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News from Second and State

Budget, budget, budget. While the budget debate was at the forefront of activity this week, there were a number of other developments on the legislative front. Here’s a rundown of some noteworthy non-budget happenings this...more

Bridging the Week - June 2016 #4

Broker-Dealer Sanctioned US $415 Million by SEC for Violating Customer Protection Requirements: Two Merrill Lynch entities agreed to pay sanctions of US $415 million to resolve charges brought by the Securities and...more

South Carolina Legislative Tax Update: Governor Signs Bill Amending South Carolina Tax Law to Conform With the Internal Revenue...

Differences in federal and state tax laws can cause taxpayer headaches, and often lead to incorrect state tax filings. While South Carolina’s tax code continues to treat certain items differently than the Internal Revenue...more

Trade & Manufacturing - May 2016

Relief from Unfair Imports of Plastic Retail Carrier Bags to Continue for Five More Years - On April 27, the International Trade Commission (Commission) issued the public views of its unanimous determination in favor of...more

The Oman Update - Official Gazette 1141

Ministerial Decisions - Ministry of Environment & Climate Affairs - Ministerial Decision No. 20/2016 Issuing the regulations for the management of climate affairs. The climate affairs regulations issued under...more

Bills Introduced to Strengthen Corporate Climate Disclosure – But is it enough?

The Security Exchange Commission (SEC) issued guidance to companies in 2010 on providing climate disclosures. Since then, the quality of such disclosures has not improved and enforcement has been insufficient. Despite...more

Quebec 2016-2017 Budget: Continued Fiscal Discipline

On March 17, 2016, the Quebec government (Government) unveiled the 2016-2017 budget (Budget). The Government confirmed that it balanced the books for 2015–16 and anticipates maintaining a balanced budget for 2016–17. The...more

Oregon legislators pass historic renewable energy bill, with 50% RPS and coal-fired electricity phaseout

Oregon legislators passed Senate Bill (SB) 1547 into law yesterday, creating aggressive timetables for eliminating coal-fired electricity from the State and setting a 50% Renewable Portfolio Standard (RPS) by 2040. A diverse...more

Electrify Africa Act is now law

After passing both houses of the US Congress unanimously, the Electrify Africa Act of 2015 has been signed into law by President Barack Obama. The law’s enactment builds on and provides Congressional backing for the...more

President’s FY 2017 Budget Aims to Seal the Deal on Fiscal Legacy

On February 9, President Obama released the last budget request of his Administration. The FY 2017 budget incorporates many proposals from past years but also looks to cement the president’s legacy with a number of new fiscal...more

Congress and the President Find Their Way Along a PATH

As previously reported in the PK Law Newsletter, tax planning for the end of 2015 was hampered by the expiration of a number of “temporary” tax provisions routinely extended for a one or two year period by Congress. Congress...more

SEC Settles FCPA Action With Hitachi

The SEC filed a settled FCPA books and records and internal controls action centered on a firm which used a subsidiary partially owned by a foreign political party to influence the award of government contracts. Specifically,...more

Budget Negotiations and Business Tax Issues Likely to Impact Pennsylvania Employers Amid Fiscal Crisis

Pennsylvania’s employers need to pay close attention to the developing fiscal crisis confronting Pennsylvania policy makers in the months ahead. None of Pennsylvania’s major industries should conclude that they are protected...more

Financial Innovation for Clean Energy Deployment: Congress Considers Expanding Master Limited Partnerships for Clean Energy

Technological innovation is driving renewable energy towards a future where it is cost competitive without subsidies and provides a growing share of America’s energy. But for all the technical progress made by the clean...more

The Transparency Agenda: Section 1504 and Beyond

A number of significant briefs were filed recently with the U.S. Court of Appeals for the D.C. Circuit in support of Section 1504 of the Dodd-Frank Act, which requires oil, gas, and mining issuers to report on their payments...more

Under the Dome: Inside the Maine State House 10.19.12

Augusta, ME - Under the Dome: Inside the Maine State House provides a high-level overview of recent activity at the Maine State House. If you would like more specific information regarding an item in this newsletter or...more

Greater Scrutiny of Corporate Lobbying and Political Activity Underway

On September 13, 2012, the Center for Responsive Politics (CRP), a nonpartisan, nonprofit research group that tracks and analyzes the effect of money in U.S. politics, unveiled a new feature on its website that provides...more

REGULATORY: Oil & Gas Regulatory, Mining & Natural Resources Oil, Gas, and Mining: Companies Encouraged to Submit Nominations by...

The U.S. Department of the Interior is seeking nominations for the U.S. Extractive Industries Transparency Initiative (USEITI) Advisory Committee. The Committee is being established to advise the Department on the...more

Congress Proposes Expanding Master Limited Partnerships to Renewable Energy & Biofuel Projects

On Friday, June 15, Senator Chris Coons (D-DE) introduced S.3275, the bipartisan “MLP Parity Act,” a bipartisan bill that would amend Section 7704 of the tax code by enabling Master Limited Partnerships (MLPs) to own and...more

Washington Insight - March 2012

We are pleased to present this issue of Washington Insight, a bi-weekly newsletter containing information about emerging issues of importance in the Administration, the Executive Branch and Congress. If you have any questions...more

Minnesota Government Update - May 24, 2011

Minnesota Legislature Stands Adjourned – for now! The Minnesota Legislature met its constitutional deadline for adjournment of midnight, May 23, and adjourned as required. The final hours of the regular legislative session...more

Energy and Clean Tech Connections - November 2010

In the November edition of Energy and Clean Tech Connections, we’ve gathered recent information from a wide variety of sources in an effort to keep you abreast of what’s new in the world of clean energy. We draw your...more

Massey Energy Loses Bid to Eliminate Cumulative Voting

I’ve recently commented CalPERS’ announcement that it would abstain on a proposal by Massey Energy Company to eliminate cumulative voting. Yesterday, Massey Energy reported in this Form 8-K that its stockholders did not...more

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