PublicationsInsights on Current Policy Issues

  • August 13, 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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  • 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...

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The House will consider H.R. 2201 – Micro Offering Safe Harbor Act. The Senate will resume consideration of William L. Wehrum, to be an Assistant Administrator of the Environmental Protection Agency and vote on the motion to invoke cloture on the nomination of Derek Kan, to be Under Secretary of Transportation.

House

 

Yesterday

  • Micro Offering Safe Harbor Act--Rule for Consideration:
    • The House agreed to H. Res. 609, providing for consideration of the bill (H.R. 2201) to amend the Securities Act of 1933 to exempt certain micro-offerings from the registration requirements of such Act, by a yea-and-nay vote of 233 yeas to 190 nays, Roll No. 617, after the previous question was ordered by a yea-and-nay vote of 224 yeas to 190 nays, Roll No. 616.
  • Hydropower Policy Modernization Act of 2017:
    • The House passed H.R. 3043, to modernize hydropower policy, by a recorded vote of 257 ayes to 166 noes, Roll No. 620.
  • Pursuant to the Rule, it shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Energy and Commerce now printed in the bill.
  • Agreed to:
    • Grothman amendment (No. 1 printed in H. Rept. 115–391) that requires the U.S. Department of Interior consider the threat of invasive species when it makes decisions on hydropower licensing;
    • Babin amendment (No. 2 printed in H. Rept. 115–391) that allows FERC to examine the licenses of any project located in an area that was declared by the President to be a disaster area in 2017; and
    • Jenkins (WV) amendment (No. 3 printed in H. Rept. 115–391) that ensures that when hydro projects have an existing Memorandum of Understanding for non-federal hydropower with FERC that all relevant federal agencies are authorized to fully study and review the potential expansion of non-federal hydropower, including a review of seasonal pool levels and slowing flood releases.
  • Rejected:
    • Rush amendment in the nature of a substitute (No. 4 printed in H. Rept. 115–391) that sought to add a new section to the Federal Power Act (FPA) to improve the hydropower licensing process; direct the Commission and the Federal resource agencies to convene a negotiated rulemaking within 90 days of enactment with state and local government representatives, Indian tribes, and stakeholders to develop a process that will coordinate all necessary Federal authorizations and enable the Commission to make a final decision on a license not later than 3 years of receiving a completed license application (by a recorded vote of 185 ayes to 234 noes, Roll No. 619).
  • H. Res. 607, the rule providing for consideration of the bills (H.R. 3043) and (H.R. 3441) was agreed to yesterday, November 7th.
  • Suspensions--Proceedings Resumed: The House agreed to suspend the rules and pass the following measures. Consideration began Tuesday, November 7th.
    • Veterans Crisis Line Study Act of 2017:
      • H.R. 4173, amended, to direct the Secretary of Veterans Affairs to conduct a study on the Veterans Crisis Line, by a \2/3\ yea-and-nay vote of 420 yeas with none voting ``nay'', Roll No. 618; and
    • Veterans Fair Debt Notice Act of 2017:
      • H.R. 3705, amended, to direct the Secretary of Veterans Affairs to require the use of certified mail and plain language in certain debt collection activities, by a 2/3 yea-and-nay vote of 422 yeas with none voting ``nay'', Roll No. 621.

 

Today

  • On Thursday, the House will meet at 9:00 a.m. for legislative business. First and last votes expected: 10:15 a.m. – 11:15 a.m.
  • H.R. 2201 – Micro Offering Safe Harbor Act (Structured Rule) (Sponsored by Rep. Tom Emmer / Financial Services Committee)
  • The Rule provides for one hour of debate and makes in order the following amendment:
    • Rep. Tom Emmer Amendment (10 minutes of debate)

 

Senate

 

Yesterday

  • Measures Passed:
    • National Diabetes Heart Health Awareness Day:
      • Senate agreed to S. Res. 324, designating November 9, 2017, as ``National Diabetes Heart Health Awareness Day'', coinciding with American Diabetes Month.
    • National Obesity Care Week:
      • Senate agreed to S. Res. 325, expressing support for designation of the week of October 29 through November 4, 2017, as ``National Obesity Care Week''.
    • FITARA Enhancement Act:
      • Senate passed H.R. 3243, to amend title 40, United States Code, to eliminate the sunset of certain provisions relating to information technology, to amend the National Defense Authorization Act for Fiscal Year 2015 to extend the sunset relating to the Federal Data Center Consolidation Initiative.
    • Federal Agency Mail Management Act:
      • Senate passed H.R. 194, to ensure the effective processing of mail by Federal agencies.
  • Wehrum Nomination--Agreement:
    • Senate resumed consideration of the nomination of William L. Wehrum, of Delaware, to be an Assistant Administrator of the Environmental Protection Agency.
  • During consideration of this nomination today, Senate also took the following action:
    • By 49 yeas to 46 nays (Vote No. 267), Senate agreed to the motion to close further debate on the nomination.
    • A unanimous-consent agreement was reached providing for further consideration of the nomination, post-cloture, at approximately 9:30 a.m., on Thursday, November 9, 2017.
  • Nominations--Agreement:
    • A unanimous-consent-time agreement was reached providing that notwithstanding Rule XXII, at 11 a.m., on Thursday, November 9, 2017, there be 30 minutes of post-cloture time remaining on the nomination of William L. Wehrum, of Delaware, to be an Assistant Administrator of the Environmental Protection Agency, equally divided between the two Leaders or their designees, and that following the use or yielding back of that time, Senate vote on confirmation of the nomination; and that following disposition of the Wehrum nomination, Senate stand in recess until 1:45 p.m.; and that at 1:45 p.m., Senate vote on the motion to invoke cloture on the nomination of Derek Kan, of California, to be Under Secretary of Transportation for Policy, with no intervening action or debate.
  • Nominations Confirmed: Senate confirmed the following nominations:
    • By 49 yeas to 46 nays (Vote No. EX. 266), Peter B. Robb, of Vermont, to be General Counsel of the National Labor Relations Board for a term of four years.
    • Melissa Sue Glynn, of the District of Columbia, to be an Assistant Secretary of Veterans Affairs (Enterprise Integration).
    • Cheryl L. Mason, of Virginia, to be Chairman of the Board of Veterans' Appeals for a term of six years.
    • Randy Reeves, of Mississippi, to be Under Secretary of Veterans Affairs for Memorial Affairs.

 

Today

  • The Senate stands adjourned until 9:30am on Thursday, November 9, 2017.
  • Following Leader remarks, the Senate will resume consideration of Executive Calendar #407, William L. Wehrum, of Delaware, to be an Assistant Administrator of the Environmental Protection Agency, post-cloture.
  • At 11:00am, there will be 30 minutes of post-cloture debate remaining, equally divided, followed by a vote on confirmation of the Wehrum nomination.
  • Following disposition of the Wehrum nomination, the Senate will recess until 1:45pm.
  • At 1:45pm, the Senate will vote on the motion to invoke cloture on the nomination of Executive Calendar #159, Derek Kan, of California, to be Under Secretary of Transportation.
  • Thursday, November 9th at 11:30am – 1 roll call vote
    • 1.      Confirmation of Executive Calendar #407, William L. Wehrum, of Delaware, to be an Assistant Administrator of the Environmental Protection Agency.
  • Thursday, November 9th at 1:45pm – 1 roll call vote
    • 1.      Motion to invoke cloture on Executive Calendar #159, Derek Kan, of California, to be Under Secretary of Transportation.

 

Hearings Covered by W&J Today

 

House Ways and Means
Tax Reform Markup

Senate Agriculture
Nomination Hearing

House Armed Services
Defense Aviation Readiness

 

Notable Legislation Introduced

 

Financial Services

H.R.4315 — 115th Congress (2017-2018)
To exclude from consideration as income under the United States Housing Act of 1937 certain veterans compensation and pensions, and for other purposes.
Sponsor: Rep. Vargas, Juan [D-CA-51] (Introduced 11/08/2017) Cosponsors: (1)
Committees: House - Financial Services
Latest Action: House - 11/08/2017 Referred to the House Committee on Financial Services.

H.R.4313 — 115th Congress (2017-2018)
To amend the Fair Credit Reporting Act to provide protections for active duty military consumers, and for other purposes.
Sponsor: Rep. Sanchez, Linda T. [D-CA-38] (Introduced 11/08/2017) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: House - 11/08/2017 Referred to the House Committee on Financial Services.

H.R.4302 — 115th Congress (2017-2018)
To amend the Federal Reserve Act to create congressional accountability for emergency lending programs, and for other purposes.
Sponsor: Rep. Tipton, Scott R. [R-CO-3] (Introduced 11/08/2017) Cosponsors: (0)
Committees: House - Financial Services, Rules
Latest Action: House - 11/08/2017 Referred to the Committee on Financial Services, and in addition to the Committee on Rules, 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 concerned.

H.R.4296 — 115th Congress (2017-2018)
To place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency.
Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3] (Introduced 11/08/2017) Cosponsors: (1)
Committees: House - Financial Services
Latest Action: House - 11/08/2017 Referred to the House Committee on Financial Services.

H.R.4294 — 115th Congress (2017-2018)
To amend the Financial Stability Act of 2010 to provide a criminal penalty for unauthorized disclosures of certain individually identifiable information by officers or employees of a Federal department or agency.
Sponsor: Rep. Kustoff, David [R-TN-8] (Introduced 11/08/2017) Cosponsors: (0)
Committees: House - Financial Services, Judiciary
Latest Action: House - 11/08/2017 Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, 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...

 

Health

H.R.4297 — 115th Congress (2017-2018)
To amend title XVIII of the Social Security Act to provide information regarding vaccines for seniors as part of the Medicare & You handbook and to ensure that the treatment of cost sharing for vaccines under Medicare part D is consistent with the treatment of vaccines under Medicare part B, and for other purposes.
Sponsor: Rep. Bucshon, Larry [R-IN-8] (Introduced 11/08/2017) Cosponsors: (1)
Committees: House - Energy and Commerce, Ways and Means
Latest Action: House - 11/08/2017 Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, 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...

S.2103 — 115th Congress (2017-2018)
A bill to amend title XVIII of the Social Security Act to provide information regarding vaccines for seniors as part of the Medicare & You handbook and to ensure that the treatment of cost sharing for vaccines under Medicare part D is consistent with the treatment of vaccines under Medicare part B, and for other purposes.
Sponsor: Sen. Hirono, Mazie K. [D-HI] (Introduced 11/08/2017) Cosponsors: (1)
Committees: Senate - Finance
Latest Action: Senate - 11/08/2017 Read twice and referred to the Committee on Finance.

PublicationsInsights on Current Policy Issues

  • August 13, 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
  • 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

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