The ILTA’s senior director of government affairs, Jay Cruz, examines Trump’s BBB and its impact on the bulk liquid terminals industry
On July 4, 2025, after months of debate and negotiation, US President Donald Trump signed the keystone budgetary bill for his second administration. Dubbed ‘The One Big Beautiful Bill’ (BBB), H.R. 1 will have a profound impact both on fossil fuel and clean alternative fuel manufacturing, storage, and utilization well into the future.
The enactment of the BBB represents one of the most significant shifts in US energy policy since the Inflation Reduction Act (IRA) of 2022. While the IRA accelerated investment in renewables, electric vehicles, and clean liquid fuels through tax credits and grants, the Big Beautiful Bill reverses this trajectory, cutting or reshaping many clean energy incentives while strongly encouraging oil, gas, and coal production.
In the middle of these changes to fiscal policy and at the core of the liquid energy supply chain sit terminal companies. Bulk liquid terminals are specialized facilities designed to store and handle large volumes of liquid products, from crude oil, gasoline, diesel, and jet fuel to...
ILTA: Trump’s One Big Beautiful Bill
