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

The House will consider H.R. 2372 – VETERAN Act. The Senate will resume consideration of S.722, Iran Sanctions.

House

 

Yesterday

  • Verify First Act:
    • The House passed H.R. 2581, to amend the Internal Revenue Code of 1986 to require the provision of social security numbers as a condition of receiving the health insurance premium tax credit, by a recorded vote of 238 ayes to 184 noes, Roll No. 306.
  • Rejected the Sanchez motion to recommit the bill to the Committee on Ways and Means with instructions to report the same back to the House forthwith with an amendment, by a yea-and-nay vote of 193 yeas to 231 nays, Roll No. 305.
  • Pursuant to the Rule, the amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted.
  • H. Res. 378, the rule providing for consideration of the bills (H.R. 2581) and (S. 1094) was agreed to by a recorded vote of 229 ayes to 190 noes, Roll No. 303, after the previous question was ordered by a yea-and-nay vote of 229 yeas to 189 nays, Roll No. 302.
  • Privileged Resolution--Intent to Offer:
    • Representative Doggett announced his intent to offer a privileged resolution.
  • Department of Veterans Affairs Accountability and Whistleblower Protection Act of 2017:
    • The House passed S. 1094, to amend title 38, United States Code, to improve the accountability of employees of the Department of Veterans Affairs, by a yea-and-nay vote of 368 yeas to 55 nays, Roll No. 307.
  • H. Res. 378, the rule providing for consideration of the bills (H.R. 2581) and (S. 1094) was agreed to by a recorded vote of 229 ayes to 190 noes, Roll No. 303, after the previous question was ordered by a yea-and-nay vote of 229 yeas to 189 nays, Roll No. 302.

 

Today

  • On Wednesday, the House will meet at 10:00 a.m. for morning hour and 12:00 p.m. for legislative business. First votes expected: 1:30 p.m. – 2:30 p.m. Last votes expected: 4:15 p.m. – 5:15 p.m.
  • H.R. 2372 – VETERAN Act (Closed Rule, One Hour of Debate) (Sponsored by Rep. Sam Johnson / Ways and Means Committee)

 

Senate

 

Yesterday

  • Measures Considered:
    • Government of Saudi Arabia Export of Defense Articles:
      • By 47 yeas to 53 nays (Vote No. 143), Senate did not agree to the motion to discharge S.J. Res. 42, relating to the disapproval of the proposed export to the Government of the Kingdom of Saudi Arabia of certain defense articles.
    • Countering Iran's Destabilizing Activities Act--Agreement:
      • Senate continued consideration of S. 722, to impose sanctions with respect to Iran in relation to Iran's ballistic missile program, support for acts of international terrorism, and violations of human rights, taking action on the following amendments and motions proposed thereto:
  • Withdrawn:
    • McConnell Amendment No. 233 (to Amendment No. 232), to change the enactment date.
  • Pending:
    • McConnell (for Crapo) Modified Amendment No. 232, to impose sanctions with respect to the Russian Federation and to combat terrorism and illicit financing.
    • A motion was entered to close further debate on the committee-reported substitute amendment to the bill, and, in accordance with the provisions of Rule XXII of the Standing Rules of the Senate, a vote on cloture will occur on Thursday, June 15, 2017.
    • A motion was entered to close further debate on the bill, 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 committee-reported substitute amendment to the bill.
    • A unanimous-consent agreement was reached providing that the motion to invoke cloture on McConnell (for Crapo) Amendment No. 232 (listed above), be withdrawn.
    • A unanimous-consent agreement was reached providing that at 2 p.m., on Wednesday, June 14, 2017, Senate vote on adoption of McConnell (for Crapo) Modified Amendment No. 232 (listed above), with no intervening action or debate and no second-degree amendments in order prior to the vote; and that following Leader remarks on Wednesday, June 14, 2017, the time until 2 p.m. be equally divided in the usual form.
    • A unanimous-consent agreement was reached providing for further consideration of the bill at approximately 10:45 a.m., on Wednesday, June 14, 2017.

 

Today

  • The Senate stands adjourned until 10:45am on Wednesday, June 14, 2017.
  • Following any Leader remarks, the Senate will resume consideration of S.722, Iran Sanctions.
  • At 2:00pm, the Senate will vote on adoption of amendment #232, as modified (Russia sanctions).
  • As a reminder, this evening Senator McConnell filed cloture on the committee-reported substitute amendment and on the underlying bill, S.722. Unless an agreement is reached, the cloture vote on the substitute amendment will be one hour after the Senate convenes on Thursday, June 14th. Upon the use or yielding back of post-cloture debate time, there will be an immediate cloture vote on the underlying bill, S.722.
  • Discussions continue on a path forward to completing action on S.722.
    • Amendments pending to S.722, Iran Sanctions
    • SA #232, as modified (Russia sanctions)

 

Hearings Covered by W&J Today

 

B-Gov
Chairman Walden; legislative priorities

Brookings Institution
“Fostering Competition in the Pharmaceutical Distribution Chain”

House Appropriations
Department of the Treasury – International Programs Budget Hearing

House Energy and Commerce Committee
“Examining the Extension of Safety Net Health Programs”

Senate Commerce
Paving the Way for Self-Driving Vehicles

House Financial Services
Flood Insurance Bills Markup

House Homeland Security
DHS Reauthorization Markup

House Foreign Affairs Committee
“Markup of H.R.1415, the ‘End Neglected Tropical Diseases Act’”

Senate Banking
Executive Session to Vote on Nominations

 

Notable Legislation Introduced

 

Energy

H.R.2893 — 115th Congress (2017-2018) To amend the Natural Gas Act to bolster fairness and transparency in consideration of interstate natural gas pipelines, to provide for greater public input opportunities, and for other purposes. Sponsor: Rep. Griffith, H. Morgan [R-VA-9] (Introduced 06/13/2017) Cosponsors: (1) Committees: House - Energy and Commerce Latest Action: 06/13/2017 Referred to the House Committee on Energy and Commerce.

 

Financial Services

H.R.2890 — 115th Congress (2017-2018) To amend the Federal Home Loan Bank Act to permit captive insurance companies that were members of a Federal Home Loan Bank prior to September 12, 2014, to continue to be eligible to be members of such a Bank, and for other purposes. Sponsor: Rep. Hultgren, Randy [R-IL-14] (Introduced 06/13/2017) Cosponsors: (1) Committees: House - Financial Services Latest Action: 06/13/2017 Referred to the House Committee on Financial Services.

 

Health

H.R.2889 — 115th Congress (2017-2018) To amend title III of the Public Health Service Act to limit the orphan drug exclusion under the drug discount program under section 340B of such title. Sponsor: Rep. Welch, Peter [D-VT-At Large] (Introduced 06/13/2017) Cosponsors: (1) Committees: House - Energy and Commerce Latest Action: 06/13/2017 Referred to the House Committee on Energy and Commerce.

S.1348 — 115th Congress (2017-2018) A bill to amend title XI of the Social Security Act to require drug manufacturers to publicly justify unnecessary price increases. Sponsor: Sen. Wyden, Ron [D-OR] (Introduced 06/13/2017) Cosponsors: (5) Committees: Senate - Finance Latest Action: 06/13/2017 Read twice and referred to the Committee on Finance.

 

Transportation

H.R.2892 — 115th Congress (2017-2018) To amend chapter 329 of title 49, United States Code, to ensure that new vehicles enable fuel competition so as to reduce the strategic importance of oil to the United States. Sponsor: Rep. Engel, Eliot L. [D-NY-16] (Introduced 06/13/2017) Cosponsors: (1) Committees: House - Energy and Commerce Latest Action: 06/13/2017 Referred to the House Committee on Energy and Commerce.

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

Recent TweetsFollow Us >

TheFirmWJ
TheFirmWJ Williams & Jensen Mourns Its Co-founder, JD Williams: bit.ly/2BBOUrT
TheFirmWJ
TheFirmWJ Bills slated for consideration on the House floor next week: bit.ly/2m5O3e3
TheFirmWJ
TheFirmWJ Bills to be considered on the House floor next week as of noon on 12/7: bit.ly/2AD5lFl pic.twitter.com/p...