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.

     

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  • 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 one bill under suspension of the rules and consider S. 585 – Dr. Chris Kirkpatrick Whistleblower Protection Act of 2017 as well as the motion to go to Conference on H.R. 2810 – National Defense Authorization Act for Fiscal Year 2018, and Democrat Motion to Instruct Conferees.

House

 

Yesterday

  • Dr. Chris Kirkpatrick Whistleblower Protection Act of 2017--Rule for Consideration: The House agreed to H. Res. 562, providing for consideration of the bill (S. 585) to provide greater whistleblower protections for Federal employees, increased awareness of Federal whistleblower protections, and increased accountability and required discipline for Federal supervisors who retaliate against whistleblowers, by a recorded vote of 234 ayes to 185 noes, Roll No. 561, after the previous question was ordered by a yea-and-nay vote of 227 yeas to 190 nays, Roll No. 560.
  • Suspensions: The House agreed to suspend the rules and pass the following measures:
    • National Institute of Standards and Technology Small Business Cybersecurity Act of 2017: H.R. 2105, amended, to require the Director of the National Institute of Standards and Technology to disseminate guidance to help reduce small business cybersecurity risks;
    • Small Business Innovation Research and Small Business Technology Transfer Improvements Act of 2017: H.R. 2763, amended, to amend the Small Business Act to improve the Small Business Innovation Research program and Small Business Technology Transfer program;
    • Power And Security Systems (PASS) Act: S. 190, to provide for consideration of the extension under the Energy Policy and Conservation Act of nonapplication of No-Load Mode energy efficiency standards to certain security or life safety alarms or surveillance systems;
    • National Clinical Care Commission Act: S. 920, to establish a National Clinical Care Commission;
    • Designating the facility of the United States Postal Service located at 259 Nassau Street, Suite 2 in Princeton, New Jersey, as the ``Dr. John F. Nash, Jr. Post Office'': H.R. 2302, to designate the facility of the United States Postal Service located at 259 Nassau Street, Suite 2 in Princeton, New Jersey, as the ``Dr. John F. Nash, Jr. Post Office'';
    • Bonuses for Cost-Cutters Act of 2017: H.R. 378, amended, to amend title 5, United States Code, to enhance the authority under which Federal agencies may pay cash awards to employees for making cost saving disclosures;
    • Amending title 5, United States Code, to allow whistleblowers to disclose information to certain recipients: H.R. 2196, amended, to amend title 5, United States Code, to allow whistleblowers to disclose information to certain recipients;
    • All Circuit Review Act: H.R. 2229, to amend title 5, United States Code, to provide permanent authority for judicial review of certain Merit Systems Protection Board decisions relating to whistleblowers;
    • Frederick Douglass Bicentennial Commission Act: H.R. 2989, amended, to establish the Frederick Douglass Bicentennial Commission;
    • Thrift Savings Plan Modernization Act of 2017: H.R. 3031, amended, to amend title 5, United States Code, to provide for flexibility in making withdrawals from a Thrift Savings Plan account; and
    • FITARA Enhancement Act of 2017: H.R. 3243, to amend title 40, United States Code, to eliminate the sunset of certain provisions relating to information technology, and to amend the National Defense Authorization Act for Fiscal Year 2015 to extend the sunset relating to the Federal Data Center Consolidation Initiative, by a \2/3\ yea-and-nay vote of 418 yeas with none voting ``nay'', Roll No. 563.

 

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: 3:30 p.m. – 4:30 p.m.
  • Legislation Considered Under Suspension of the Rules:
    • 1) House Amendment to Senate Amendment to H.R. 2266 – Additional Supplemental Appropriations for Disaster Relief Requirements Act, 2017 (Sponsored by Rep. Rodney Frelinghuysen / Appropriations Committee)
    • S. 585 – Dr. Chris Kirkpatrick Whistleblower Protection Act of 2017 (Closed Rule, One Hour of Debate) (Sponsored by Sen. Ron Johnson / Oversight and Government Reform Committee)
    • Motion to go to Conference on H.R. 2810 – National Defense Authorization Act for Fiscal Year 2018, and Democrat Motion to Instruct Conferees

 

Senate

 

Yesterday

  • The Senate was not in session.

 

Today

  • The Senate is not in session.

 

Hearings Covered by W&J Today

 

House Financial Services
HUD Oversight

SEC
Investor Advisory Committee

House Energy and Commerce
Energy Department Missions/Management Priorities

House Energy & Commerce
Cross Border Data Flow Policies

Speaker’s Task Force on Intergovernmental Affairs hearing.
Are We “Federalizing” Federalism? A Primer on Federalism, State and Local Government and Interrelations with the Federal Government

 

Notable Legislation Introduced

 

Financial Services

H.R.4015 — 115th Congress (2017-2018)
To improve the quality of proxy advisory firms for the protection of investors and the U.S. economy, and in the public interest, by fostering accountability, transparency, responsiveness, and competition in the proxy advisory firm industry.
Sponsor: Rep. Duffy, Sean P. [R-WI-7] (Introduced 10/11/2017) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: House - 10/11/2017 Referred to the House Committee on Financial Services.

H.R.4007 — 115th Congress (2017-2018)
To revise the quorum requirement for the Board of Directors of the Export-Import Bank of the United States.
Sponsor: Rep. Dent, Charles W. [R-PA-15] (Introduced 10/11/2017) Cosponsors: (31)
Committees: House - Financial Services
Latest Action: House - 10/11/2017 Referred to the House Committee on Financial Services.

 

Health

H.R.4006 — 115th Congress (2017-2018)
To establish a Community-Based Institutional Special Needs Plan demonstration program to target home and community-based care to eligible Medicare beneficiaries, and for other purposes.
Sponsor: Rep. Sanchez, Linda T. [D-CA-38] (Introduced 10/11/2017) Cosponsors: (3)
Committees: House - Ways and Means, Energy and Commerce
Latest Action: House - 10/11/2017 Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee...

 

Sanctions

H.R.4027 — 115th Congress (2017-2018)
To require global economic and political pressure to support diplomatic denuclearization of the Korean Peninsula, including through the imposition of sanctions with respect to the Government of the Democratic People's Republic of Korea and any enablers of the activities of that Government, and to reauthorize the North Korean Human Rights Act of 2004, and for other purposes.
Sponsor: Rep. Wagner, Ann [R-MO-2] (Introduced 10/11/2017) Cosponsors: (2)
Committees: House - Foreign Affairs, Financial Services, Intelligence (Permanent)
Latest Action: House - 10/11/2017 Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, and Intelligence (Permanent Select), for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within...

 

Transportation

H.R.4021 — 115th Congress (2017-2018)
To amend title 49, United States Code, to provide funding for public transportation services offered by high-performing public and private systems, and for other purposes.
Sponsor: Rep. Perry, Scott [R-PA-4] (Introduced 10/11/2017) Cosponsors: (0)
Committees: House - Transportation and Infrastructure
Latest Action: House - 10/11/2017 Referred to the House Committee on Transportation and Infrastructure.

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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