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.

     

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The House will consider H.R. 2372 – VETERAN Act and H.R. 2579 – Broader Options for Americans Act. The Senate will resume consideration of S.722, Iran Sanctions.

House

 

Yesterday

  • Due to the incident which occurred yesterday morning the House adjourned at 12:30pm with no votes occurring.

 

Today

  • On Thursday, the House will meet at 10:00 a.m. for morning hour and 12:00 p.m. for legislative business. First and last votes expected: 2:15 p.m. – 3:15 p.m.
  • H.R. 2372 – VETERAN Act (Closed Rule, One Hour of Debate) (Sponsored by Rep. Sam Johnson / Ways and Means Committee)
  • H.R. 2579 – Broader Options for Americans Act (Closed Rule, One Hour of Debate) (Sponsored by Rep. Pat Tiberi / Ways and Means Committee)

 

Senate

 

Yesterday

  • Measures Considered:
    • 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 proposed thereto:
    • Adopted:
      • By 97 yeas to 2 nay (Vote No. 144), McConnell (for Crapo) Modified Amendment No. 232, to impose sanctions with respect to the Russian Federation and to combat terrorism and illicit financing.
  • Pending:
    • Corker (for Graham) Amendment No. 240, to reaffirm the strategic importance of Article 5 of the North Atlantic Treaty to the member nations of the North Atlantic Treaty Organization and its contribution to maintaining stability throughout the world.
    • Gardner Modified Amendment No. 250, to provide an exception for activities of the National Aeronautics and Space Administration.
    • A unanimous-consent agreement was reached providing that notwithstanding rule XXII, the cloture motions on the committee-reported substitute amendment and the bill, be withdrawn; and that at approximately 9:30 a.m., on Thursday, June 15, 2017, the time until 11 a.m., be equally divided between the two Leaders or their designees; and that at 11 a.m., Senate vote on or in relation to Gardner Modified Amendment No. 250 (listed above), then vote on or in relation to Corker (for Graham) Amendment No. 240 (listed above); and that following disposition of Corker (for Graham) Amendment No. 240, the committee-reported substitute amendment, as amended be agreed to, and Senate vote on passage of the bill, as amended.
    • A unanimous-consent agreement was reached providing for further consideration of the bill at approximately 9:30 a.m., on Thursday, June 15, 2017.

 

Today

  • The Senate stands adjourned until 9:30am on Thursday, June 15, 2017.
  • Following any Leader remarks, the Senate will resume consideration of S.722, Iran Sanctions, with the time until 11:00am equally divided.
  • At 11:00am, the Senate will vote in relation to the Gardner amendment #250 (NASA) and Graham amendment #240 (NATO). Following disposition of SA #250, the substitute amendment, as amended, will be agreed to and the Senate will vote on passage of the bill, as amended.
  • As a part of this consent, the cloture motions to the committee-reported substitute and S.722 will be withdrawn. Up to 3 roll call votes are expected beginning at 11:00am.
  • Thursday at 11:00am – up to 3 roll call votes (voice votes on amendments are possible)
    • Adoption of Gardner SA #250 (NASA)
    • Adoption of Graham SA #240 (NATO)
    • Passage of S.722, as amended

 

Hearings Covered by W&J Today

 

Senate Agriculture
Agricultural Research: Perspectives for the 2018 Farm Bill

Senate Banking
Fostering Economic Growth

Senator Appropriations Committee
“FY2018 for the Health and Human Services Department”

House Judiciary
Data Stored Abroad

House Science, Space, and Technology
Bolstering’s Cybersecurity: Lessons from WannaCry

House Appropriations
Department of Transportation – Budget Hearing

House Financial Services
Flood Insurance Bills Markup

 

Notable Legislation Introduced

 

Financial Services

S.1360 — 115th Congress (2017-2018)
A bill to require the Board of Governors of the Federal Reserve System to establish an Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, and for other purposes.
Sponsor: Sen. Heller, Dean [R-NV] (Introduced 06/14/2017) Cosponsors: (1)
Committees: Senate - Banking, Housing, and Urban Affairs
Latest Action: 06/14/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 

Health

H.R.2900 — 115th Congress (2017-2018)
To amend the Public Health Service Act with respect to the prevention and treatment of the use of synthetic recreational drugs, and for other purposes.
Sponsor: Rep. Velazquez, Nydia M. [D-NY-7] (Introduced 06/14/2017) Cosponsors: (3)
Committees: House - Energy and Commerce
Latest Action: 06/14/2017 Referred to the House Committee on Energy and Commerce.

S.1357 — 115th Congress (2017-2018)
A bill to amend title XIX of the Social Security Act to provide a standard definition of therapeutic family care services in Medicaid.
Sponsor: Sen. Baldwin, Tammy [D-WI] (Introduced 06/14/2017) Cosponsors: (3)
Committees: Senate - Finance
Latest Action: 06/14/2017 Read twice and referred to the Committee on Finance.

S.1355 — 115th Congress (2017-2018)
A bill to combat the heroin epidemic and drug sample backlogs.
Sponsor: Sen. Shaheen, Jeanne [D-NH] (Introduced 06/14/2017) Cosponsors: (1)
Committees: Senate - Judiciary
Latest Action: 06/14/2017 Read twice and referred to the Committee on the Judiciary.

 

Tax

S.1358 — 115th Congress (2017-2018)
A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of certain direct primary care service arrangements and periodic provider fees.
Sponsor: Sen. Cassidy, Bill [R-LA] (Introduced 06/14/2017) Cosponsors: (1)
Committees: Senate - Finance
Latest Action: 06/14/2017 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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