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Tim Shadyac is a director in the Government Affairs Group, where he assists clients with legislative and regulatory issues. Tim’s areas of focus include the implementation of the Affordable Care Act and other health reform efforts, the Medicare program, drug pricing policy, and the broad impact of politics on health care policy.

Tim has experience working in a variety of health care sector settings. Prior to joining Crowell & Moring, Tim advised clients on a number of health care policy issues at Avalere Health, a D.C.-based health policy consultancy. Throughout his time at Avalere, Tim specialized in matters of importance to the life sciences industry and worked closely with various patient advocacy groups. His work was largely concentrated on issues related to the outcome of presidential and congressional elections, drug pricing policy, and Medicare Part D benefit design. Tim also served in the federal government affairs, public policy, and advocacy groups at Sanofi for nearly four years. There, he monitored and analyzed federal health policy to assess the business impact and developed strategies for response. In his role with the advocacy group, Tim sought opportunities to reflect the patient voice in regulatory guidance and identified opportunities for partnership with patient advocates.

President Biden will soon sign into law the Inflation Reduction Act (IRA), which provides $750 billion in funding and major federal policy changes impacting the U.S. energy, environment, healthcare and tax sectors. On August 7, 2022, the IRA passed the U.S. Senate by an all-Democrat 50-50 party line vote, with Vice President Harris breaking the tie and ensuring passage. On August 12, 2022, the IRA passed the U.S. House by a vote of 220 to 207. The President’s signature, will make the bill law, and allow President Biden, U.S. Senate Majority Leader Chuck Schumer (D-NY), and U.S. House Speaker Nancy Pelosi (D-CA) to claim a major victory while making progress on a portion of the President’s Build Back Better agenda just three months before the mid-term elections on November 8, 2022.

The Crowell and Moring LLP and Crowell & Moring International (CMI) teams have put together this Client Alert with two main purposes. The first is to provide a summary of the highlights of the bill, which is included in Section I, and the second is to provide a more detailed section-by-section review of the bill, which is provided in Section II.

Continue Reading President Biden To Sign New Inflation Reduction Act

At an event in Pittsburgh, PA, yesterday, President Biden unveiled his plans for creating jobs and growing the economy by investing more than $2 trillion in infrastructure, improving access to childcare and educational opportunities, and reforming the corporate tax system. Dubbed the American Jobs Plan, the proposal fulfills a number of campaign promises and incorporates many of the legislative proposals for transforming the power generation and transportation sectors, improving racial equity and economic opportunity for all Americans, and strengthening the country’s labor force and communities that have passed the Democratic led House of Representatives over the past two years.
Continue Reading Biden First 100 Days Update: The Biden Infrastructure and Jobs Plan: Highlights of $2 Trillion Proposal That Would Remake Transportation and Energy Sectors, Address Inequality, and Increase Taxes on Corporations