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.

     

    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.

     

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The House is expected to consider ten bills under suspension of the rules. The Senate will consider the nomination of Kenneth P. Rapuano, to be Assistant Secretary of Defense. Following disposition of the nomination, the Senate will resume consideration of the motion to proceed to S.722, Iran Sanctions.

House

 

Friday

  • The House was not in session.

 

Today

  • The House reconvenes at 2 p.m. for legislative business and is expected to consider measures under suspension of the rules. Roll call votes will be postponed until 6:30 p.m.
  • Agenda
    • HR 338 — A bill to promote a 21st century energy and manufacturing workforce.
    • HR 446 — A bill to extend the deadline for commencement of construction of a hydroelectric project.
    • HR 447 — A bill to extend the deadline for commencement of construction of a hydroelectric project.
    • HR 627 — Streamlining Energy Efficiency for Schools Act
    • HR 951 — A bill to extend the deadline for commencement of construction of a hydroelectric project.
    • HR 1109 — A bill to amend section 203 of the Federal Power Act.
    • HR 2122 — A bill to reinstate and extend the deadline for commencement of construction of a hydroelectric project involving Jennings Randolph Dam.
    • HR 2274 — HYdropower Permit Extension (HYPE) Act
    • HR 2292 — A bill to extend a project of the Federal Energy Regulatory Commission involving the Cannonsville Dam.
    • HR 2457 — J. Bennett Johnston Waterway Hydropower Extension Act

 

Senate

 

Friday

  • The Senate was not in session.

 

Today

  • TheThe Senate stands adjourned until 4:00pm on Monday, June 12, 2017.
  • Following any Leader remarks, the Senate will be in a period of morning business until 5:00pm.
  • At 5:00pm, the Senate will proceed to Executive Session to consider the nomination of Kenneth P. Rapuano, of Virginia, to be Assistant Secretary of Defense. There will be up to 30 minutes for debate prior to a roll call vote on confirmation of the nomination. Following disposition of the nomination, the Senate will resume consideration of the motion to proceed to S.722, Iran Sanctions, with all post-cloture time considered expired.
  • There will be at least one roll call vote at 5:30pm with the potential of a second.

 

Hearings Covered by W&J Today

 

The House Appropriations Committee’s Subcommittee on Financial Services and General Government
Treasury Budget

The Senate Homeland Security and Governmental Affairs Committee
FEMA Nomination

 

Notable Legislation Introduced

 

Energy

H.R.2853 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to make qualified biogas property and qualified manure resource recovery property eligible for the energy credit and to permit new clean renewable energy bonds to finance qualified biogas property, and for other purposes.
Sponsor: Rep. Kind, Ron [D-WI-3] (Introduced 06/08/2017) Cosponsors: (22)
Committees: House - Ways and Means, Science, Space, and Technology
Latest Action: 06/08/2017 Referred to House Science, Space, and Technology

 

Financial Services

H.R.2868 — 115th Congress (2017-2018)
To protect National Flood Insurance Program policyholders from unreasonable premium rates and to require the Program to consider the unique characteristics of urban properties, and for other purposes.
Sponsor: Rep. Zeldin, Lee M. [R-NY-1] (Introduced 06/08/2017) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: 06/08/2017 Referred to the House Committee on Financial Services.

H.R.2864 — 115th Congress (2017-2018)
To direct the Securities and Exchange Commission to allow certain issuers to be exempt from registration requirements, and for other purposes.
Sponsor: Rep. Sinema, Kyrsten [D-AZ-9] (Introduced 06/08/2017) Cosponsors: (1)
Committees: House - Financial Services
Latest Action: 06/08/2017 Referred to the House Committee on Financial Services.

H.R.2823 — 115th Congress (2017-2018)
To amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to ensure that retirement investors receive advice in their best interests, and for other purposes.
Sponsor: Rep. Roe, David P. [R-TN-1] (Introduced 06/08/2017) Cosponsors: (3)
Committees: House - Education and the Workforce, Ways and Means
Latest Action: 06/08/2017 Referred to House Ways and Means

S.1321 — 115th Congress (2017-2018)
A bill to amend the Employee Retirement Income Security Act of 1974 to ensure that retirement investors receive advice in their best interests, and for other purposes.
Sponsor: Sen. Isakson, Johnny [R-GA] (Introduced 06/08/2017) Cosponsors: (6)
Committees: Senate - Health, Education, Labor, and Pensions
Latest Action: 06/08/2017 Read twice and referred to the Committee on Health, Education, Labor, and Pensions

S.1315 — 115th Congress (2017-2018)
A bill to require the Bureau of Consumer Financial Protection to amend its regulations relating to qualified mortgages, and for other purposes.
Sponsor: Sen. Heitkamp, Heidi [D-ND] (Introduced 06/08/2017) Cosponsors: (1)
Committees: Senate - Banking, Housing, and Urban Affairs
Latest Action: 06/08/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 

Health

H.R.2843 — 115th Congress (2017-2018)
To amend titles XI and XIX of the Social Security Act to establish a comprehensive and nationwide system to evaluate the quality of care provided to beneficiaries of Medicaid and the Children's Health Insurance Program and to provide incentives for voluntary quality improvement.
Sponsor: Rep. DeGette, Diana [D-CO-1] (Introduced 06/08/2017) Cosponsors: (1)
Committees: House - Energy and Commerce
Latest Action: 06/08/2017 Referred to the House Committee on Energy and Commerce.

S.1317 — 115th Congress (2017-2018)
A bill to amend titles XI and XIX of the Social Security Act to establish a comprehensive and nationwide system to evaluate the quality of care provided to beneficiaries of Medicaid and the Children's Health Insurance Program and to provide incentives for voluntary quality improvement.
Sponsor: Sen. Brown, Sherrod [D-OH] (Introduced 06/08/2017) Cosponsors: (0)
Committees: Senate - Finance
Latest Action: 06/08/2017 Read twice and referred to the Committee on Finance.

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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