President Donald Trump signed the much-anticipated and discussed One Big Beautiful Bill Act (OBBBA) into law on July 4, 2025. As President Barack Obama famously said, “Elections have consequences,” and when American voters sweep one party into control of the House, the Senate, and the White House, society-changing legislation usually results. Examples include the Patient Protection and Affordable Care Act (PPACA) in 2009 and the Tax Cuts and Jobs Act (TCJA) in 2017.

Your feelings on the legislation are likely highly flavored by your political views, but the truth is that most people are affected both positively and negatively by such extensive legislative change. In this post, we’ll outline the ways in which a typical white coat investor will be affected. Jim wrote the majority of the post, but Andrew Paulson, of StudentLoanAdvice.com fame who knows more about managing physician student loans than anybody in the country, wrote the