News & Analysis as of

U.S. Treasury Sequestration

A&O Shearman

IRS Issues Proposed Regulations On Section 45Q Carbon Oxide Sequestration Credits

A&O Shearman on

The U.S. Internal Revenue Service (IRS) and the U.S. Treasury Department (“Treasury”) have issued proposed regulations (REG-112339-19) providing valuable guidance on credits for the sequestration of qualified carbon oxide...more

Bracewell LLP

SLGS Window Reopening; Sequestration Extended Through FY 2029

Bracewell LLP on

The Bipartisan Budget Act of 2019 (the “Act”), which suspends the federal debt limit through July 31, 2021, was signed into law on August 2, 2019. As a result, the U.S. Department of the Treasury has announced that it will...more

Akin Gump Strauss Hauer & Feld LLP

Treasury Announces Decrease in Cash Grant Sequestration Rate from 7.3% to 6.8%

The Department of the Treasury has announced that, for fiscal year 2016, the Cash Grant1 sequestration rate has decreased from 7.3 percent to 6.8 percent. ...more

Akin Gump Strauss Hauer & Feld LLP

Cash Grant Sequester Rate Increased From 7.2 to 7.3 Percent for Fiscal Year 2015

The Department of the Treasury has announced that for fiscal year 2015 the Cash Grant sequester rate will be increased from 7.2 to 7.3 percent. The announcement is available below. The change applies to Cash Grants paid on...more

Foley Hoag LLP

Sequestration Reduces Treasury Grant Awards to Renewable Energy Projects by 8.7 Percent

Foley Hoag LLP on

According to Treasury Department guidance issued March 4, 2013, grants awarded to renewable energy project owners under the Treasury’s Section 1603 grant program on or after March 1, 2013 will be reduced by 8.7 percent due to...more

Foley & Lardner LLP

Treasury Releases Message on Impact of Sequestration on 1603 Cash Grants

Foley & Lardner LLP on

On March 4, 2013, U.S. Treasury released guidance on the impact of the across-the-board spending cuts known as “sequestration” to the Section 1603 cash grant program. As stated in the message, payments under Section...more

Mintz

Energy And Environment Update -- March 4, 2013

Mintz on

In This Issue: Energy and Climate Debate; Congress; Administration; Department of Energy; Environmental Protection Agency; Interior Department; Department of Agriculture; Department of State; Treasury Department;...more

Mintz - Public Finance Viewpoints

Financial Services Legislative And Regulatory Update -- March 4‚ 2013

In This Issue: Leading the Past Week; Legislative Branch; House of Representatives; Executive Branch; Miscellaneous; and Upcoming Hearings. Excerpt from Leading the Past Week - On Friday evening President...more

Mintz - Energy & Sustainability Viewpoints

How Does the Sequester Affect Energy Programs?

On Friday evening, President Obama formally notified the Office of Management and Budget to initiate the sequester, as both sides were unable and/or unwilling to reach an agreement on a plan to avert the automatic...more

Mintz - Public Finance Viewpoints

Financial Services Legislative And Regulatory Update -- February 4‚ 2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; Miscellaneous; and Upcoming Hearings. Excerpt from Leading the Past Week - Even though the Senate sent a debt limit extension to the...more

King & Spalding

113th Congress Underway by Thomas J. Spulak

King & Spalding on

The 113th Congress opened this week. In many ways, however, it began in the long shadow of the 112th Congress, which ended on January 3. Numerous issues were either left unresolved or only partially addressed, requiring...more

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