FAIRBANKS, Alaska - The measure passed the senate this morning by a vote of 51 to 49.
The vote was nearly split down party lines, with only Republican Senator Bob Corker of Tennessee siding with Democrats against the bill.
Both of Alaska's Senators, Lisa Murkowski and Dan Sullivan, voted in favor of the bill.
One major aspect of the bill that affects Alaska is the potential to open part of the Arctic National Wildlife Refuge to oil and gas development.
Sen. Dan Sullivan; (R) Alaska >> "But we had a really historic milestone in addition to reform, as part of the tax reform; we had a real strong vote to open ANWR. Now we're not there yet, but this is was a huge, huge vote tonight in the Senate. Very exciting, something we've been trying to do for 40 years, and we're very, very close now. So, I think we have a lot of good things going on in D.C., but the ANWR tonight I think is going to be viewed as historic. I hope someday; and uh, we're going to keep pressing and working hard to make it happen."