Brent Carney participated as a speaker at the Department of Treasury and IRS public hearing on the second round draft regulations for qualified opportunity funds held at the New Carrollton Federal Building on July 9, 2019.   Brent’s testimony focused mainly on QOZB property, specifically these two points: 1) the definition of original use; and 2) how do vacant properties fall into the definition of original use. He was also asked about his written comments requesting that Treasury make the deadline for the basis step-up dates more flexible, so that the 7-year and 5-year holds could be achieved beyond the current December 31, 2026 deadline. See Brent’s public comment letter.