Core Viewpoint - The "Big and Beautiful Act" is set to be signed, which includes significant cuts to green subsidies granted under the Inflation Reduction Act (IRA), posing a severe threat to the U.S. clean energy industry [1] Summary by Relevant Categories Legislative Changes - The U.S. Congress passed the "Big and Beautiful Act" with a narrow margin, which is expected to become law before July 4 [1] - The act includes a substantial reduction in green subsidies that were initially part of the IRA [1] Impact on Clean Energy Industry - The solar and wind energy sectors will face the most severe impacts due to the new regulations [1] - Investment and production tax credits will begin to phase out by the end of 2027, whereas the original IRA plan had these measures lasting until at least 2032 [1]