PublicationsInsights on Current Policy Issues

  • February 5, 2018

    By David E. Franasiak, Joel G. Oswald, Michael D. Kans, and Rebecca L. Konst

     This memorandum will provide a survey of federal action on cryptocurrencies (aka virtual currencies), including enforcement and guidance. At present, some federal regulators have begun asserting oversight and enforcement authority under their existing powers while other potential regulators have not yet indicated publicly what, if any, oversight they will exercise. Other federal stakeholders on cryptocurrencies have also begun to engage. However, the U.S. government’s approach to virtual currencies remains fluid.

     

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  • January 11, 2018

    By Frank Vlossak

    Since taking office, President Trump and his Administration have worked toward regulatory reform that includes the review, revision, and repeal of existing regulations, with a focus on rules promulgated by the Obama Administration. Congress has played a key role in this effort, through the use of the Congressional Review Act to repeal rules finalized in the waning months of the prior Administration, as well as one rule issued by the Consumer Financial Protection Bureau (CFPB) in 2017.

    President Trump signed a series of executive orders in the early months of his presidency that are propelling the deregulatory efforts of federal agencies. These executive orders: set a cap limiting regulations in Fiscal Year 2017 to zero net cost; provide agencies with a framework for limiting new regulations and identifying existing rules to repeal or revise; direct review and revision or repeal of the “Waters of the United States” rule issued by the Obama Administration; and require review and reform of energy and climate-related regulations.

     

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  • October 10, 2017

    By Frank Vlossak

    On October 10, Environmental Protection Agency (EPA) Administrator Scott Pruitt signed a Notice of Proposed Rulemaking (NPRM) titled “Repeal of Carbon Pollution Emission Guidelines for Existing Stationary Sources: Electric Generating Units”. The NPRM would rescind the Obama Administration’s Clean Power Plan (CPP), a rule that would reduce greenhouse gas (GHG) emissions from existing power generation sector sources, namely coal and natural gas power plants.

    Read...

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The Senate will resume consideration of the nomination of Steven Mnuchin to be Secretary of the Treasury. The vote on confirmation of the Mnuchin nomination will be on Monday, February 13, at approximately 7:00pm.

House

 

Yesterday

  • The House was not in session.

 

Today

  • The House is not in session.

 

Senate

 

Yesterday

  • Roll Call Votes
    • Confirmation of Thomas Price to be Secretary of Health and Human Services; confirmed: 52-47.
    • Motion to invoke cloture on Steven Mnuchin to be Secretary of the Treasury; invoked: 53-46.
  • Legislative Business
    • Adopted S.Res.57, Majority Committee Membership (adding Senator Strange)

 

Today

  • The Senate stands adjourned until 9:30am on Friday, February 10, 2017.
  • Following any Leader remarks, the Senate will enter Executive Session and resume consideration of the nomination of Steven Mnuchin to be Secretary of the Treasury, post-cloture and for debate only. There will be no roll call votes during Friday’s session. The vote on confirmation of the Mnuchin nomination will be on Monday, February 13, at approximately 7:00pm.
  • As a reminder, the Senate reached an agreement during today’s session that sets up confirmation votes on the Shulkin (VA) and McMahon (SBA) nominations next week.

 

Hearings Covered by W&J Today

 

No hearings are scheduled for coverage today.

 

Notable Legislation Introduced

 

Financial Services

S.350 — 115th Congress (2017-2018)
A bill to amend the Securities Exchange Act of 1934 to prohibit Members of Congress from receiving a discounted price in certain private offerings of securities.
Sponsor: Sen. Franken, Al [D-MN] (Introduced 02/09/2017) Cosponsors: (2)
Committees: Senate - Banking, Housing, and Urban Affairs
Latest Action: 02/09/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 

Health

H.R.994 — 115th Congress (2017-2018)
To direct the Comptroller General of the United States to evaluate and report on the in-patient and outpatient treatment capacity, availability, and needs of the United States.
Sponsor: Rep. Foster, Bill [D-IL-11] (Introduced 02/09/2017) Cosponsors: (3)
Committees: House - Energy and Commerce, Natural Resources
Latest Action: 02/09/2017 Referred to House Natural Resources

H.R.993 — 115th Congress (2017-2018)
To reduce opioid misuse and abuse.
Sponsor: Rep. Foster, Bill [D-IL-11] (Introduced 02/09/2017) Cosponsors: (2)
Committees: House - Energy and Commerce
Latest Action: 02/09/2017 Referred to the House Committee on Energy and Commerce

H.R.992 — 115th Congress (2017-2018)
To authorize the Assistant Secretary for Mental Health and Substance Use, acting through the Director of the Center for Substance Abuse Treatment, to award grants to States to expand access to clinically appropriate services for opioid abuse, dependence, or addiction.
Sponsor: Rep. Foster, Bill [D-IL-11] (Introduced 02/09/2017) Cosponsors: (2)
Committees: House - Energy and Commerce
Latest Action: 02/09/2017 Referred to the House Committee on Energy and Commerce.

S.348 — 115th Congress (2017-2018)
A bill to amend title XVIII of the Social Security Act to require the Secretary of Health and Human Services to negotiate lower covered part D drug prices on behalf of Medicare beneficiaries.
Sponsor: Sen. Franken, Al [D-MN] (Introduced 02/09/2017) Cosponsors: (2)
Committees: Senate - Finance
Latest Action: 02/09/2017 Read twice and referred to the Committee on Finance.

PublicationsInsights on Current Policy Issues

  • February 5, 2018

    By David E. Franasiak, Joel G. Oswald, Michael D. Kans, and Rebecca L. Konst

     This memorandum will provide a survey of federal action on cryptocurrencies (aka virtual currencies), including enforcement and guidance. At present, some federal regulators have begun asserting oversight and enforcement authority under their existing powers while other potential regulators have not yet indicated publicly what, if any, oversight they will exercise. Other federal stakeholders on cryptocurrencies have also begun to engage. However, the U.S. government’s approach to virtual currencies remains fluid.

     

    Read...

    Read More
  • January 11, 2018

    By Frank Vlossak

    Since taking office, President Trump and his Administration have worked toward regulatory reform that includes the review, revision, and repeal of existing regulations, with a focus on rules promulgated by the Obama Administration. Congress has played a key role in this effort, through the use of the Congressional Review Act to repeal rules finalized in the waning months of the prior Administration, as well as one rule issued by the Consumer Financial Protection Bureau (CFPB) in 2017.

    President Trump signed a series of executive orders in the early months of his presidency that are propelling the deregulatory efforts of federal agencies. These executive orders: set a cap limiting regulations in Fiscal Year 2017 to zero net cost; provide agencies with a framework for limiting new regulations and identifying existing rules to repeal or revise; direct review and revision or repeal of the “Waters of the United States” rule issued by the Obama Administration; and require review and reform of energy and climate-related regulations.

     

    Read...

    Read More
  • October 10, 2017

    By Frank Vlossak

    On October 10, Environmental Protection Agency (EPA) Administrator Scott Pruitt signed a Notice of Proposed Rulemaking (NPRM) titled “Repeal of Carbon Pollution Emission Guidelines for Existing Stationary Sources: Electric Generating Units”. The NPRM would rescind the Obama Administration’s Clean Power Plan (CPP), a rule that would reduce greenhouse gas (GHG) emissions from existing power generation sector sources, namely coal and natural gas power plants.

    Read...

    Read More

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