Senate Republicans will try to put the final touches on their version of the One Big Beautiful Bill during a work week shortened by the Juneteenth holiday, while trade discussions are expected to be on the agenda as President Donald Trump and Treasury Scott Bessent attend the G7 meeting this week in the Canadian Rockies. 

The Senate Finance Committee's GOP staff has yet to release the biggest piece of the budget reconciliation bill, which will include its tax and Medicaid provisions. Republicans are under pressure to get the bill passed. The full Senate is highly unlikely to consider the legislation during his holiday-shortened week, and the chamber will only have the week of June 23 to consider the bill before the July 4 recess. 

“This is going to be very much about middle-income taxpayers,” Senate Majority Leader John Thune, R-S.D., told Fox News Sunday. “If we don’t act, at the end of the year, there will be a $2.6 trillion tax increase on families making less than $400,000 a year and a $600 billion tax increase on small businesses.”

Sen. Roger Marshall, R-Kan., said on Thursday he expects the Finance Committee to include an extension of the 45Z tax credit for clean fuel producers similar to what's in the House version. 

The House reconciliation bill includes an extension of the credit through 2031; it is currently scheduled to sunset in 2027. It also includes provisions that would incentivize North American grown feedstocks and excludes emissions associated with indirect land use change from being used in calculating eligibility for the credit. 

Senate Ag Republicans released their portion of the bill last week. Their provisions would provide $67 billion in new spending for farm programs, paid for by a $211 billion cut in projected spending for the Supplemental Nutrition Assistance Program. The net spending reduction of $144 billion would be well short of the $238 billion included in the House version. 

Senate Ag Chairman John Boozman, R-Ark., has won over some of his colleagues by scaling back the new state cost-share requirement for SNAP.

Sen. Jim Justice, R-W.Va., who was previously critical of the House’s state cost-share proposal, said he backed the Senate version. “I do believe the states are going to have to participate at some level. I'm not opposed to that, because really and truly, we should participate at some level. But we've got to be careful that we don't put so much of a burden on the states that we get them in trouble," Justice said.

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But Sen. Adam Schiff, D-Calif., said the cuts to SNAP included in the Senate Agriculture Reconciliation proposal would be “devastating” to California. “A lot of families that will go hungry, a lot of kids at school that won’t get a school lunch, a lot of farmers that provide food to the SNAP program,” Schiff said.

California is one of several states where counties handle a portion, if not all of the administrative costs for SNAP. While the Senate proposal scaled back the benefit cost-share, it maintains a 50% increase in administrative costs for states. 

The annual G7 meeting will be held in the resort town of Kananaskis, Alberta, where the summit sidelines will provide ample opportunities for tete-a-tetes between global leaders and senior officials to advance trade discussions as U.S. partners aim to avert tariff hikes slated for next month.

Leaders from the G7 countries – Canada, the U.S., France, Italy, Japan, Germany and Britain – will attend, as will heads of state from several other countries at Canada’s invitation, including India and Australia.

Bessent told the House Ways and Means Committee last week that he will accompany Trump to the three-day summit and expects both will meet with Canadian Prime Minister Mark Carney.

Imports from Canada not covered by a North American trade pact are currently subject to 25% duties. But both sides have reported recent headway in ongoing trade talks.

“The new Canadian government has made very good progress righting some mistakes made by the previous leadership,” Bessent told the lawmakers. “I think we are on a more sustainable path.”

In comments to Radio-Canada last week, Carney dashed any hopes that a deal will be ready for the G7 summit, but said the forum and a bilateral meeting with Trump would be “important” for advancing discussions.

Similarly, Japan’s top negotiator Ryosei Akazawa has also cited progress from recent bilateral trade discussions with U.S. officials, and India’s Foreign Minister Subrahmanyam Jaishankar said during a European visit last week that he is hopeful India can secure a deal before July 9 – the deadline for Trump’s 90-day reciprocal tariff pause.

European Commission President Ursula von der Leyen is also attending the summit, but the European Union remains a long way off from a potential tariff deal, according to Commerce Secretary Howard Lutnick.

Lutnick told CNBC on Wednesday that an EU deal would likely be at the “very end” of the queue due to what he described as “more than thorny” discussions with EU officials.

The Trump administration has rolled out just one trade framework with the United Kingdom since the president outlined his plans to impose steep new duties on countries. Senior officials continue to insist more pacts will follow in the coming weeks.

The chairman of the Ways and Means subcommittee on trade, Adrian Smith, R-Neb., stressed to Agri-Pulse the need for the administration to come away from discussions with greater market access opportunities.

“It is important that, I think, on trade policy we have something in place for the private sector to utilize for economic growth,” Smith said. U.S agriculture sees “the need for trade deals to commence for a more level playing field,” he added, particularly through deals that address non-tariff. barriers like sanitary and phytosanitary measures.

“It's my understanding that that is a large part of the discussion,” Smith said.

Here is a list of agriculture or rural-related events scheduled for this week in Washington and elsewhere (all times EDT):

Monday, June 16

Agriculture Transportation Coalition hosts annual meeting through Thursday, Tacoma, Washington. 

Biotechnology Innovation Organization international convention, Boston, Massachusetts. 

4 p.m. – USDA releases Crop Progress report.

Tuesday, June 17

3 p.m. – U.S. Farmers and Ranchers in Action webinar on the challenges and opportunities for animal protein production identified in the “Potential for U.S. Agriculture to Be Greenhouse Gas Negative” report. 

6 p.m. – D.C. Women in Agriculture (Waggies) host summer happy hour, Washington. 

Wednesday, June 18 

Partnership for a Healthier America and the Global Food Institute at the George Washington University host the Good Food for All Summit, George Washington University Student Center

10 a.m. – Senate Energy and Natural Resources Committee hearing with Energy Secretary Chris Wright, 366 Dirksen. 

10 a.m. – Senate Commerce, Science, and Transportation subcommittee hearing, “On the Right Track: Modernizing America’s Rail Network,” 253 Russell. 

Thursday, June 19

Juneteenth, federal holiday.  

National Agricultural Law Center forum, Western Water, Ag and Environmental Law Conference, Reno, Nevada. 

Friday, June 20 

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