The OPTN's simultaneous liver‐kidney (SLK) allocation policy, implemented August 10, 2017, established medical eligibility criteria for adult SLK candidates and created Safety Net kidney allocation priority for liver‐alone recipients with new/continued renal impairment. OPTN SLK and kidney after liver (KAL) data were analyzed (registrations as of December 31, 2019, transplants pre‐policy [March 20, 2015–August 9, 2017] vs. post‐policy [August 10, 2017–December 31, 2019]). Ninety‐four percent of SLK registrations met eligibility criteria (99% CKD: 50% dialysis, 50% eGFR). SLK transplant volume decreased from a record 740 (2017) to 676 (2018, −9%), with a subsequent increase to 728 (2019, 1.6% below 2017 volume). For KAL listings within 1 year of liver transplant, waitlist mortality rates declined post‐policy versus pre‐policy (27 [95% CI = 20.6–34.7] vs. 16 [11.7–20.5]) while transplant rates increased fourfold (46 [32.2–60.0] vs. 197 [171.6–224.7]). There were 234 KAL transplants post‐policy (94% Safety Net priority eligible), and no significant difference in 1‐year patient/graft survival vs. kidney‐alone (patient: 95.9% KAL, 97.0% kidney‐alone [p = .39]; graft: 94.2% KAL, 94.6% kidney‐alone [p = .81]). From pre‐ to post‐policy, the proportion of all deceased donor kidney and liver transplants that were SLK decreased (kidney: 5.1% to 4.3%; liver: 9.7% to 8.7%). SLK policy implementation interrupted the longstanding rise in SLK transplants, while Safety Net priority directed kidneys to liver recipients in need with thus far minimal impact to posttransplant outcomes.