PublicationsInsights on Current Policy Issues

  • March 7, 2017

    By Frank Vlossak

    On February 24, 2017, President Trump signed an Executive Order entitled “Enforcing the Regulatory Reform Agenda”. The Executive Order establishes mechanisms intended to reduce regulations, including by implementing the President’s January 30, 2017 Executive Order which calls for agencies to eliminate two regulations for each new regulation they promulgate. Among the requirements of this latest Executive Order are mandates for federal agencies to appoint “Regulatory Reform Officers” and establish “Regulatory Reform Task Forces”. As described in a White House press release, the Executive Order directs each agency’s Regulatory Reform Task Force to: “evaluate existing regulations and identify candidates for repeal or modification”; and “focus on eliminating costly and unnecessary regulations.”

     

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  • February 9, 2017

    By Frank Vlossak

    On January 30, 2017, President Trump signed an Executive Order entitled “Reducing Regulation and Controlling Regulatory Costs”. The Executive Order is intended to ensure that “for every one new regulation issued, at least two prior regulations be identified for elimination”. On February 3, the White House issued a memorandum titled “Interim Guidance Implementing Section 2 of the Executive Order of January 30, 2017…” The memorandum provides agencies with information on how to implement the “Regulatory Cap for Fiscal Year 2017” established by the Executive Order.   

    Among the issues addressed, the February 3, memorandum clarifies that the Executive Order applies only to significant rulemakings, and does not require compliance by independent federal agencies such as the Securities and Exchange Commission (SEC), the Federal Energy Regulatory Commission (FERC), and the Federal Communications Commission (FCC).

     

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  • January 25, 2017

    By Frank Vlossak 

    On January 24, President Trump signed an executive order and four memoranda addressing pipeline, infrastructure, and manufacturing issues. The memoranda include one directing prompt consideration of the remaining federal approvals needed by the Dakota Access Pipeline. Another memorandum invites TransCanada to resubmit its application for a Presidential border-crossing permit for the Keystone XL Pipeline. The memorandum further directs the Department of State to “reach a final permitting decision” within 60 days of receiving a new Keystone XL permit application.

    A memorandum to the Secretary of Commerce requires the development of a “plan” to require “all new pipelines, as well as retrofitted, repaired, or expanded pipelines [to]…use materials and equipment [including steel] produced in the United States, to the maximum extent possible and to the extent permitted by law…”

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Principal

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David Franasiak became a Principal of Williams & Jensen in 1992. As Vice President of Finance and a member of the Executive Committee since 1993, he is responsible for the day-to-day financial management of the firm, pension plans, and outside legal entities. Mr. Franasiak specializes in a legislative and administrative practice focused on tax, securities, financial institutions and natural resources.

Professional background

Mr. Franasiak has over twenty-five years of experience working on public policy issues with corporate executives, not-for-profit organizations, accounting firms, broker dealers, hedge funds, financial institutions, and associations.

Prior to joining Williams & Jensen, he was a Principal in the Office of the Chairman at Ernst & Young, working on tax, securities, and financial institution issues. From 1984 to 1987, he worked for British Petroleum on tax, finance, environment, and energy issues, and was Director of Tax at the U.S. Chamber of Commerce from 1981 to 1984. Previous to this position, he served as Staff Director to the Tax Oversight Subcommittee of the U.S. House of Representatives Small Business Committee. Early in his career, Mr. Franasiak worked on the legislative staffs of a city and county legislature, and worked as a venture analyst for a large multinational corporation while completing his graduate work.

In addition to serving Williams & Jensen clients, Mr. Franasiak teaches a seminar at the University at Buffalo Law School's New York City Program in Finance and Law, most recently on securitization and the crisis in the capital markets.

He is actively involved in volunteering and fundraising related to Maryland state politics as well as many civic organizations. He serves on the Boards of Directors of the International Stock Exchange Executives Emeriti (ISEEE) and the Parent-Child Home Program (PCHP).

Education

  • State University of New York, College at Buffalo, B.A., 1973
  • The State University of New York at Buffalo, M.B.A., 1978
  • The State University of New York at Buffalo, J.D., 1978

Bar Admissions

  • District of Columbia
  • New York

Court Admissions

  • Supreme Court, Appellate Division, New York

PublicationsInsights on Current Policy Issues

  • March 7, 2017

    By Frank Vlossak

    On February 24, 2017, President Trump signed an Executive Order entitled “Enforcing the Regulatory Reform Agenda”. The Executive Order establishes mechanisms intended to reduce regulations, including by implementing the President’s January 30, 2017 Executive Order which calls for agencies to eliminate two regulations for each new regulation they promulgate. Among the requirements of this latest Executive Order are mandates for federal agencies to appoint “Regulatory Reform Officers” and establish “Regulatory Reform Task Forces”. As described in a White House press release, the Executive Order directs each agency’s Regulatory Reform Task Force to: “evaluate existing regulations and identify candidates for repeal or modification”; and “focus on eliminating costly and unnecessary regulations.”

     

    Read...

    Read More
  • February 9, 2017

    By Frank Vlossak

    On January 30, 2017, President Trump signed an Executive Order entitled “Reducing Regulation and Controlling Regulatory Costs”. The Executive Order is intended to ensure that “for every one new regulation issued, at least two prior regulations be identified for elimination”. On February 3, the White House issued a memorandum titled “Interim Guidance Implementing Section 2 of the Executive Order of January 30, 2017…” The memorandum provides agencies with information on how to implement the “Regulatory Cap for Fiscal Year 2017” established by the Executive Order.   

    Among the issues addressed, the February 3, memorandum clarifies that the Executive Order applies only to significant rulemakings, and does not require compliance by independent federal agencies such as the Securities and Exchange Commission (SEC), the Federal Energy Regulatory Commission (FERC), and the Federal Communications Commission (FCC).

     

    Read...

    Read More
  • January 25, 2017

    By Frank Vlossak 

    On January 24, President Trump signed an executive order and four memoranda addressing pipeline, infrastructure, and manufacturing issues. The memoranda include one directing prompt consideration of the remaining federal approvals needed by the Dakota Access Pipeline. Another memorandum invites TransCanada to resubmit its application for a Presidential border-crossing permit for the Keystone XL Pipeline. The memorandum further directs the Department of State to “reach a final permitting decision” within 60 days of receiving a new Keystone XL permit application.

    A memorandum to the Secretary of Commerce requires the development of a “plan” to require “all new pipelines, as well as retrofitted, repaired, or expanded pipelines [to]…use materials and equipment [including steel] produced in the United States, to the maximum extent possible and to the extent permitted by law…”

    Read...

    Read More

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