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Inflation Reduction Act
Political Civility, Harley-Davidson, and Steel Tariff Lawsuits
Josh, Liam, and Paul discuss the results of several midterm primary elections, including the shocking win of Alexandria Ocasio-Cortez in New York's 14th District Democratic primary over a long term incumbent. Other major topics include: Harley-Davidson and steel tariffs, the...
IRS Says "Yes" to Leveraged Partnerships and "No" to Bottom Dollar Guarantees... At Least for Now
On June 18, 2018, the IRS issued proposed Treasury regulations (the 2018 Regulations) that, if finalized, would withdraw certain proposed and temporary Treasury regulations issued in 2016 related to the allocation of partnership liabilities (the 2016 Regulations). In their place...
Global Energy Change: Increased Use of Natural Gas and LNG
Global energy change through increased use of natural gas and liquefied natural gas (LNG) has been the focus of this week’s World Gas Conference (WGC). The WGC, sponsored by the International Gas Union, has convened these conferences once every three...
What the AT&T/Time Warner Decision Means for Antitrust Enforcement
On June 12, 2018, after a six-week trial, U.S. District Court Judge Richard Leon denied the U.S. Department of Justice’s request to block AT&T Inc.’s $85 billion acquisition of Time Warner Inc., one of the most high-profile merger challenges in...
Worthier Horizons: The UAE's New Federal Arbitration Law
Almost 12 years after it acceded to the New York Convention, the UAE’s new Federal Arbitration Law came into effect on 16 June 2018. Closely based on the UNCITRAL Model Law, it is widely regarded amongst the international arbitration community...
Lucia v. SEC and the status of FERC ALJs
On June 21, 2018, the Supreme Court held that the Securities and Exchange Commission’s (SEC’s) Administrative Law Judges (ALJs) are “officers of the United States” whose appointments are therefore subject to the Appointments Clause of the Constitution for their actions...
Immigration, Internships, and Amazon Prime Taxes
We're debuting a new format to The Lobby Shop this week, now featuring your three regular co-hosts Josh Zive, Liam Donovan, and Paul Nathanson. We'll cover the latest DC news from three angles: diving into legislation and policy, understanding their...
State Participation in Interstate Pipeline Inspections: GAO Recommendations
A recent Report to Congress mandated by the most recent amendments to the Pipeline Safety Act was released by the Government Accountability Office (GAO), reviewing federal and state responsibilities and resources for inspection of pipelines that transport product across state...
In Securities Case, U.S. Supreme Court Curbs Successive Class Actions
Last week, the United States Supreme Court reigned in plaintiffs’ ability to file new class action suits outside the statute of limitations. The Court decided in China Agritech that, following denial of class certification, a putative class member may not...
New Holding Period Rules for Carried Interests and the Impact on Upstream Oil and Gas
The Tax Cuts and Jobs Act (the TCJA) modifies the holding period necessary for gains attributable to applicable partnership interests, commonly known as carried interests, to qualify as long-term capital gains, subject to federal income tax at a rate of...
Political Grab Bag: Cancelled Recess, Midterms, and ALL CAPS
Josh and Liam reunite in The Lobby Shop for a look at what Liam has been up to for the last few weeks. We cover the cancellation of Congress's August recess by Senate Majority Leader McConnell, the outlook of the...
Paper Beats Rock! The UK Supreme Court rules on the efficacy of 'No Oral Modification' clauses
The UK Supreme Court opinion in Rock Advertising Limited v MWB Business Exchange Centres Limited [2018] UKSC 24 marks a step change in English law’s treatment of ‘No Oral Modification’ (“ NOM ”) clauses. The Court opined that English law...
Pipeline Security and Cybersecurity: Are Guidelines Enough to Protect Critical Infrastructure?
Since 9/11, no new rules or regulations have been promulgated to address pipeline or LNG facility security or cybersecurity. Although the Transportation Security Administration (TSA) recently released an updated version of its “ Pipeline Security Guidelines ” (Guidelines) that were...
STARs Align: Childhood Cancer Bill Passed by Congress
Josh Zive is joined in The Lobby Shop by Caitlin Andrews and John Lee, whose hard work on behalf of childhood cancer groups resulted in the passage of the STAR Act, legislation that will advance pediatric cancer research. We explore...
The Congressional Review Act May Be Coming Soon to a Rule Near You
The Congressional Review Act (CRA) has been in the news of late, yet few people know its history, purpose or challenges. Although used only once in its first 20 years, the Act was resurrected at the outset of the Trump...