In connection with the Inflation Reduction Act (IRA), on December 22, 2023, the Internal Revenue Service (IRS) released a Proposed Regulation related to Section 45V of the Internal Revenue Code.
The Proposed Regulation,...more
The U.S. Department of the Treasury, in conjunction with the Internal Revenue Service (IRS), released updated proposed guidance on the Section 45X Production Tax Credit (PTC). The guidance addresses specific requirements...more
The Department of the Treasury (DOT), through the Internal Revenue Service (IRS) and in consultation with the Department of Energy (DOE), released new draft guidance on Section 48 tax credits, as well as updated guidance in...more
DOE Proposed Guidance -
On December 1, the Biden administration’s Department of Energy released its latest proposed guidance related to the electric vehicle incentive expanded through the Inflation Reduction Act. DOE’s...more
The Inflation Reduction Act (IRA) recently celebrated its first anniversary with some programs becoming increasingly oversubscribed even before the funding is released. One of those programs is the qualifying advanced energy...more
On July 26, the National Science Foundation (NSF) and Economic Development Administration (EDA) signed a memorandum of understanding to formally initiate their coordination on regional innovation programs funded through the...more
On June 28, 2023, the U.S. Environmental Protection Agency (EPA) launched a $7 billion grant competition to increase access for low-income households to solar energy. The “Solar for All” competition, created by the Inflation...more
On June 23, 2023, the Department of Commerce (DOC) and the National Institute of Standards and Technology (NIST) announced an expansion to its earlier Notice of Funding Opportunity (NOFO) for Commercial Fabrication Facilities...more
The IRS and Department of Treasury released the long-anticipated Notice of Proposed Rulemaking (NPRM) for ways to monetize tax credits included in the administration’s Inflation Reduction Act (IRA). The proposed rules, which...more
On June 6, the Biden administration revealed its National Clean Hydrogen Strategy and Roadmap, which aims to coordinate public and private sector activities to advance the development and deployment of the clean hydrogen...more
The “balancing act” of insurance regulation across jurisdictions, policymakers, and stakeholders took center stage at the 18th Annual Networks Financial Institute Insurance Public Policy Summit on May 17 in Washington D.C....more
As congressional leaders focus on passing an agreement negotiated over the weekend by the Biden administration and House Speaker Kevin McCarthy that would increase the debt limit through early 2025 and prevent a potential...more
On May 12, 2023, the Economic Development Administration (EDA) released the long-awaited Phase One Notice of Funding Opportunity (NOFO) for the Regional Technology and Innovation Hubs program. Authorized as part of the CHIPS...more
The CHIPS and Science Act, passed into law in mid-2022 by the Biden administration, represents a wholesale change in U.S. industrial policy from the prior administration. The law seeks to reinvigorate domestic research and...more
Republicans are in line to regain control of the House of Representatives, although with a narrower margin than predicted. As of Wednesday (Nov. 9) evening, Republicans are just over 200 votes in the House, needing 218 to...more
Election outcomes affect every industry. Insurance, however, is unique in the range of elected policymakers who can impact it directly — insurance commissioners, governors and Congress (not to mention state legislatures and...more
As part of dogged efforts to implement his proposed sustainability agenda, President Biden recently announced that he authorized the Department of Energy to use the Defense Production Act (DPA) to expand the domestic...more
Several bills have been recently proposed in Congress to address some of the challenges employers and employees face in terms of high-skilled immigration. Backlogs in the permanent residence (green card) process and...more
When Congress returns from its two-week District Work Period this week, it will begin the ‘home stretch’ prior to the 2022 elections. The House is currently scheduled to be in D.C. for roughly 10 weeks prior to the August...more
On Wednesday, March 16, Ukrainian President Zelenskyy gave an impassioned address to the U.S. Congress about the dire situation facing his country. In his speech, Zelenskyy called on President Biden, Congress and governments...more
As U.S. lawmakers resume negotiations over spending and climate-based policies, now is the time for interested parties to engage with their representatives about carbon credit values. Current trends underscore the importance...more
Recently the EPA released a proposed rule establishing Renewable Volume Obligations (RVOs) under the Renewable Fuel Standard (RFS), while also denying more than 60 small refinery exemption (SRE) petitions and proposing other...more
Biden administration priorities, NAIC direction, diversifying the talent pipeline in the insurance space and the insurance industry’s response to the COVID-19 pandemic were among the issues covered during the 16th annual...more
At this point in the election cycle, we would be traditionally talking about the elections in the past tense. But among the many unique and interesting aspects of the 2020 elections is that the outcomes are still coming in,...more
On July 15, 2020, the White House released the long-anticipated Final Rule entitled, “Update to the Regulations Implementing the Procedural Provisions of the National Environmental Policy Act (NEPA).” According to the White...more