PublicationsInsights on Current Policy Issues

  • April 19, 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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  • 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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The House will consider four bills under suspension of the rules. The Senate will resume consideration of the nomination of Steven Mnuchin to be Secretary of the Treasury.

House

 

Friday

  • The House was not in session.

 

Today

  • On Monday, the House will meet at 12:00 p.m. for morning hour and 2:00 p.m. for legislative business. Votes will be postponed until 6:30 p.m.
  • Legislation Considered Under Suspension of the Rules:
    • H.R. 609 – To designate the Department of Veterans Affairs health care center in Center Township, Butler County, Pennsylvania, as the “Abie Abraham VA Clinic” (Sponsored by Rep. Mike Kelly / Veterans Affairs Committee)
    • H.R. 512 – WINGMAN Act, as amended (Sponsored by Rep. Ted Yoho / Veterans Affairs Committee)
    • H.R. 244 – HIRE Vets Act, as amended (Sponsored by Rep. Paul Cook / Veterans Affairs Committee)
    • H.R. 974 – BRAVE Act (Sponsored by Rep. Kathleen Rice / Veterans Affairs Committee)

 

Senate

 

Friday

  • No Roll Call Votes
  • Legislative Business:
    • Discharged Commerce of H.R.590 and referred to EPW.
    • Adopted S.Res.44, designating February 6 through 10, 2017, as “National School Counseling Week”.
    • Adopted S.Res.45, designating February 2017 as “American Heart Month” and February 3, 2017, as “National Wear Red Day”.
    • Adopted S.Res.47, supporting the contributions of Catholic schools and goals of National Catholic Schools Week.
    • Adopted S.Res.58, congratulating the New England Patriots on their victory in Super Bowl LI.
    • Agreed to H.Con.Res.18, permitting the use of the Rotunda of the Capitol for a ceremony as part of the commemoration of the days of remembrance of victims of the Holocaust.

 

Today

  • The Senate stands adjourned until 12:00 noon on Monday, February 13, 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, with 7 hours of post-cloture debate time remaining. Upon the use or yielding back of time, the Senate will vote on confirmation of the Mnuchin and Shulkin (VA) nominations.
  • Monday, February 13th at approximately 7:00pm – 2 roll call votes:
    • Confirmation of Steven Mnuchin to be Secretary of the Treasury
    • Confirmation of David Shulkin to be Secretary of Veterans Affairs
  • Tuesday, February 14th at approximately 11:00am – 1 roll call vote:
    • Confirmation of Linda McMahon to be Administrator of the Small Business Administration

 

Hearings Covered by W&J Today

 

No hearings are scheduled for coverage today.

 

Notable Legislation Introduced

 

Tax

H.R.999 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to expand access to Coverdell education savings accounts.
Sponsor: Rep. Walberg, Tim [R-MI-7] (Introduced 02/09/2017) Cosponsors: (1)
Committees: House - Ways and Means
Latest Action: 02/09/2017 Referred to the House Committee on Ways and Means.

PublicationsInsights on Current Policy Issues

  • April 19, 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
  • 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

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