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Legislative Progress
Introduced
March 19, 2021
Latest Action
October 19, 2021
Primary Sponsor
Carolyn B. MaloneyDemocratic(NY)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
89pct
214d open
vs 9,698 other HR bills in the 117th — cohort avg 63d
Stop shielding Assets from Corporate Known Liability by Eliminating non-debtor Releases Act or the SACKLER Act This bill prohibits a bankruptcy court from releasing claims against non-debtors brought by states, tribes, municipalities, or the federal government. However, the bankruptcy court may issue a stay not exceeding 90 days regarding such a claim. Complex bankruptcies may involve creditor claims against non-debtors associated with the debtor, such as the debtor's officers, directors, or employees. Currently, in carrying out a bankruptcy plan, certain courts may release non-debtors from liability (there is a circuit split regarding this practice).
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (12)
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Sponsor introductory remarks on measure. (CR H1879)
Referred to the House Committee on the Judiciary.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
2022 · fourth_quarter · Bankruptcy
- HR 4777/S 2497, "Nondebtor Release Prohibition Act of 2021", regarding all provisions - HR 2096/S 2472, "Stop Shielding Assets from Corporate Known Liability by Eliminating Non-Debtor Releases Act", regarding all provisions - Issues related to corporate Chapter 11 bankruptcy filings and divisive mergers
Client expense: $2,270,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Bankruptcy
H.R. 2096, Stop Shielding Assets from Corporate Known Liability by Eliminating non-debtor Releases (SACKLER) Act H.R. 4777/S. 2497, Nondebtor Release Prohibition Act of 2021 S. 574, Providing Responsible Oversight of Trusts to Ensure Compensation and Transparency (PROTECT) Asbestos Victims Act of 2021 Various issues relating to the U.S. Trustees authority to oversee the administration of bankruptcy trust funds; Chapter 11 bankruptcies including third-party releases
Client expense: $20,990,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Bankruptcy
S. 2497 Nondebtor Release Prohibition Act - to prohibit nonconsensual release of a nondebtor entitys liability to an entity other than the debtor; H.R.2096 the SACKLER ACT - prohibits a bankruptcy court from releasing claims against non-debtors brought by states, tribes, municipalities, or the federal government; Issues related to bankruptcy reform.
Client expense: $2,650,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Bankruptcy
Monitored congressional efforts around the SACKLER Act, including H.R. 2096 / S. 2472 and HR 4777 / S 2497, including outreach regarding potential committee activity on the legislation.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Bankruptcy
Monitored congressional efforts around the SACKLER Act, including H.R. 2096 / S. 2472 and HR 4777 / S 2497, including outreach regarding potential committee activity on the legislation.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
| Democratic |
| IN |
| Andy Kim | Democratic | NJ |
| Andy Levin | Democratic | MI |
| Ann Kirkpatrick | Democratic | AZ |
| Ann M. Kuster | Democratic | NH |
| Ayanna Pressley | Democratic | MA |
| Barbara Lee | Democratic | CA |
| Brenda L. Lawrence | Democratic | MI |
| Charlie Crist | Democratic | FL |
| Chris Pappas | Democratic | NH |
| Cori Bush | Democratic | MO |
| Danny K. Davis | Democratic | IL |
| David J. Trone | Democratic | MD |
| David N. Cicilline | Democratic | RI |
| David Scott | Democratic | GA |
| Debbie Wasserman Schultz | Democratic | FL |
| Eleanor Holmes Norton | Democratic | DC |
| Frank Pallone, Jr. | Democratic | NJ |
| Gerald E. Connolly | Democratic | VA |
| Henry C. "Hank" Johnson, Jr. | Democratic | GA |
| Jackie Speier | Democratic | CA |
| Jahana Hayes | Democratic | CT |
| Jake Auchincloss | Democratic | MA |
| Jamaal Bowman | Democratic | NY |
| James P. McGovern | Democratic | MA |
| James R. Langevin | Democratic | RI |
| Jamie Raskin | Democratic | MD |
| Janice D. Schakowsky | Democratic | IL |
| Jesús G. "Chuy" García | Democratic | IL |
| Jim Cooper | Democratic | TN |
| Jimmy Gomez | Democratic | CA |
| John P. Sarbanes | Democratic | MD |
| Katherine M. Clark | Democratic | MA |
| Kathy Castor | Democratic | FL |
| Katie Porter | Democratic | CA |
| Kweisi Mfume | Democratic | MD |
| Lisa Blunt Rochester | Democratic | DE |
| Lloyd Doggett | Democratic | TX |
| Lori Trahan | Democratic | MA |
| Madeleine Dean | Democratic | PA |
| Mark DeSaulnier | Democratic | CA |
| Mark Pocan | Democratic | WI |
| Mark Takano | Democratic | CA |
| Mary Gay Scanlon | Democratic | PA |
| Mike Quigley | Democratic | IL |
| Mondaire Jones | Democratic | NY |
| Paul Tonko | Democratic | NY |
| Peter A. DeFazio | Democratic | OR |
| Peter Welch | Democratic | VT |
| Raja Krishnamoorthi | Democratic | IL |
| Rashida Tlaib | Democratic | MI |
| Richard E. Neal | Democratic | MA |
| Ritchie Torres | Democratic | NY |
| Ro Khanna | Democratic | CA |
| Robin L. Kelly | Democratic | IL |
| Rosa L. DeLauro | Democratic | CT |
| Seth Moulton | Democratic | MA |
| Stephen F. Lynch | Democratic | MA |
| Susan Wild | Democratic | PA |
| William R. Keating | Democratic | MA |
2022 · third_quarter · Bankruptcy
H.R. 2096, Stop Shielding Assets from Corporate Known Liability by Eliminating non-debtor Releases (SACKLER) Act H.R. 4777/S. 2497, Nondebtor Release Prohibition Act of 2021 S. 574, Providing Responsible Oversight of Trusts to Ensure Compensation and Transparency (PROTECT) Asbestos Victims Act of 2021 Various issues relating to the U.S. Trustees authority to oversee the administration of bankruptcy trust funds; Chapter 11 bankruptcies including third-party releases
Client expense: $23,940,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Bankruptcy
Monitored congressional efforts around the SACKLER Act, including H.R. 2096 / S. 2472 and HR 4777 / S 2497, including outreach regarding potential committee activity on the legislation.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Bankruptcy
- HR 4777/S 2497, "Nondebtor Release Prohibition Act of 2021", regarding all provisions - HR 2096/S 2472, "Stop Shielding Assets from Corporate Known Liability by Eliminating Non-Debtor Releases Act", regarding all provisions - Issues related to corporate Chapter 11 bankruptcy filings and divisive mergers
Client expense: $2,170,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Bankruptcy
S. 2497 Nondebtor Release Prohibition Act - to prohibit nonconsensual release of a nondebtor entitys liability to an entity other than the debtor; H.R.2096 the SACKLER ACT - prohibits a bankruptcy court from releasing claims against non-debtors brought by states, tribes, municipalities, or the federal government; Issues related to bankruptcy reform.
Client expense: $2,680,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Banking
Bankruptcy non-debtor relief issues Issues related to mass tort bankruptcies H.R. 2096, SACKLER Act H.R. 4777/S. 2497, Nondebtor Release Prohibition Act of 2021
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Taxation/Internal Revenue Code
Extension of the Production Tax Credit and Investment Tax Credit with 100% direct pay (HR 848 GREEN Act, S. 1298 and HR 5376 Build Back Better Act). Establishment of the storage investment tax credit (S.1142, HR 2096, HR 848, S. 1298, and HR 5376 Build Back Better Act). Establishment of a 30% investment tax credit for transmission (HR 2406, S.1016, S. 1298, and HR 5376 Build Back Better Act). Establishment of a clean energy manufacturing tax credit (S. 2909, HR 5466, S. 2766, and HR 5376 Build Back Better Act). Establishment of a tax credit for hydrogen derived from renewable energy (S.1017, S. 1298, and HR 5376 Build Back Better Act). Tax credit optionality (ITC/PTC) for offshore wind energy. Book Minimum Tax and deprecation.
Client expense: $250,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Taxation/Internal Revenue Code
- HR 2096/S 2472, "Stop Shielding Assets from Corporate Known Liability by Eliminating Non-Debtor Releases Act", regarding all provisions - HR 5214, regarding expenditures from HSAs, FSAs, and health reimbursement arrangements for dietary supplements - Issues related to Health Spending Accounts & Flexible Spending Accounts - Issues related to corporate tax provisions of reconciliation bill - U.S. Treasury policy and negotiating positions related to tax at the Organisation for Economic Co-operation and Development ("OECD")
Client expense: $1,050,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Bankruptcy
S. 2497 Nondebtor Release Prohibition Act - to prohibit nonconsensual release of a nondebtor entitys liability to an entity other than the debtor; H.R.2096 the SACKLER ACT - prohibits a bankruptcy court from releasing claims against non-debtors brought by states, tribes, municipalities, or the federal government; Issues related to bankruptcy reform.
Client expense: $2,710,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Bankruptcy
Monitored congressional efforts around the SACKLER Act, including H.R. 2096 / S. 2472 and HR 4777 / S 2497, including outreach regarding potential committee activity on the legislation.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Taxation/Internal Revenue Code
Extension of the Production Tax Credit and Investment Tax Credit with 100% direct pay (HR 848 GREEN Act, S. 1298 and HR 5376 Build Back Better Act). Establishment of the storage investment tax credit (S.1142, HR 2096, HR 848, S. 1298, and HR 5376 Build Back Better Act). Establishment of a 30% investment tax credit for transmission (HR 2406, S.1016, S. 1298, and HR 5376 Build Back Better Act). Establishment of a clean energy manufacturing tax credit (S. 2909, HR 5466, S. 2766, and HR 5376 Build Back Better Act). Establishment of a tax credit for hydrogen derived from renewable energy (S.1017, S. 1298, and HR 5376 Build Back Better Act). Tax credit optionality (ITC/PTC) for offshore wind energy. Book Minimum Tax and deprecation.
Client expense: $250,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Bankruptcy
H.R. 2096, Stop Shielding Assets from Corporate Known Liability by Eliminating non-debtor Releases (SACKLER) Act H.R. 4777/S. 2497, Nondebtor Release Prohibition Act of 2021 S. 574, Providing Responsible Oversight of Trusts to Ensure Compensation and Transparency (PROTECT) Asbestos Victims Act of 2021 Various issues relating to the U.S. Trustees authority to oversee the administration of bankruptcy trust funds; Chapter 11 bankruptcies including third-party releases and divisive mergers
Client expense: $15,800,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Banking
Bankruptcy non-debtor relief issues Issues related to mass tort bankruptcies H.R. 2096, SACKLER Act H.R. 4777, S. 2497, Nondebtor Release Prohibition Act of 2021
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Banking
Bankruptcy non-debtor relief issues Issues related to mass tort bankruptcies H.R. 2096 - All provisions of the SACKLER Act H.R. 4777, S. 2497 - All provisions of the Nondebtor Release Prohibition Act of 2021
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Taxation/Internal Revenue Code
- HR 2096/S 2472, "Stop Shielding Assets from Corporate Known Liability by Eliminating Non-Debtor Releases Act", regarding all provisions - HR 5214, regarding expenditures from HSAs, FSAs, and health reimbursement arrangements for dietary supplements - Issues related to Health Spending Accounts & Flexible Spending Accounts - Issues related to corporate tax provisions of reconciliation bill - U.S. Treasury policy and negotiating positions related to tax at the Organisation for Economic Co-operation and Development ("OECD")
Client expense: $2,320,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Taxation/Internal Revenue Code
Extension of the Production Tax Credit and Investment Tax Credit with 100% direct pay (HR 848 GREEN Act, S. 1298 and HR 5376 Build Back Better Act). Establishment of the storage investment tax credit (S.1142, HR 2096, HR 848, S. 1298, and HR 5376 Build Back Better Act). Establishment of a 30% investment tax credit for transmission (HR 2406, S.1016, S. 1298, and HR 5376 Build Back Better Act). Establishment of a clean energy manufacturing tax credit (S. 2909, HR 5466, S. 2766, and HR 5376 Build Back Better Act). Establishment of a tax credit for hydrogen derived from renewable energy (S.1017, S. 1298, and HR 5376 Build Back Better Act). Tax credit optionality (ITC/PTC) for offshore wind energy. Book Minimum Tax and deprecation.
Client expense: $220,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Bankruptcy
S. 2497 Nondebtor Release Prohibition Act - to prohibit nonconsensual release of a nondebtor entitys liability to an entity other than the debtor; H.R.2096 the SACKLER ACT - prohibits a bankruptcy court from releasing claims against non-debtors brought by states, tribes, municipalities, or the federal government; Issues related to bankruptcy reform.
Client expense: $3,250,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Bankruptcy
H.R. 2096, Stop Shielding Assets from Corporate Known Liability by Eliminating non-debtor Releases (SACKLER) Act H.R. 4777/S. 2497, Nondebtor Release Prohibition Act of 2021 S. 574, Providing Responsible Oversight of Trusts to Ensure Compensation and Transparency (PROTECT) Asbestos Victims Act of 2021 Various issues relating to the U.S. Trustees authority to oversee the administration of bankruptcy trust funds; United States bankruptcy code; Chapter 11 bankruptcies including third-party releases and divisive mergers
Client expense: $18,660,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Bankruptcy
Monitored congressional efforts around the SACKLER Act, including H.R. 2096 / S. 2472 and HR 4777 / S 2497, including outreach regarding potential committee activity on the legislation.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · fourth_quarter · Bankruptcy
Monitored ongoing congressional activity pertaining to bankruptcy reforms and use of non-debtor releases in bankruptcy (H.R. 2096 / S. 2472 and H.R. 4777 / 2497), including outreach regarding committee hearings held on these issues and potential future hearings and activity on the legislation.
Client expense: $118,375 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · fourth_quarter · Bankruptcy
Monitored congressional efforts around the SACKLER Act, including H.R. 2096 / S. 2472 and HR 4777 / S 2497, including outreach regarding potential committee activity on the legislation.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · fourth_quarter · Bankruptcy
H.R. 2096, Stop Shielding Assets from Corporate Known Liability by Eliminating non-debtor Releases (SACKLER) Act H.R. 4777/S. 2497, Nondebtor Release Prohibition Act of 2021 Potential legislation similar to S. 766, Providing Responsible Oversight of Trusts to Ensure Compensation and Transparency (PROTECT) Asbestos Victims Act of 2019 Various issues relating to the U.S. Trustees authority to oversee the administration of bankruptcy trust funds; United States bankruptcy code; Chapter 11 bankruptcies including third-party releases
Client expense: $19,560,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Bureau of Citizenship & Immigration Services (BCIS), Bureau of Industry and Security (BIS), Bureau of Reclamation, Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Consumer Financial Protection Bureau (CFPB), Council on Environmental Quality (CEQ), Defense, Dept of (DOD), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Bureau of Investigation (FBI), Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Energy Regulatory Commission (FERC), Federal Reserve System, Federal Trade Commission (FTC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Internal Revenue Service (IRS), Intl Trade Administration (ITA), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Aeronautics & Space Administration (NASA), Natl Economic Council (NEC), Natl Highway Traffic Safety Administration (NHTSA), Natl Institute of Standards & Technology (NIST), Natl Labor Relations Board (NLRB), Natl Science Foundation (NSF), Natl Security Council (NSC), Natl Telecommunications & Information Administration (NTIA), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of Science & Technology Policy (OSTP), Office of the Comptroller of the Currency (OCC), Patent & Trademark Office (PTO), Pension Benefit Guaranty Corporation (PBGC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Customs & Border Protection, U.S. Fish & Wildlife Service (USFWS), U.S. Trade Representative (USTR), White House Office
2021 · fourth_quarter · Banking
Bankruptcy non-debtor relief issues Issues related to mass tort bankruptcies H.R. 2096 - All provisions of the SACKLER Act H.R. 4777, S. 2497 - All provisions of the Nondebtor Release Prohibition Act of 2021
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · fourth_quarter · Taxation/Internal Revenue Code
- Issues related to Health Spending Accounts & Flexible Spending Accounts - Issues related to corporate tax provisions of reconciliation bill - U.S. Treasury policy and negotiating positions related to tax at the Organisation for Economic Co-operation and Development ("OECD") - HR 2096/S 2472 "Stop Shielding Assets from Corporate Known Liability by Eliminating Non-Debtor Releases Act", regarding all provisions.
Client expense: $880,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · fourth_quarter · Taxation/Internal Revenue Code
Extension of Production Tax Credit and Investment Tax Credit with direct pay (H.R. 848, GREEN Act, S. 1298, and H.R. 5376, Build Back Better Act). Establishment of storage investment tax credit (S. 1142, H.R. 2096, H.R. 848, S. 1298, and H.R. 5376, Build Back Better Act). Establishment of a 30% investment tax credit for high-voltage transmission (H.R. 2406, S. 1016, S. 1298, and H.R. 5376, Build Back Better Act). Establishment of a clean energy manufacturing tax credit, including in S. 2909, H.R. 5466, S. 2766, and H.R. 5376, Build Back Better Act. Establishment of a tax credit for hydrogen derived from clean electricity (S. 1017, S.1298, and H.R. 5376, Build Back Better Act). PTC optionality for offshore wind. Book Minimum Tax. Section 45 and 48 Backlog Monetization Proposal This proposal would provide refundability for existing Section 45 and 48 tax credits that companies have not been able to monetize following current-law 20-year carry-forward and one-year carryback rules. This likely low-cost policy proposal would lead to lower customer cost, make project approval faster, clear the disincentives for renewable investment, and free up tax equity.
Client expense: $530,000 · Firm income: Not reported
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, U.S. Coast Guard (USCG), White House Office
2021 · fourth_quarter · Bankruptcy
S. 2497 Nondebtor Release Prohibition Act - to prohibit nonconsensual release of a nondebtor entitys liability to an entity other than the debtor; H.R.2096 the SACKLER ACT - prohibits a bankruptcy court from releasing claims against non-debtors brought by states, tribes, municipalities, or the federal government.
Client expense: $3,330,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · fourth_quarter · Taxation/Internal Revenue Code
Advance policies to support deployment of clean power; H.R. 848 - GREEN Act and S. 1298, Clean Energy for America Act; Extension of Production Tax Credit and Investment Tax Credit with direct pay, establishment of storage investment tax credit (S. 1142, H.R. 2096), establishment of a 30% investment tax credit for high-voltage transmission (H.R. 2406 and S. 1016), Establishment of a clean energy manufacturing tax credit, Establishment of a tax credit for hydrogen derived from clean electricity, PTC optionality for offshore wind; labor and domestic content provisions in tax legislation including Davis-Bacon requirements; book minimum tax; S. 622, American Jobs in Energy Manufacturing Act. S. 2118, Clean Energy for America Act; reconciliation bills including S. Con. Res. 14 and H.R. 5376- the Build Back Better Act.
Client expense: Not reported · Firm income: $150,000
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, Maritime Administration (MARAD), SENATE
2021 · fourth_quarter · Bankruptcy
In communications w/ House and Senate, express continued support for HR2096, The Sackler Act, to prevent family from using bankruptcy of Purdue Pharma to protect its opioid profits from lawsuits by individuals, states or tribes. 21 October - Join group letter to House Judiciary members to support H.R. 4777, the Nondebtor Release Prohibition Act of 2021, which would prevent Johnson and Johnson efforts to avoid liability for talc contamination by corporate reorganization and also prevent Sackler efforts as would HR2096, The Sackler Act.
Client expense: $10,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Education, Dept of, Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of
2021 · fourth_quarter · Law Enforcement/Crime/Criminal Justice
General litigation reform issues; H.R. 963/S. 505 - Forced Arbitration Injustice Repeal Act; S. 2472/H.R. 2096 - SACKLER Act; S. 2342/H.R. 4445 - Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act of 2021.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · fourth_quarter · Torts
General litigation reform issues; H.R. 963/S. 505 - Forced Arbitration Injustice Repeal Act; S. 2472/H.R. 2096 - SACKLER Act; S. 2342/H.R. 4445 - Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act of 2021.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · fourth_quarter · Bankruptcy
S. 2472/H.R. 2096 - SACKLER Act.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · third_quarter · Bankruptcy
Monitored ongoing congressional activity pertaining to bankruptcy reforms and use of non-debtor releases in bankruptcy (H.R. 2096 / S. 2472 and H.R. 4777 / 2497), including outreach regarding committee hearings held on these issues and potential future hearings and activity on the legislation.
Client expense: $118,375 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · third_quarter · Bankruptcy
H.R. 2096, Stop Shielding Assets from Corporate Known Liability by Eliminating non-debtor Releases (SACKLER) Act H.R. 4777/S. 2497, Nondebtor Release Prohibition Act of 2021 Potential legislation similar to S. 766, Providing Responsible Oversight of Trusts to Ensure Compensation and Transparency (PROTECT) Asbestos Victims Act of 2019 Various issues relating to the U.S. Trustees authority to oversee the administration of bankruptcy trust funds; United States bankruptcy code; Chapter 11 bankruptcies including third-party releases
Client expense: $16,360,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Bureau of Citizenship & Immigration Services (BCIS), Bureau of Industry and Security (BIS), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Energy Regulatory Commission (FERC), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Institute of Standards & Technology (NIST), Natl Labor Relations Board (NLRB), Natl Security Council (NSC), Natl Telecommunications & Information Administration (NTIA), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of Science & Technology Policy (OSTP), Office of the Comptroller of the Currency (OCC), Patent & Trademark Office (PTO), Pension Benefit Guaranty Corporation (PBGC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Customs & Border Protection, U.S. Trade Representative (USTR), White House Office
2021 · third_quarter · Taxation/Internal Revenue Code
Extension of Production Tax Credit and Investment Tax Credit with direct pay (H.R. 848, GREEN Act, and S. 1298) Direct pay for renewable tax credits (S. 985 and S. 1298) Establishment of storage investment tax credit (S. 1142, H.R. 2096, H.R. 848, and S. 1298) Establishment of a 30% investment tax credit for high-voltage transmission (H.R. 2406 ,S. 1016, and S. 1298) Establishment of a clean energy manufacturing tax credit, including in S. 2909 and H.R. 5466 and S. 2766. Establishment of a tax credit for hydrogen derived from clean electricity (S. S. 1017 and S.1298). PTC optionality for offshore wind Section 45 and 48 Backlog Monetization Proposal This proposal would provide refundability for existing Section 45 and 48 tax credits that companies have not been able to monetize following current-law 20-year carry-forward and one-year carryback rules.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · third_quarter · Bankruptcy
S. 2497 Nondebtor Release Prohibition Act - to prohibit nonconsensual release of a nondebtor entitys liability to an entity other than the debtor; H.R.2096 the SACKLER ACT - prohibits a bankruptcy court from releasing claims against non-debtors brought by states, tribes, municipalities, or the federal government.
Client expense: $3,250,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · third_quarter · Banking
Bankruptcy non-debtor relief issues Issues related to mass tort bankruptcies H.R. 2096 - All provisions of the SACKLER Act H.R. 4777, S. 2497 - All provisions of the Nondebtor Release Prohibition Act of 2021
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · third_quarter · Taxation/Internal Revenue Code
Extension of Production Tax Credit and Investment Tax Credit with direct pay (H.R. 848, GREEN Act, and S. 1298). Direct pay for renewable tax credits (S. 985 and S. 1298). Establishment of storage investment tax credit (S. 1142, H.R. 2096, H.R. 848, and S. 1298). Establishment of a 30% investment tax credit for high-voltage transmission (H.R. 2406, S. 1016, and S. 1298). Establishment of a clean energy manufacturing tax credit, including in S. 2909 and H.R. 5466. Establishment of a tax credit for hydrogen derived from clean electricity (S. 1017 and S. 1298). PTC optionality for offshore wind. Volumetric manufacturing tax credit. Onshore wind manufacturing tax credit. Battery and storage manufacturing tax credit. Offshore wind manufacturing tax credit. Solar manufacturing tax credit. Section 45 and 48 Backlog Monetization Proposal. This proposal would provide refundability for existing Section 45 and 48 tax credits that companies have not been able to monetize following current-law 20-year carry-forward and one-year carryback rules.
Client expense: $529,000 · Firm income: Not reported
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), SENATE, Treasury, Dept of, U.S. Coast Guard (USCG), White House Office
2021 · third_quarter · Taxation/Internal Revenue Code
- Issues related to Health Spending Accounts & Flexible Spending Accounts - Issues related to corporate tax provisions of reconciliation bill - U.S. Treasury policy and negotiating positions related to tax at the Organisation for Economic Co-operation and Development ("OECD") - HR 2096/S 2472 "Stop Shielding Assets from Corporate Known Liability by Eliminating Non-Debtor Releases Act", regarding all provisions.
Client expense: $1,920,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · third_quarter · Taxation/Internal Revenue Code
Advance policies to support deployment of clean power; H.R. 848 - GREEN Act and S. 1298, Clean Energy for America Act, Extension of Production Tax Credit and Investment Tax Credit with direct pay, establishment of storage investment tax credit (S. 1142, H.R. 2096), establishment of a 30% investment tax credit for high-voltage transmission (H.R. 2406 and S. 1016), Establishment of a clean energy manufacturing tax credit, Establishment of a tax credit for hydrogen derived from clean electricity, PTC optionality for offshore wind; labor and domestic content provisions in tax legislation including Davis-Bacon requirements; S. 622, American Jobs in Energy Manufacturing Act. S. 2118, Clean Energy for America Act; reconciliation bills including S. Con. Res. 14 and H.R. 5376- the Build Back Better Act.
Client expense: Not reported · Firm income: $150,000
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, Maritime Administration (MARAD), SENATE
2021 · third_quarter · Bankruptcy
Monitored congressional efforts around the SACKLER Act, including H.R. 2096 / S. 2472 and HR 4777 / S 2497, including outreach regarding potential committee activity on the legislation.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · third_quarter · Law Enforcement/Crime/Criminal Justice
General litigation reform issues; H.R. 963/S. 505 - Forced Arbitration Injustice Repeal Act; American Rescue Plan Act of 2021 (PL 117-2), issues related to liability protection; S. 2472/H.R. 2096 - SACKLER Act.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · third_quarter · Torts
General litigation reform issues; H.R. 963/S. 505 - Forced Arbitration Injustice Repeal Act; S. 2472/H.R. 2096 - SACKLER Act.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · third_quarter · Bankruptcy
S. 2472/H.R. 2096 - SACKLER Act.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · second_quarter · Taxation/Internal Revenue Code
Advance policies to support deployment of clean power; H.R. 848 - GREEN Act and S. 1298, Clean Energy for America Act, Extension of Production Tax Credit and Investment Tax Credit with direct pay, establishment of storage investment tax credit (S. 1142, H.R. 2096), establishment of a 30% investment tax credit for high-voltage transmission (H.R. 2406 and S. 1016), Establishment of a clean energy manufacturing tax credit, Establishment of a tax credit for hydrogen derived from clean electricity, PTC optionality for offshore wind; labor and domestic content provisions in tax legislation including Davis-Bacon requirements; S. 622, American Jobs in Energy Manufacturing Act.
Client expense: Not reported · Firm income: $50,000
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE
2021 · second_quarter · Taxation/Internal Revenue Code
Extension of Production Tax Credit and Investment Tax Credit with direct pay (H.R. 848, GREEN Act, and S. 1298); Direct pay for renewable tax credits (S. 985 and S. 1298); Establishment of storage investment tax credit (S. 1142, H.R. 2096, H.R. 848, and S. 1298); Establishment of a 30% investment tax credit for high-voltage transmission (H.R. 2406 ,S. 1016, and S. 1298); Establishment of a clean energy manufacturing tax credit; Establishment of a tax credit for hydrogen derived from clean electricity (S. 1017 and S.1298); PTC optionality for offshore wind; Refundability Section 45 and 48 Backlog Monetization Proposal (Pending PASC Vote).
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2021 · second_quarter · Health Issues
H.R. 1319 - American Rescue Plan Act - monitored process for impacts to pharmaceutical industry supply chain and state aide contained in the latest COVID-19 relief bill. Monitored the confirmation hearings for nominated officials from the Department of Health and Human Services and Department of Justice H.R. 1384 - Mainstreaming Addiction Treatment Act of 2021: Monitoring legislation that would expand access to substance use disorder treatment by removing certain barriers to care. H.R. 2096 - Stop Shielding Assets from Corporate Known Liability by Eliminating Non-Debtor Releases Act: monitoring bill that would amend bankruptcy law to prohibit federal bankruptcy courts from granting releases to non-debtor third parties against claims brought by governmental entities.
Client expense: $198,400 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE