significant debate due to its implications. Critics argue that the act will lead to reductions in federal aid, an increase in long-term debt, and tax cuts for wealthy individuals and large corporations. Notably, two Republican representatives voted against the bill during the House session. The Senate had already approved the act on July 1.