24H｜Geo Group Shares Jumped 9% On The Potential Benefit From Big Beautiful Bill

TigerJul 7, 2025 12:10 AM

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Geo Group shares jumped 9% on the potential benefit from Big Beautiful Bill.

More than $45 billion in the “big, beautiful bill” that President Trump signed Friday is earmarked for Immigration and Customs Enforcement (ICE) detention space, which officials say will add up tens of thousands of beds for migrants being held in federal custody.

An estimated $170 billion of the bill has been designated for immigration enforcement as the Trump administration has promised to orchestrate the largest mass deportation effort in American history. But the funding that has been devoted to ICE detention space in the final bill. passed by the House on Thursday, is more than the government spent on housing migrants during the Obama, Biden and first Trump administrations combined, The Washington Post reported.

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