This past week, on 1 December, the Senate voted 51-49 to advance its version of U.S. tax reform legislation. This sets the stage for a conference committee process to occur over the next two weeks, in which the Senate and House of Representatives (which passed its own version of tax reform on 16 November) resolve the differences between their respective bills and report a conference bill to be voted on one last time by the full House and Senate. Assuming (as we expect) the final House-Senate agreed legislation passes both the House and Senate, it will be sent to the White House for the president's signature and be signed into law before Christmas.
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