Managed Portfolio Series - Tortoise North American Pipeline Fund ETF

This committee provides the technical analysis and revenue estimates for all tax legislation. Its work directly informs and shapes tax policy that impacts corporate structures, capital investment, and the overall tax burden on pipeline companies.

This powerful committee controls taxation and trade policy. Changes to corporate tax rates, depreciation schedules, or energy-related tax credits directly impact the profitability and valuation of pipeline companies.

This committee allocates federal discretionary spending. Its subcommittees can determine funding for agencies that oversee or support pipeline infrastructure, or potentially direct funds to specific infrastructure projects impacting TPYP's holdings.

This committee oversees the CFTC, which regulates the derivatives/futures market. Hedging of oil and gas commodity prices, crucial for pipeline companies' revenue stability, is directly impacted by CFTC regulations and oversight.

This committee regulates the entire financial system, including banks and capital markets. It influences the financing and investment environment for large infrastructure projects like pipelines, affecting their ability to raise capital and manage debt.

Many pipeline projects traverse Native American tribal lands. This committee's legislation regarding tribal rights and energy development on tribal territory is critical for securing rights-of-way and project approvals, directly impacting pipeline companies.

This committee has direct oversight of national energy policy, public lands, and the Department of Energy. Its decisions on energy production, leasing, and infrastructure projects profoundly impact the pipeline sector.

This committee directly oversees the EPA, which regulates environmental permitting, impact assessments, and pollution controls crucial for pipeline construction and operation. Its influence on infrastructure projects directly impacts the pipeline sector.