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Inflation Reduction Act
A Very Good Friday
Happy Passover and Happy Easter weekend! Ezra Louvis, Research Specialist at PRG, joins The Lobby Shop for the first time to discuss the National Debate Tournament and the world of policy debate, a competitive activity that is a feature on...
The New Partnership Audit Rules, Part 2: The Election Out
This is the second of several installments of Bracewell Tax Report articles describing the new rules applicable to partnership audits under the Internal Revenue Code and the related proposed and final Treasury regulations. Each installment focuses on certain aspects of...
Financing Renewable Energy Projects: The Interest Deductibility Limitation
As we have previously discussed (please see here for a more detailed discussion), the Tax Cuts and Jobs Act (TCJA) limits a taxpayer’s interest deductions in a taxable year to the sum of (A) the taxpayer’s business interest income for...
As Steel Tariff Becomes Effective, Commerce Issues Rule for Exclusions
Building off of President Trump’s “Made in America” campaign commitment, the Trump Administration issued a tariff on steel imports on March 8, 2018. The proclamation finds that the imposition of duties on steel articles is necessary to ensure that steel...
PHMSA Opens Enforcement Hearing to the Public
In a surprising turn of events this week, PHMSA approved a request from the media to attend a hearing in the Agency’s Southwest Region offices in Houston yesterday. An environmental reporting service (E&E News) submitted a request to PHMSA last...
U.S. Futures Exchanges Disciplinary Actions Alert: February 2018
The Bracewell U.S. Futures Exchanges Disciplinary Actions Report is a monthly report that provides summaries of certain disciplinary notices by U.S. exchanges during the prior month. The report has a particular focus on notices potentially relevant to energy commodities and...
Investing in Upstream Oil and Gas in Mexico
Bracewell's Mexico team is comprised of leading energy lawyers in Houston and London and we are one of the few law firms that have been involved in all aspects of the liberalisation process.
Special Elections, Shake-Ups, and Hot Rolled Steel
The past week in politics has been busy, and Josh, Liam, and Paul are here to break it down for you. We talk about the Pennsylvania special election and Democrat Conor Lamb's apparent victory, staff shake-ups in the Administration and...
Keeping Up the BEAT: Offset Outlook Beyond 2025
One of the more pronounced quirks of the Tax Cuts and Jobs Act (TCJA) is the law’s deliberately staggered schedule. Within five to eight years a broad range of provisions are slated to expire, phase down, or ramp up in...
Treasury and IRS Issue Guidance Concerning Carried Interests Held Through S-Corporations
On March 1, 2018, the Treasury Department and the IRS issued an advanced version of Notice 2018-18, stating that forthcoming Treasury regulations would provide that applicable partnership interests, commonly referred to as carried interests, held by S-corporations will be subject...
Who Is Watching The Watchmen?: CFTC Penalizes Registrant For Outsourced IT Security Lapses
On February 12, 2018, the Commodity Futures Trading Commission (CFTC) settled charges against AMP Global Clearing LLC (AMP), a futures commission merchant (FCM), for the company’s failure to adequately supervise one of its IT providers, which led to the unauthorized...
Section 232 Tariffs on Steel and Aluminum: What You Need to Know
Newly imposed tariffs on steel and aluminum imports by the Trump Administration raise significant questions about the future of US trade policy. In particular, many analysts predict that these tariffs will trigger higher prices for many businesses. Bracewell’s Policy Resolution...
SEC Charges Additional Municipal Official With Securities Fraud In Connection With Oyster Bay Loan Guarantee Scheme
On March 1, 2018, the U.S. Securities and Exchange Commission (“SEC”) filed a complaint in U.S. District Court for the Eastern District of New York (“Court”) charging Leonard Genova, town attorney and deputy supervisor for the Town of Oyster Bay...
A View from Washington: Environmental Regulatory Reform and Infrastructure Principles
In the March installment of our Environmental Essentials for In-House Counsel webinar series, Brittany Pemberton and Christine Wyman shared insights to be learned from the Administration’s proposed budget and talked briefly about several recent regulatory reforms, including methane rules affecting...
FAQ: Reversal of "Once In Always In"
On February 8, 2018, ERM and Bracewell presented a webinar that took a look at the legal and technical issues related to EPA’s January 25th memo reversing the long standing “Once In Always In” policy. With this policy change, facilities...