Why It Matters
SK Americas Inc. is lobbying on implementation of P.L. 119-21, the One Big Beautiful Bill Act, signed July 4, 2025, as Treasury works through the law's clean-energy tax-credit provisions under a July 7, 2025 executive order.
By the Numbers
Invariant LLC reported $140,000 for SK Americas in the third quarter of 2026. That figure has held at $140,000 per quarter in every quarter from the third quarter of 2024 through the third quarter of 2026.
Two other registrants filed for the third quarter of 2026: Squire Patton Boggs at $240,000 and Chartwell Strategy Group LLC at $60,000, bringing the reported third-quarter total so far to $440,000. Squire Patton Boggs' fee rose $60,000 from the second quarter of 2026. The in-house SK Americas team and Capitol Resources LLC have not yet filed for the third quarter of 2026, so the quarter is incomplete. SK Americas' total across all registrants was $1,985,000 in the second quarter of 2026, up $85,000 from the first quarter of 2026.
Ballard Partners LLC filed a new client registration for SK Americas in 2026, naming Brian Ballard and Justin Sayfie. Covington & Burling LLP filed a termination for SK Americas in the first quarter of 2025 and has not appeared since.
The nine lobbyists on the Invariant LLC filing:
- Ken Barbic, principal/chair, Food and Agriculture Practice Group; prior government experience, including Ways and Means Committee service in the 108th through 110th Congresses
- Chris Gillott, principal; prior experience with Sen. Bill Cassidy (R-LA) and Rep. Bobby Jindal (R-LA-1)
- Nicole Venable, senior vice president; prior experience with Rep. William Jefferson (D-LA-2)
- Landon Stropko, member; prior experience with Sen. Markwayne Mullin (R-OK) and Senate Health, Education, Labor and Pensions Committee
- Kris Denzel, senior director; prior experience with Reps. Brad Knott (R-NC-13), George Holding (R-NC-2), and Bob Dold (R-IL-10)
- Sean Sweeney, director; prior government experience
- Annie D'Amato, senior director; committee experience on the Senate Environment and Public Works Committee, 116th through 118th Congresses
- Damian Ortega, government relations manager, energy and environment
- Ryan Dilworth, senior director; prior experience with Rep. Beth Van Duyne (R-TX-24)
Broader Context
P.L. 119-21 was enacted July 4, 2025; a July 7, 2025 executive order directed Treasury to terminate wind and solar clean-electricity production and investment credits and implement the law's clean-energy tax provisions. The residential clean-energy credit ended for expenditures made after calendar year 2025 under the law's expiration rule.
The Sierra Club's climate-policy director Patrick Drupp called the bill "the most anti-environment bill in history," citing elimination of the electric-vehicle tax credit, advanced manufacturing credits, and wind and solar incentives; the Sierra Club cited Energy Innovation's estimate of a 10 to 18 percent increase in utility rates over 10 years. The American Petroleum Institute welcomed Senate passage of the bill, with President Mike Sommers arguing it would bolster U.S. energy advantage and economic growth by opening lease sales and expanding access to oil and natural-gas development.
On semiconductors and AI, a January 2026 presidential proclamation imposed a 25 percent tariff on specified semiconductor articles. H.R. 5022, the No Advanced Chips for the CCP Act of 2025, was introduced Aug. 1, 2025, and referred to the House Foreign Affairs Committee; it would require congressional approval for exports of advanced AI semiconductors to China.
The Bottom Line
The next decision point on the filing's primary disclosed issue is Treasury's ongoing rulemaking on P.L. 119-21's clean-energy tax provisions; the research identifies no statutory deadline for completing it. Across complete quarters, Squire Patton Boggs' fee for SK Americas has risen while Invariant LLC's has held flat and Covington & Burling LLP has been absent since its first-quarter 2025 termination.
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