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Inflation Reduction Act
Deregulation at DOT: Direction Unknown
A year ago, the oil and natural gas industry was preparing comments and responses to several expansive proposed rules issued by the Department of Transportation’s (DOT) Pipeline and Hazardous Materials Safety Administration (PHMSA). With the advent of the Trump Administration...
Senate Finance Committee Mark Eliminates Advance Refundings, Silent on Private Activity Bonds
Overview On November 9, 2017, the U.S. Senate Finance Committee released the Description of the Chairman’s Mark of the “Tax Cuts and Jobs Act ” (the “Senate Finance Committee Mark”), which sets forth a summary of the proposed tax reform...
The Lobby Shop: Tax-mas Part II: The Senate
Josh and Liam explore what's coming up for tax reform in light of this week's Senate tax plan and its differences and similarities compared to last week's House bill. We also discuss the news surrounding Roy Moore and how the...
SEC's Office of Compliance Inspections and Examinations Issues Risk Alert for Municipal Advisors
On November 7, 2017, the Office of Compliance Inspections and Examinations (“OCIE”) of the U.S. Securities and Exchange Commission (“SEC”) issued a risk alert that described the staff’s observations from over 110 examinations of municipal advisors. The examinations evaluated compliance...
SEC Releases New Guidance on Shareholder Proposals
On November 1, 2017, the Staff of the Division of Corporation Finance of the Securities and Exchange Commission published in Staff Legal Bulletin No. 14I guidance relating to the excludability of certain shareholder proposals from public company proxy statements under...
Barclays Market Manipulation Case Settles for $105 Million, What We Learned and What’s Next?
After more than four years of litigation in federal district court, the Federal Energy Regulatory Commission (“FERC” or the “Commission”) yesterday issued an order approving a $105 million settlement resolving allegations that Barclays Bank PLC and certain of its traders...
Proposed Tax Reform Puts Key Public Finance Tools On the Chopping Block
On November 2, 2017, the Committee on Ways and Means of the U.S. House of Representatives released its highly anticipated proposed tax reform legislation (the “Proposed Legislation”). The Proposed Legislation deals a severe blow to issuers and conduit borrowers by...
The Lobby Shop: Merry Tax-mas! Unwrapping the House Tax Bill
Josh snags a few minutes with PRG's resident tax expert Liam Donovan for a quick, cursory discussion of the House's freshly released tax bill, the Tax Cuts and Jobs Act. Josh and Liam cover the highlights of the bill, predictions...
The Lobby Shop: Reading Congress's Tea Leaves
Josh and Liam revisit the Friday Five format for this week's episode, discussing tax reform and yesterday's budget adoption by the House, the North American Free Trade Agreement (NAFTA) and talk of US renegotiations and/or withdrawal, Congressional retirements and Senators...
SEC Approves PCAOB's New Rules on Auditor Reports
The Securities and Exchange Commission has approved the Public Company Accounting Oversight Board’s (PCAOB) proposed Auditing Standard 3101, The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses An Unqualified Opinion (AS 3101) and related amendments to...
The CAM – A New Challenge
On October 23, 2017 the Securities and Exchange Commission (the “SEC”) issued its Release No. 34‐81916; File No. PCAOB‐2017‐01 in which the SEC approved, without change, the new auditing standard adopted by the Public Company Accounting Oversight Board (the “PCAOB”)...
Disaster Fundraising in Texas
A guide to fundraising laws for individuals who are interested in raising or donating money to a Texas charity in light of Hurricane Harvey
The Mineral Revolution: How The Recent Influx of Capital is Changing Deal Structures and Opportunities for Investment
Over the past twelve months, we have witnessed a rapid evolution in the way that E&P industry participants acquire and own minerals. While the perpetual nature and non-cost bearing aspects of mineral ownership have long aided in maintaining a floor...
Underground Natural Gas Storage IFR Comment Period Reopened
On October 19, 2017, the Pipeline and Hazardous Materials Safety Administration (PHMSA) announced an additional comment period on its December 19, 2016 interim final rule (IFR) which established minimum federal safety standards for underground natural gas storage facilities. PHMSA will...
The Lobby Shop: Shedding Light on the Solar Trade Case
Josh sits down with Paul Nathanson, George Felcyn, and Frank Maisano to discuss the U.S. International Trade Commission's controversial Section 201 solar imports case. From the history of Section 201 petitions to the motives of this case's plaintiffs to the...