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New Law Changes IRA Tax Credits

This is an updated version of the alert published on July 3. Update: The President of the United States has signed into law the budget reconciliation bill (H.R. 1, the "One Big Beautiful Bill Act") on July 4,...more

Amendments to IRA Tax Credits in Congressional Budget Bill

Update: The House of Representatives passed (by a vote of 218-214) the budget reconciliation bill (H.R. 1, the "One Big Beautiful Bill Act") on July 3, 2025. The bill now goes to the President for signature....more

Amendments to IRA Tax Credits in the Senate Budget Bill

On July 1, 2025, the Senate passed (by a vote of 51-50) its version of the budget reconciliation bill (H.R. 1, the "One Big Beautiful Bill Act") containing numerous tax reform provisions. Below are our summaries of the...more

Amendments to IRA Tax Credits in the House Budget Bill

On May 22, 2025, the House of Representatives passed (by a vote of 215-214-1) its version of the budget reconciliation bill (H.R. 1, the "One Big Beautiful Bill Act") containing numerous tax reform provisions. Below are our...more

Net asset value finance gains ground with infrastructure managers

The increase in the use of fund finance by private equity is carrying over into the infrastructure fund space, with managers using net asset value and back-leverage facilities to unlock liquidity for investors and portfolio...more

Trump Orders Moratorium on Federal Actions for Wind Projects and Withdrawal of New or Renewed Wind Leases in Outer Continental...

On January 20, 2025, the Trump Administration issued a Memorandum (the Memorandum) that orders a moratorium on new or renewed federal actions for onshore and offshore wind projects, pending federal review, and withdraws new...more

Private debt diversifies into infrastructure

Private debt funds are rapidly expanding into a segment of the market traditionally dominated by banks - Bank lenders have traditionally been the primary providers of debt to finance infrastructure project development, but...more

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