UPDATE: Senate Bill Will No Longer Include Carried Interest Provisions

According to public statements by the offices of Senator Kyrsten Sinema and Senator Charles Schumer, the carried interest provisions will be removed from the Inflation Reduction Act of 2022 (the “Proposed Act”).  See our earlier client alert “Proposed Senate Bill Would Impact Carried Interests.”  Senator Sinema’s office indicated that she would work with Senator Mark Warner on provisions regarding carried interests in separate legislation at some point in the future.  We are continuing to monitor the Proposed Act as it is considered by Congress.  Please reach out to us with any questions about carried interests or the Proposed Act.