Fri Jul 04 11:48:01 UTC 2025: Okay, here’s a summary and a news article based on the provided text, written from an Indian perspective, suitable for “The View From India” section of *The Hindu*:

**Summary:**

The US Congress has passed the “One Big Beautiful Bill,” a sweeping piece of legislation encompassing tax cuts, social program changes, and increased federal enforcement. The bill passed with razor-thin margins in both the House and Senate, highlighting the deep partisan divisions in American politics. President Trump is expected to sign it into law on July 4th. Key impacts for India include a new remittance tax, which will likely affect the Indian-American community sending money home, and a federal moratorium on individual states enacting AI regulations. The bill’s implementation will be phased in over several years, with federal agencies issuing guidance in the coming months.

**News Article:**

**US Congress Passes “One Big Beautiful Bill” Amidst Partisan Divide: Key Implications for Indian Diaspora, Global AI Regulation**

**Washington D.C., July 4, 2025** – In a fiercely contested vote that underscores the stark political polarization within the United States, the “One Big Beautiful Bill” was narrowly approved by the US Congress yesterday. The bill, championed by President Donald Trump, is poised to become law with his expected signature today, July 4th.

The legislation, a 900-page package covering a wide range of issues, has drawn criticism and celebration along party lines. While supporters hail it as a boost to the US economy and security, critics warn of its potential negative impacts on social programs and state autonomy.

From an Indian perspective, two key provisions stand out. Firstly, the bill introduces a 1% remittance tax on outbound money transfers not conducted through banks. This measure is expected to disproportionately affect the Indian-American community, a significant number of whom rely on money orders and other informal channels to send funds to family in India. The potential impact on remittances flowing to India is a cause for concern.

Secondly, the “One Big Beautiful Bill” includes a ten-year moratorium on individual US states enacting AI-related legislation. This federal preemption of state-level regulation of artificial intelligence carries global implications. Given the rapid development and deployment of AI technologies, this provision could lead to a more laissez-faire approach to AI regulation in the US, potentially influencing global standards and norms. India, a growing power in the AI landscape, will be closely watching developments related to this clause.

The bill’s passage was marked by dramatic moments, including a near nine-hour speech by Democratic Minority Leader Hakeem Jeffries who attempted to delay the process. Ultimately, however, Republican control of both the House and Senate, along with Vice President Vance’s tie-breaking vote in the Senate, ensured its approval.

President Trump celebrated the victory on social media, declaring it “One of the most consequential Bills ever. The USA is the ‘HOTTEST’ Country in the World, by far!!!”

The bill’s implementation, expected to begin in January 2026, will be overseen by various federal agencies, including the Treasury Department and the Department of Homeland Security. As the details of the new law become clearer, its long-term effects on the US economy, global affairs, and the Indian diaspora will be closely analyzed.

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