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Protecting Europe's Energy Security Implementation Act
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
85pct
26d open
vs 5,357 other S bills in the 117th — cohort avg 38d
Protecting Europe's Energy Security Implementation Act This bill requires the President to impose sanctions related to the Nord Stream 2 pipeline and addresses related issues. (Nord Stream 2 is a pipeline that would increase Russia's natural gas export capacity directly to Germany.) Specifically, the President must impose property-blocking sanctions on any entity established for or responsible for the planning, construction, or operation of Nord Stream 2. The President must also impose visa-blocking sanctions on any corporate officers of such an entity. The bill also requires the President to report to Congress before waiving certain sanctions related to Russia. If Congress passes a joint resolution of disapproval after receiving the report, the President may not waive the sanctions.
Yes
55
No
44
Present
0
Not Voting
1
Party Breakdown
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 (4)
2024 · second_quarter · Taxation/Internal Revenue Code
Extension of TCJA Business Tax Provisions & Tax Issues in Biden Administrations Fiscal Year 2025 Budget NMHC supports making permanent individual tax rates and the 20 percent qualified business income tax deduction that expire at the end of 2025. S. 1706, Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. H.R. 4721, Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. H.R. 7024, Tax Relief for American Families and Workers Act of 2024, Title II -- American Innovation and Growth, Section 202: Extension of allowance for depreciation, amortization, or depletion in determining the limitation on business interest, Section 203: Extension of 100 percent bonus depreciation, and Section 204: Increase in limitations on expensing of depreciable business assets; Title V -- More Affordable Housing, Section 501: State housing credit allowance ceiling increase for low-income housing credit and Section 502: Tax-exempt bond financing requirement. General Explanations of the Administration's Fiscal Year 2025 Revenue Proposals: Provide a neighborhood homes credit; Expand and enhance the Low-Income Housing Tax Credit; Apply the net investment income tax to pass-through business income of high-income taxpayers; Increase the net investment income tax rate and additional Medicare tax rate for high-income taxpayers; Increase the top marginal income tax rate for high-income earners; Reform the taxation of capital income; Tax carried (profits) interests as ordinary income; Repeal deferral of gain from like-kind exchanges; and Require 100 percent depreciation recapture of depreciation deductions as ordinary income for certain depreciable real property. Estate Tax, Stepped-Up Basis, and Taxation of Unrealized Capital Gains at Death NMHC supports making permanent the Estate Tax rules enacted as part of the Tax Cuts and Jobs Act of 2017. NMHC supports retaining current law providing for stepped-up basis at death and taxation of capital gains upon actual sale. Carried Interest NMHC believes that carried interest should be treated as a long-term capital gain if the underlying asset is held for at least one year. Like-Kind Exchanges NMHC supports retaining current law. Depreciation Recapture Congress should oppose measures to increase the 25 percent depreciation recapture rate applicable to sales. Low-Income Housing Tax Credit and Middle-Income Housing Tax Credit S. 3436, Workforce Housing Tax Credit Act, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 6686, Workforce Housing Tax Credit Act, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 3238, Affordable Housing Credit Improvement Act of 2023, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions, in particular issues relating to increased tax credit authority and tax-exempt bond financing requirements. S. 1557, Affordable Housing Credit Improvement Act of 2023, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions, in particular issues relating to increased tax credit authority and tax-exempt bond financing requirements. NMHC supports an increase in the private-activity bond volume cap to enhance the use of 4 percent Low-Income Housing Tax Credits. Studied legislative proposals impacting the Low-Income Housing Tax Credit pertaining to encouraging the submetering of utility costs at Low-Income Housing Tax Credit properties. Adaptive Reuse Federal tax policies to encourage repurposing of non-residential properties into residential rental property, including proposals to establish tax credits and to enable housing finance agencies to issue private activity bonds to help facilitate adaptive reuse of underutilized properties, particularly in areas that have a plan to track discriminatory land use policies. Draft Legislation, Revitalizing Downtowns and Main Streets Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing, all provisions, including proposal to modify bill to not reduce basis of the investment credit created in the bill for purposes of the Low-Income Housing Tax Credit. H.R. 419, Revitalizing Downtowns Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for the conversion of office buildings into other uses, all provisions. S. 2511 (117th Congress), Revitalizing Downtowns Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for the conversion of office buildings into other uses, all provisions. Opportunity Zones NMHC supports: Enabling States to recertify and/or redesignate Opportunity Zones to account for current economic realities and changes since Zones were originally designated; (2) Establishing new deferral deadlines so that taxpayers are incentivized to receive both a longer deferral period and the potential for a 10 percent or 15 percent basis increase with respected to reinvested capital gains; and (3) Reducing the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes. Self-Employment Taxes Issues pertaining to the Self Employment Contribution Act exception for limited partners in IRC section 1402(a)(13).
Under the order of 12/18/21, not having achieved 60 votes in the affirmative, failed of passage in Senate by Yea-Nay Vote. 55 - 44. Record Vote Number: 8.
SenateFailed of passage/not agreed to in Senate: Under the order of 12/18/21, not having achieved 60 votes in the affirmative, failed of passage in Senate by Yea-Nay Vote. 55 - 44. Record Vote Number: 8.
SenateMeasure laid before Senate by unanimous consent. (consideration: CR S198-217)
Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 231.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov · House Clerk roll-call votes
| #8 | senate | On Passage of the Bill | Bill Defeated (55-44, 3/5 majority required) | January 13, 2022 |
Client expense: $2,590,000 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of
2023 · fourth_quarter · Taxation/Internal Revenue Code
Extension of TCJA Business Tax Provisions & Tax Issues in Biden Administrations Fiscal Year 2024 Budget NMHC supports extending individual tax rates and the 20 percent qualified business income tax deduction that expires at the end of 2025. S. 1706, Main Street Tax Certainty Act of 2023, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. H.R. 4721, Main Street Tax Certainty Act of 2023, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. NMHC supports extension of 100 bonus depreciation and restoring EBITDA for purposes of calculating the limitation on the deductibility of business interest. H.R. 3938, Build It In America Act, to amend the Internal Revenue Code of 1986 to encourage economic growth, Title I -- Investment in America: Section 102: Extension of allowance for depreciation, amortization, or depletion in determining the limitation on business interest and Section 103: Extension of 100 bonus depreciation. General Explanations of the Administration's Fiscal Year 2024 Revenue Proposals: Apply the net investment income tax to pass-through business income of high-income taxpayers; Increase the net investment income tax rate and additional Medicare tax rate for high-income taxpayers; Reform the taxation of capital income; and Require 100 percent depreciation recapture of depreciation deductions as ordinary income for certain depreciable real property. Estate Tax, Stepped-Up Basis, and Taxation of Unrealized Capital Gains at Death NMHC supports making permanent the Estate Tax rules enacted as part of the Tax Cuts and Jobs Act of 2017. NMHC supports retaining current law providing for stepped-up basis at death and taxation of capital gains upon actual sale. Forthcoming House legislation: Death Tax Repeal Act of 2024, the forthcoming House version of S. 1108, Death Tax Repeal Act of 2023, all provisions. Carried Interest NMHC believes that carried interest should be treated as a long-term capital gain if the underlying asset is held for at least one year. S. 3317, to amend the Internal Revenue Code of 1986 to revise the treatment of partnership interests received in connection with the performance of services, and for other purposes, all provisions. Like-Kind Exchanges NMHC supports retaining current law. Low-Income Housing Tax Credit and Middle-Income Housing Tax Credit S. 680, Decent, Affordable, Safe Housing for All Act (DASH Act), to provide rental housing vouchers for the homeless, and for other purposes, Title I -- Housing Assistance, Subtitle A -- General Housing Assistance, Section 111: Rental Vouchers for the Homeless, portion of section pertaining to source of income rules; and Section 114: Supporting pro-housing development; Title II -- Revenue Provisions: Sections 201-210 pertaining to the Low-Income Housing Tax Credit; Section 211: Study of tax incentives for the conversion of commercial property to affordable housing; Section 212: Renter's credit; and Section 213: Middle-income housing tax credit. S. 3436, Workforce Housing Tax Credit Act, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 6686, Workforce Housing Tax Credit Act, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 3238, Affordable Housing Credit Improvement Act of 2023, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions, in particular issues relating to increased tax credit authority, tax-exempt bond financing requirements, and the Violence Against Women Act. S. 1557, Affordable Housing Credit Improvement Act of 2023, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions, in particular issues relating to increased tax credit authority, tax-exempt bond financing requirements, and the Violence Against Women Act. NMHC supports an increase in the private-activity bond volume cap to enhance the use of 4 percent Low-Income Housing Tax Credits. Draft legislation, to amend the Internal Revenue Code of 1986 to allow for the reallocation of unused volume cap for private activity bonds for qualified residential rental projects, all provisions. Draft legislation, to amend the Internal Revenue Code of 1986 to increase low-income housing credit allocations and private activity bond caps for States experiencing a shortage of work-force housing, all provisions. H.R. 6721, Rent Relief Act of 2023, to amend the Internal Revenue Code of 1986 to allow for a credit against tax for rent paid on the personal residence of the taxpayer, all provisions. Adaptive Reuse Draft Proposal: Federal tax policies to encourage repurposing of non-residential properties into residential rental property, including proposals to establish tax credits and to enable housing finance agencies to issue private activity bonds to help facilitate adaptive reuse of underutilized properties, particularly in areas that have a plan to track discriminatory land use policies. Draft legislation, Commercial-to-Housing Conversion Act of 2023, to amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing and to allow the issuance of private activity bonds for affordable housing conversions, all provisions. H.R. 419, Revitalizing Downtowns Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for the conversion of office buildings into other uses, all provisions. S. 2511 (117th Congress), Revitalizing Downtowns Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for the conversion of office buildings into other uses, all provisions.
Client expense: $1,890,000 · Firm income: Not reported
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of
2022 · second_quarter · Trade (domestic/foreign)
HR 2393 No Oil Producing and Exporting Cartels Act of 2021; HR 6470 Defending Ukraine Sovereignty Act of 2022 (provisions relating to U.S. LNG exports and energy sector sanctions); HR 6742 Never Yielding Europes Territory (NYET) Act of 2022 (provisions relating to U.S. LNG exports and energy sector sanctions); HR 6968 Ending Importation of Russian Oil Act; HR 7014 To suspend normal trade relations treatment for the Russian Federation and the Republic of Belarus, and for other purposes (provisions relating to oil and gas and crude oil trading); HR 7108 Suspending Normal Trade Relations with Russia and Belarus Act (provisions relating to crude oil trading and natural gas); HR 7185 Federal Contracting for Peace and Security Act (provisions relating to U.S. oil and gas industry operations); HR 7991 Keeping Russias Energy and Military Liable for Invading its Neighbors Act (provisions relating to U.S. oil and gas industry operations); S 3407 Guaranteeing Ukrainian Autonomy by Reinforcing its Defense (GUARD) Act of 2021 (provisions relating to U.S. LNG exports and energy sector sanctions); S 3436 Protecting Europe's Energy Security Implementation Act (provisions relating to U.S. LNG exports and energy sector sanctions); S 3488 Defending Ukraine Sovereignty Act of 2022 (provisions relating to U.S. LNG exports and energy sector sanctions); S 3652 Never Yielding Europes Territory (NYET) Act of 2022 (provisions relating to U.S. LNG exports and energy sector sanctions); S 3757 Ban Russian Energy Imports Act; S 3786 A bill to suspend normal trade relations treatment for the Russian Federation and the Republic of Belarus, and for other purposes (provisions relating to crude oil trading and natural gas); S 819 The Energy Security Cooperation with Allied Partners in Europe (ESCAPE) Act; S 977 No Oil Producing and Exporting Cartels Act of 2021; efforts related to enforcement of USMCA; efforts related to the export of natural gas, petroleum, and petroleum products.
Client expense: $1,300,000 · Firm income: Not reported
Government targets: Energy, Dept of, HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS), U.S. Trade Representative (USTR)
2022 · first_quarter · Trade (domestic/foreign)
HR 6470 Defending Ukraine Sovereignty Act of 2022 (provisions relating to U.S. LNG exports and energy sector sanctions); HR 6742 Never Yielding Europes Territory (NYET) Act of 2022 (provisions relating to U.S. LNG exports and energy sector sanctions); HR 6968 Ending Importation of Russian Oil Act (provisions relating to crude oil trading); HR 7014 To suspend normal trade relations treatment for the Russian Federation and the Republic of Belarus, and for other purposes (provisions related to crude oil trading); HR 7108 Suspending Normal Trade Relations with Russia and Belarus Act (provisions related to crude oil trading and natural gas); S 3407 Guaranteeing Ukrainian Autonomy by Reinforcing its Defense (GUARD) Act of 2021 (provisions relating to U.S. LNG exports and energy sector sanctions); S 3436 Protecting Europe's Energy Security Implementation Act (provisions relating to U.S. LNG exports and energy sector sanctions); S 3488 Defending Ukraine Sovereignty Act of 2022 (provisions relating to U.S. LNG exports and energy sector sanctions); S 3652 Never Yielding Europes Territory (NYET) Act of 2022 (provisions relating to U.S. LNG exports and energy sector sanctions); S 3757 Ban Russian Energy Imports Act (provisions relating to crude oil trading); S 3786 A bill to suspend normal trade relations treatment for the Russian Federation and the Republic of Belarus, and for other purposes (provisions relating to crude oil trading); S 819 The Energy Security Cooperation with Allied Partners in Europe (ESCAPE) Act (provisions relating to U.S. LNG exports); Border Adjustment Trade Policy; Efforts related to the export of natural gas, petroleum and petroleum products.
Client expense: $1,150,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS), U.S. Trade Representative (USTR)
2022 · first_quarter · Energy/Nuclear
HR 7285 "Unleashing American Energy Act," all provisions. S 3436 "Protecting Europe's Energy Security Implementation Act," all provisions. Issues pertaining to American energy exploration and expanding domestic energy production.
Client expense: $140,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · fourth_quarter · Trade (domestic/foreign)
Continue monitoring new Administration sanctions, H.R. 4350 2022 NDAA for banking, trade, and sanctions issues. H.R. 4373 FY2022 Foreign Operations and Appropriations Bill S. 3436, Protecting Europe's Energy Security Implementation Act S. 3488, Defending Ukraine Sovereignty Act of 2022 S. 2986, A bill to require a review of sanctions with respect to Russian kleptocrats and human rights abusers
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS)
2021 · fourth_quarter · Banking
Continue monitoring new Administration sanctions, H.R. 4350 2022 NDAA for banking, trade and sanctions issues. H.R. 4373 FY2022 Foreign Operations and Appropriations Bill S. 3436, Protecting Europe's Energy Security Implementation Act S. 3488, Defending Ukraine Sovereignty Act of 2022 S. 2986, A bill to require a review of sanctions with respect to Russian kleptocrats and human rights abusers
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS)