News & Analysis as of

Biden Administration Inflation Reduction Act (IRA)

Fox Rothschild LLP

IRS Increased Audits Of High-Income Individuals During FY2024, But Future Of Initiative Under New Administration Is Doubtful

Fox Rothschild LLP on

A recent report from the Treasury Inspector General for Tax Administration (TIGTA) found that the Internal Revenue Service increased audits of high-income taxpayers during fiscal year 2024, in line with a 2022 Treasury...more

Mintz - Energy & Sustainability Viewpoints

Energy & Sustainability Washington Update — July 2025

This month’s update brings a flurry of activity in energy-related policy, but the final outcomes will not be known until later in July, or even August. After the House narrowly passed their reconciliation bill in May, the...more

Akerman LLP

Trump Tax Bill Passes House: What Clean Energy Stakeholders Need to Know

Akerman LLP on

Early yesterday morning, the House of Representatives passed President Donald Trump’s signature "One Big Beautiful Bill," largely aimed at extending the 2017 tax cuts, by a single vote (215-214). The bill includes huge...more

Mintz - Tax Viewpoints

Tax Reform 2.0 — The One, Big, Beautiful Bill

Mintz - Tax Viewpoints on

On May 12, 2025, the House Ways and Means Committee released the text of the proposed tax legislation titled “The One, Big, Beautiful Bill” (the “Bill”), reflecting President Trump’s and the Republican Party’s legislative...more

Mintz - Health Care Viewpoints

CMS’s 2026 Final Medicare Advantage Rule Focuses on Implementing the IRA and Deregulation

In April, CMS finalized its Contract Year (CY) 2026 Medicare Advantage and Part D Final Rule (Final Rule). With CMS releasing the 2026 Medicare Advantage and Part D Proposed Rule in December under the Biden Administration,...more

Skadden, Arps, Slate, Meagher & Flom LLP

White House Moves To Encourage Fossil Fuel and Critical Mineral Production - The Trump Administration’s First 100 Days

Primarily through the issuance of executive orders, the Trump administration has taken a comprehensive approach across departments to promote the production and use of fossil fuels and critical minerals, and withdraw support...more

Jones Day

Constitutional Challenges to Inflation Reduction Act Head to Courts of Appeals

Jones Day on

No legislation has garnered more attention in the life sciences industry in recent past than the so-called Drug Price Negotiation Program of the Inflation Reduction Act (the "Program"). ...more

Foley Hoag LLP - Energy & Climate Counsel

EV Roundup - March 2025

The electric vehicle (EV) industry is facing a mix of challenges and opportunities as the Trump Administration’s recent policies and tariff announcements take effect in the market. In its first three months, the Trump...more

Womble Bond Dickinson

Potential Rollback of Biden's Climate Policies Targets Billions in Clean Energy Projects

Womble Bond Dickinson on

According to media reports, Energy Department officials are compiling a list of clean energy projects, awarded billions of dollars, that could be overturned by the Trump administration in what may become the most significant...more

Mintz - Health Care Viewpoints

CMS’s ACA Marketplace Integrity and Affordability Proposed Rule – What it may mean for Health Plans

Earlier this month, the Centers for Medicare & Medicaid Services (CMS) released its 2025 Marketplace Integrity and Affordability Proposed Rule (Proposed Rule), proposing a number of enrollment and eligibility policies...more

Womble Bond Dickinson

House Republicans Demand Answers on Biden-Era EPA Allocations and Financial Agreements

Womble Bond Dickinson on

Congressional Republicans have asked the Administrator for the Environmental Protection Agency (EPA) Lee Zeldin for a briefing on grants and funding awarded by the agency under the Biden Administration, signaling their...more

Cozen O'Connor

Executive Order Rescindments Continue: Next Up, Federal Contractor Minimum Wage

Cozen O'Connor on

On March 14, 2025, President Trump rescinded a second batch of Biden-era executive orders (EOs), including EO 14026 (Increasing the Minimum Wage for Federal Contractors). Issued in 2021, EO 14026 raised the federal...more

Jones Day

Joint Resolution Puts Future of Methane Fee in Doubt

Jones Day on

The Biden administration's rule requiring the payment of a fee for methane emissions has effectively been rescinded, although, for now at least, the statutory provision imposing the fee remains in effect along with other...more

Goodwin

2025 Budget Resolution Update: Tax Implications

Goodwin on

On February 13, the House Budget Committee, voting 21-16 along party lines (Republicans in favor and Democrats opposed), passed a 2025 budget resolution. The bill does not expressly reference the Tax Cuts and Jobs Act of 2017...more

Troutman Pepper Locke

Navigating the Solar Industry's Path Through Tariffs and Growth

Troutman Pepper Locke on

In 2024, the solar energy generation industry experienced its largest-ever annual rise globally, fueled by China’s 44% solar output boost from January to November 2024. ...more

Troutman Pepper Locke

Navigating the Solar Industry’s Path Through Tariffs and Growth

Troutman Pepper Locke on

In 2024, the solar energy generation industry experienced its largest-ever annual rise globally, fueled by China’s 44% solar output boost from January to November 2024....more

Morgan Lewis - Health Law Scan

Trump Executive Order Signals Drug Pricing Reforms Likely on the Horizon

Through the issuance of Inauguration Day executive orders, the Trump Administration signaled its apparent intent to tackle drug pricing reforms over the next four years. However, Biden-era policies are likely to limit a...more

WilmerHale

President Trump Redefines Federal Environmental Policy Through His First Day of Executive Orders

WilmerHale on

Hours after his inauguration, President Donald Trump signed 26 executive orders (EOs). These EOs rescinded 80 prior executive actions issued by President Joe Biden’s Administration, including several that were key to...more

Jones Day

New Guidance on the Commercial EV Tax Credit

Jones Day on

In one of their final sets of guidance under President Biden, the Department of Treasury and the IRS released proposed regulations for the tax credit under Section 45W, which is available for purchasing electric vehicles for...more

Akin Gump Strauss Hauer & Feld LLP

Oil & Gas in 2025: Emerging Trends & Predictions

As we enter 2025 with a new president in the White House and Republicans in control of both the House and the Senate, we can look forward to a significant shift in the landscape for oil & gas transactions. The second Trump...more

Foley Hoag LLP

Climate Law Matters: Energy & Climate Newsletter - December 2024

Foley Hoag LLP on

In this Issue: Mission is Market - As with many, we in the Foley Hoag energy and climate practice have felt the results of the 2024 election reverberate through our industry. We’ve gathered and digested the most current...more

Akin Gump Strauss Hauer & Feld LLP

This Week's Climate Policy Update - December 8 - December 14, 2024

Good morning! This is Akin’s newsletter on climate change policy and regulatory developments, providing information on major climate policy headlines from the past week and forthcoming climate-related events and hearings...more

Foley Hoag LLP - Energy & Climate Counsel

EV Roundup - December 2024

Looking at 2024 EV sales, the U.S. made meaningful strides toward achieving the Biden Administration’s goal of having 50% of all new vehicle sales be electric by 2030. Since the IRA was enacted, purchases of zero-emission...more

Vinson & Elkins LLP

Outlook on the New Administration: EPA’s Environmental Agenda in the Energy Sector

Vinson & Elkins LLP on

During the 2024 campaign, President-elect Donald Trump promised his supporters that he would direct federal agencies on day one to “immediately remove every single burdensome regulation driving up the cost of goods.” For the...more

Pillsbury Winthrop Shaw Pittman LLP

Trump 2.0: What Happens to Federal Funding?

Pillsbury’s recent alert on the newly formed Department of Government Efficiency, or “DOGE,” an autonomous organization created by President-elect Trump and spearheaded by Elon Musk, identified several steps for industries...more

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