Here's a look at the main components of the bill and how the changes could affect tax cuts, Medicaid, food stamps, offshore oil, energy and more in Louisiana.

The One Big Beautiful Bill Act extends Trump's expiring tax cuts and adds new deductions for middle-class Americans, including relief for tipped workers, overtime pay and retirees.

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and overtime pay, and addresses other tax priorities of the Trump administration.