On Dec. 22, President Donald Trump signed into law H.R. 1, the Tax Cuts and Jobs Act, P.L. 115-97, which implements tax reform to lower the after-tax cost of security and fire protection systems for small- and medium-sized businesses.
In a May 2017 letter to its customers, Tyco announced that over the coming months it would be transitioning the brand identity of its Tyco business units, including the fire alarm, suppression, security and healthcare communications businesses of Tyco SimplexGrinnell, to Johnson Controls.