Shell Midstream Partners L.P. - Unit

Provides crucial analysis and 'revenue estimates' for tax legislation, directly influencing corporate tax structures and capital investment rules that significantly affect SHLX's financial performance and valuation as an MLP.

Controls taxation and trade policy, which directly impacts corporate valuations through tax rates, capital expenditure incentives, and the specific tax treatment of Master Limited Partnerships (MLPs) like SHLX, profoundly affecting its financial performance.

Allocates federal discretionary spending. Its subcommittees directly influence funding for energy infrastructure projects, environmental programs, and related research, which can significantly impact pipeline development and operations, and thus SHLX's potential projects.

Directly oversees national energy policy, public lands, and the Department of Energy, which are critical for the permitting, construction, and operation of crude oil pipelines and overall energy development.

Directly regulates the EPA and environmental policies crucial for pipeline construction, operation, and maintenance (e.g., permits, emissions, spill prevention). This committee heavily influences regulatory costs and project feasibility for SHLX.