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...

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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.

     

    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...

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The Senate will resume consideration of H.J.Res.42, disapproving the rule submitted by the Department of Labor relating to drug testing of unemployment compensation applicants.

House

 

Yesterday

  • The House is not in session. 

Today

  • The House is not in session.

 

Senate

 

Yesterday

  • Measures Considered:
    • Department of Labor Rule--Agreement:
      • Senate began consideration of H.J. Res. 42, disapproving the rule submitted by the Department of Labor relating to drug testing of unemployment compensation applicants, after agreeing to the motion to proceed to consideration of the joint resolution.
  • A unanimous-consent agreement was reached providing for further consideration of the joint resolution at approximately 2 p.m., on Tuesday, March 14, 2017.
  • Coats Nomination--Cloture:
    • Senate began consideration of the nomination of Daniel Coats, of Indiana, to be Director of National Intelligence.
    • A motion was entered to close further debate on the nomination, and, in accordance with the provisions of Rule XXII of the Standing Rules of the Senate, a vote on cloture will occur on Wednesday, March 15, 2017.
  • Prior to the consideration of this nomination, Senate took the following action:
    • Senate agreed to the motion to proceed to Legislative Session.
    • Senate agreed to the motion to proceed to Executive Session to consider the nomination.
  • McMaster Nomination--Cloture:
    • Senate began consideration the nomination of Herbert R. McMaster, Jr., to be Lieutenant General.
    • A motion was entered to close further debate on the nomination and, in accordance with the provisions of Rule XXII of the Standing Rules of the Senate, a vote on cloture will occur upon disposition of the nomination of Daniel Coats, of Indiana, to be Director of National Intelligence.
  • Prior to the consideration of this nomination, Senate took the following action:
    • Senate agreed to the motion to proceed to Legislative Session.
    • Senate agreed to the motion to proceed to Executive Session to consider the nomination.
  • Nomination Confirmed:
    • Senate confirmed the following nomination: By 55 yeas to 43 nays (Vote No. EX. 86), Seema Verma, of Indiana, to be Administrator of the Centers for Medicare and Medicaid Services.

Today

  • The Senate stands adjourned until 2:00pm on Tuesday, March 14, 2017.
  • Following any Leader remarks, the Senate will resume consideration of H.J.Res.42, disapproving the rule submitted by the Department of Labor relating to drug testing of unemployment compensation applicants. A vote on passage of the joint resolution is possible during Tuesday’s session.
  • As a reminder, today Senator McConnell filed cloture on the nominations of Executive Calendar #23, Dan Coats, to be Director of National Intelligence and Executive Calendar #19, Herbert McMaster Jr., to be Lieutenant General. The cloture motion with respect to the Coats nomination will ripen one hour after the Senate convenes on Wednesday, March 15.

 

Hearings Covered by W&J Today

 

Senate Finance Committee
“The Nomination of Robert Lighthizer to be USTR”

Senate Energy and Natural Resources Committee
“Improving Energy Infrastructure”

Senate Banking, Housing and Urban Affairs Committee
“Reauthorization of the National Flood Insurance Program, Part I”

Senate Commerce, Science and Transportation Committee
“Continuing to Improve Truck Safety on our Nation's Highways”

 

Notable Legislation Introduced

 

Energy

S.613 — 115th Congress (2017-2018)
A bill to amend the Public Utility Regulatory Policies Act of 1978 to provide for the consideration by State regulatory authorities and nonregulated electric utilities of whether subsidies should be provided for the deployment, construction, maintenance, or operation of a customer-side technology.
Sponsor: Sen. Flake, Jeff [R-AZ] (Introduced 03/13/2017) Cosponsors: (0)
Committees: Senate - Energy and Natural Resources
Latest Action: 03/13/2017 Read twice and referred to the Committee on Energy and Natural Resources.

 

Financial Services

S.610 — 115th Congress (2017-2018)
A bill to promote transparency by permitting the Public Company Accounting Oversight Board to allow its disciplinary proceedings to be open to the public, and for other purposes.
Sponsor: Sen. Reed, Jack [D-RI] (Introduced 03/13/2017) Cosponsors: (1)
Committees: Senate - Banking, Housing, and Urban Affairs
Latest Action: 03/13/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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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