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ARTICLE · 08 NOVEMBER 2017

"Mind Your Own (Unrelated) Business!!"

Stroock & Stroock & Lavan LLP
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On November 6, 2017, House Ways and Means Committee Chairman Kevin Brady introduced the Tax Cuts and Jobs Act, the long- awaited Republican-sponsored tax bill.

United StatesEmployment and HR
Steven Rabitz
Steven Rabitz
Marissa Holob
Marissa Holob
Mayer Greenberg
Mayer Greenberg
Michelle M. Jewett
Michelle M. Jewett
Jeffrey Uffner
Jeffrey Uffner
Brian A. Friederich
Brian A. Friederich
Micah Bloomfield
Micah Bloomfield
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What Public Pension Plans (and Those That Transact with Them) May Say About UBTI-Related Provisions of the House Majority Tax Bill

I. Introduction

On November 6, 2017, House Ways and Means Committee Chairman Kevin Brady (R-TX) introduced the Tax Cuts and Jobs Act, the long- awaited Republican-sponsored tax bill (the "House Bill"). The House Bill proposes a significant overhaul to the Internal Revenue Code of 1986, as amended (the "Code").

This Stroock Special Bulletin calls attention to a provision in the House Bill that may dramatically alter the investment calculus of state and municipal government public sector retirement plans. Consequently, many financial service providers – including investment managers, investment banks, and derivatives counterparties

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