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Hogan Lovells | Russia, USA | 1 Jun 2023
Significant new sanctions and export control measures by the US government against Russia
On May 19, 2023, the US Department of Treasury, State, and Commerce imposed the most significant tranche of sanctions and export control measures in…
Skadden Arps Slate Meagher & Flom LLP | USA | 1 Jun 2023
In Coordinated Action, US Authorities Increase Russia-Related Restrictions and Warn About Evasion Risks
Through a series of coordinated actions in May 2023, the United States launched a whole-of-government effort to expand and strengthen enforcement of…
Holland & Knight LLP | USA | 1 Jun 2023
Treasury Department, IRS Release Low-Income Community Bonus Credit Proposed Rules
A new Notice of Proposed Rulemaking (NPRM) released by the U.S. Department of the Treasury and IRS details the low-income community bonus…
Paul Hastings LLP | USA | 1 Jun 2023
Daily Financial Regulation Update -- Thursday, June 1, 2023
The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Countering China: Advancing U.S. National Security…
Mayer Brown | OECD, USA | 1 Jun 2023
Ways & Means Republicans Introduce Retaliatory Legislation in Advance of Congressional Delegation to OECD
As countries around the world enact legislation implementing Pillar Two, the Republican majority of the House Ways & Means Committee has made no…
Hogan Lovells | USA | 1 Jun 2023
DOE and Treasury issue further guidance on investment tax credits for advanced energy projects (48C)
The Inflation Reduction Act of 2022 extended the 48C tax credit program, initially enacted in the American Recovery and Reinvestment Act of 2009, and…
Sive Paget & Riesel PC | USA | 31 May 2023
Energy Community Guidance for Brownfields under the Inflation Reduction Act
The Internal Revenue Service (IRS) and the Treasury Department released guidance last month on the bonus credit available for certain production and…
Keller and Heckman LLP | USA | 31 May 2023
KH Broadband Digest: May 31, 2023
"Chattanooga mayor credits city utility for bolstering broadband" :: FierceTelecom City of Bountiful, UT approves bond for buildout of a city-owned…
Holland & Knight LLP | USA | 31 May 2023
IRS and Department of Energy Release Additional Section 48C Guidance
Reinstated by the Inflation Reduction Act of 2022 (IRA), Section 48C of the Internal Revenue Code provides $10 billion in allocable credits for…
Thompson Coburn LLP | USA | 31 May 2023
The Constitution, the Supreme Court, and the Independence of Regulatory Agencies: A Look at the Funding of the Consumer Financial Protection Bureau
The Supreme Court has agreed to hear another case addressing the extent to which administrative agencies can and should exercise power independent of…
