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 Senate will resume consideration of the motion to proceed to H.R.2430, FDA Reauthorization Act and will consider the nomination of Dan R. Brouillette, to be Deputy Secretary of Energy.

House

 

Yesterday

  • The House was not in session.

 

Today

  • The House has recessed until September 4.

 

Senate

 

Yesterday

  • Measures Passed:
    • AFG and SAFER Program Reauthorization Act: Senate passed S. 829, to reauthorize the Assistance to Firefighters Grants program, the Fire Prevention and Safety Grants program, and the Staffing for Adequate Fire and Emergency Response grant program, after agreeing to the committee amendment in the nature of a substitute.
    • Seniors Fraud Prevention Act: Senate passed S. 81, to establish an advisory office within the Bureau of Consumer Protection of the Federal Trade Commission to prevent fraud targeting seniors.
    • Great Outdoors Month: Committee on the Judiciary was discharged from further consideration of S. Res. 199, designating June 2017 as ``Great Outdoors Month'', and the resolution was then agreed to.
    • National Day of the American Cowboy: Committee on the Judiciary was discharged from further consideration of S. Res. 225, designating July 22, 2017, as ``National Day of the American Cowboy'', and the resolution was then agreed to.
    • National Youth Sports Week: Committee on Commerce, Science, and Transportation was discharged from further consideration of S. Res. 227, recognizing ``National Youth Sports Week'' and the efforts by parents, volunteers, and national organizations in their efforts to promote healthy living and youth development, and the resolution was then agreed to.
    • 10th Anniversary of the collapse of Interstate 35W Mississippi River Bridge: Committee on the Judiciary was discharged from further consideration of S. Res. 238, recognizing the 10th anniversary and honoring the victims of the collapse of the Interstate 35W Mississippi River bridge, and the resolution was then agreed to.
    • Harry W. Colmery Veterans Educational Assistance Act:
      • Senate passed H.R. 3218, to amend title 38, United States Code, to make certain improvements in the laws administered by the Secretary of Veterans Affairs.
    • VA Clinics in Montana: Committee on Veterans' Affairs was discharged from further consideration of S. 1282, to redesignate certain clinics of the Department of Veterans Affairs located in Montana, and the bill was then passed, after agreeing to the following amendment proposed thereto:
      • McConnell (for Daines/Tester) Amendment No. 749, in the nature of a substitute.
    • United States Intelligence Professionals Day: Committee on the Judiciary was discharged from further consideration of S. Res. 222, designating July 26, 2017, as ``United States Intelligence Professionals Day'', and the resolution was then agreed to.
    • Authorize Testimony, Document Production, and Representation:
      • Senate agreed to S. Res. 244, to authorize testimony, document production, and representation in United States of America v. Robert Menendez, et al.
  • Appointments:
    • Women's Suffrage Centennial Commission:
      • The Chair, on behalf of the Majority Leader, pursuant to the provisions of Public Law 115–31, appointed the following individuals to serve as members of the Women's Suffrage Centennial Commission: Marjorie Dannenfelser of Virginia and Cleta Mitchell of North Carolina.
  • FDA Reauthorization Act--Agreement:
    • A unanimous-consent agreement was reached providing that at approximately 10 a.m., on Thursday, August 3, 2017, Senate resume consideration of the motion to proceed to consideration of H.R. 2430, to amend the Federal Food, Drug, and Cosmetic Act to revise and extend the user-fee programs for prescription drugs, medical devices, generic drugs, and biosimilar biological products, with the time until 11 a.m., equally divided between the two Leaders, or their designees.
  • Brouillette Nomination--Agreement:
    • A unanimous-consent-time agreement was reached providing that at 11:45 a.m., on Thursday, August 3, 2017, Senate begin consideration of the nomination of Dan R. Brouillette, of Texas, to be Deputy Secretary of Energy; provided further that there be 15 minutes of debate on the nomination, equally divided in the usual form; and that following the use or yielding back of time, Senate vote on confirmation of the nomination, with no intervening action or debate.
  • Nomination Confirmed: Senate confirmed the following nomination:
    • By 50 yeas to 48 nays (Vote No. EX. 184), Marvin Kaplan, of Kansas, to be a Member of the National Labor Relations Board for the term of five years expiring August 27, 2020.
  • During consideration of this nomination today, Senate also took the following action:
    • By 50 yeas to 48 nays (Vote No. 183), Senate agreed to the motion to close further debate on the nomination.

 

Today

  • The Senate stands adjourned until 10:00am on Thursday, August 3, 2017.
  • Following leader remarks, the Senate will resume consideration of the motion to proceed to H.R.2430, FDA Reauthorization Act. Unless an agreement is reached, the cloture vote on the motion to proceed will occur at approximately 11:00am. If an agreement is reached before then, it is possible that the vote timing could change.
  • At 11:45am on Thursday, August 3rd, the Senate will proceed to Executive Session with 15 minutes of debate on the nomination of Executive Calendar #103, Dan R. Brouillette, to be Deputy Secretary of Energy. Upon the use or yielding back of time, the Senate will vote on confirmation of the nomination.
  • Additional votes are possible during Thursday’s session.
  • Thursday, August 3rd at 11:00am (If no agreement is reached before then) – 1 roll call vote
    • Motion to invoke cloture on the motion to proceed to H.R.2430, FDA Reauthorization Act
  • Thursday, August 3rd at 12:00 noon – 1 roll call vote
    • Confirmation of Executive Calendar #103, Dan R. Brouillette, to be Deputy Secretary of Energy

 

Hearings Covered by W&J Today

 

Senate Commerce
Insurance Fraud in America: Current Issues Facing Industry and Consumers

Senate Energy and Natural Resources
Wildland Fire Risk

House Agriculture
Farm Bill Listening Session

 

Notable Legislation Introduced

 

Financial Services

S.1726 — 115th Congress (2017-2018)
A bill to amend the Securities Exchange Act of 1934 to require shareholder authorization before a public company may make certain political expenditures, and for other purposes.
Sponsor: Sen. Menendez, Robert [D-NJ] (Introduced 08/02/2017) Cosponsors: (15)
Committees: Senate - Banking, Housing, and Urban Affairs
Latest Action: 08/02/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S.1717 — 115th Congress (2017-2018)
A bill to amend title 31, United States Code, to ensure that persons who form corporations or limited liability companies in the United States disclose the beneficial owners of those corporations or limited liability companies, in order to prevent wrongdoers from exploiting United States corporations and limited liability companies for criminal gain, to assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, and other misconduct involving United States corporations and limited liability companies, and for other purposes.
Sponsor: Sen. Wyden, Ron [D-OR] (Introduced 08/02/2017) Cosponsors: (1)
Committees: Senate - Banking, Housing, and Urban Affairs
Latest Action: 08/02/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 

Health

S.1729 — 115th Congress (2017-2018)
A bill to amend title XVIII of the Social Security Act to provide for independent accreditation for dialysis facilities and assurances of high quality surveys.
Sponsor: Sen. Roberts, Pat [R-KS] (Introduced 08/02/2017) Cosponsors: (4)
Committees: Senate - Finance
Latest Action: 08/02/2017 Read twice and referred to the Committee on Finance.

S.1707 — 115th Congress (2017-2018)
A bill to amend the Food and Nutrition Act of 2008 to provide for a standard medical expense deduction under the supplemental nutrition assistance program, and for other purposes.
Sponsor: Sen. Gillibrand, Kirsten E. [D-NY] (Introduced 08/02/2017) Cosponsors: (0)
Committees: Senate - Agriculture, Nutrition, and Forestry
Latest Action: 08/02/2017 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

 

Tax

S.1710 — 115th Congress (2017-2018)
A bill to reduce the Federal budget deficit by closing big oil tax loopholes, and for other purposes.
Sponsor: Sen. Menendez, Robert [D-NJ] (Introduced 08/02/2017) Cosponsors: (21)
Committees: Senate - Finance
Latest Action: 08/02/2017 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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