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.

     

    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. 1699 – Preserving Access to Manufactured Housing Act of 2017. The Senate will resume consideration of H.R.1, to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018 (vehicle for Republican tax legislation).

House

 

Yesterday

  • Minnesota's Economic Rights in the Superior National Forest Act:
    • The House passed H.R. 3905, to require congressional approval of any mineral withdrawal or monument designation involving the National Forest System lands in the State of Minnesota, to provide for the renewal of certain mineral leases in such lands, by a recorded vote of 216 ayes to 204 noes, Roll No. 643. Consideration began yesterday, November 29th.
  • Rejected:
    • Grijalva amendment (No. 1 printed in H. Rept. 115–429) that was debated on November 29th that sought to increase the royalty rate by 16.66 percent for mineral leases in the Superior National Forest (by a yea-and-nay vote of 182 yeas to 237 nays, Roll No. 642).
  • H. Res. 631, the rule providing for consideration of the bills (H.R. 3017) and (H.R. 3905) was agreed to yesterday, November 29th.
  • Ensuring a Qualified Civil Service Act of 2017:
    • The House passed H.R. 4182 to amend title 5, United States Code, to modify probationary periods with respect to positions within the competitive service and the Senior Executive Service, by a recorded vote of 213 ayes to 204 noes, Roll No. 648.
  • Agreed to:
    • Gianforte amendment (No. 3 printed in H. Rept. 115–430), as modified, that provides additional notification to supervisor with 1 year, 6 months, 3 months and 30 days of remaining probationary period.
  • Rejected:
    • Hastings (FL) amendment (No. 1 printed in H. Rept. 115–430) that sought to exempt alumni of the PeaceCorps, AmeriCorps, and other national service programs under the Corporation for National and Community Service from the two year probationary period (by a recorded vote of 195 ayes to 221 noes, Roll No. 646); and
    • Conolly amendment in the nature of a substitute (No. 4 printed in H. Rept. 115–430) that sought to strike the provisions of the bill and replace it with a study and report by the Comptroller General of the United States; the study and report would be on those agencies that have lengthened the employee probationary period from 1 to 2 years, and any impact of an existing 2 year probationary period at the agency (by a recorded vote of 193 ayes to 223 noes, Roll No. 647).
  • H. Res. 635, the rule providing for consideration of the bills (H.R. 4182) and (H.R. 1699) was agreed to by a yea-and-nay vote of 226 yeas to 186 nays, Roll No. 645, after the previous question was ordered by a yea-and-nay vote of 229 yeas to 189 nays, Roll No. 644.
  • Brownfields Enhancement, Economic Redevelopment, and Reauthorization Act of 2017:
    • The House passed H.R. 3017, to amend the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to reauthorize and improve the brownfields program, by a yea-and-nay vote of 409 yeas to 8 nays, Roll No. 649.
  • Pursuant to the Rule, an amendment in the nature of a substitute consisting of the text of Rules Committee Print 115–40 shall be considered as adopted.
  • H. Res. 631, the rule providing for consideration of the bills (H.R. 3017) and (H.R. 3905) was agreed to yesterday, November 29th.
  • Relating to the exercise of the authority of the ranking minority member of the Committee on the Judiciary:
    • The House agreed to H. Res. 636, relating to the exercise of the authority of the ranking minority member of the Committee on the Judiciary.

 

Today

  • On Friday, the House will meet at 9:00 a.m. for legislative business. First and last votes expected: 10:30 a.m. – 11:30 a.m.
  • H.R. 1699 – Preserving Access to Manufactured Housing Act of 2017 (Closed Rule, One Hour of Debate) (Sponsored by Rep. Andy Barr / Financial Services Committee)

 

Senate

 

Yesterday

  • Measures Considered:
    • Tax Cuts and Jobs Act--Agreement:
      • Senate continued consideration of H.R. 1, to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, taking action on the following motions and amendment proposed thereto:
    • Rejected:
      • By 48 yeas to 52 nays (Vote No. 286), Brown motion to commit the bill to the Committee on Finance, with instructions.
      • By 48 yeas to 51 nays (Vote No. 287), Casey motion to commit the bill to the Committee on Finance, with instructions.
      • By 48 yeas to 52 nays (Vote No. 288), King motion to commit the bill to the Committee on Finance, with instructions.
      • By 45 yeas to 55 nays (Vote No. 289), Stabenow motion to commit the bill to the Committee on Finance, with instructions.
    • Pending:
      • McConnell (for Hatch/Murkowski) Amendment No. 1618, of a perfecting nature.
      • Baldwin motion to commit the bill to the Committee on Finance, with instructions.
      • Wyden (for Nelson) motion to commit the bill to the Committee on Finance, with instructions.
    • A unanimous-consent-time agreement was reached providing that following Leader remarks on Friday, December 1, 2017, there be up to 20 minutes of debate on each motion, equally divided in the usual form, and that following the use or yielding back of that time, Senate vote on the motions, with no intervening action or debate.
    • A unanimous-consent agreement was reached providing for further consideration of the bill at approximately 10 a.m., on Friday, December 1, 2017.

 

Today

  • The Senate stands adjourned until 10:00am on Friday, December 1, 2017.
  • Following Leader remarks, the Senate will resume consideration of H.R.1, to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018 (vehicle for Republican tax legislation). There will be 20 minutes for debate on the Baldwin motion to commit (carried interest) and 20 minutes for debate on the Nelson motion to commit (middle class tax relief). Upon the use or yielding back of time, the Senate will vote on the motions to commit. If all time is used, there will be 2 roll call votes around 11:00am.
  • Roll call votes are expected throughout the day on Friday.
  • Pending to H.R.1, Tax Reconciliation
  • Hatch amendment #1618 (substitute: committee reported tax/ANWR amendment)
  • Baldwin motion to commit H.R.1 (carried interest)
  • Nelson motion to commit H.R.1 (middle-class tax relief)

 

Hearings Covered by W&J Today

 

House Appropriations
Department of Housing and Urban Development, Community Block Grants - Disaster Recovery

Alliance for Health Policy
“What's Next for Medicare Provider Payment?”

 

Notable Legislation Introduced

 

Cybersecurity

S.2179 — 115th Congress (2017-2018)
A bill to protect consumers by requiring reasonable security policies and procedures to protect data containing personal information, and to provide for nationwide notice in the event of a breach of security.
Sponsor: Sen. Nelson, Bill [D-FL] (Introduced 11/30/2017) Cosponsors: (2)
Committees: Senate - Commerce, Science, and Transportation
Latest Action: Senate - 11/30/2017 Read twice and referred to the Committee on Commerce, Science, and Transportation.

 

Financial Services

H.R.4499 — 115th Congress (2017-2018)
To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to set the rate of pay for employees of the Bureau of Consumer Financial Protection in accordance with the General Schedule.
Sponsor: Rep. Duffy, Sean P. [R-WI-7] (Introduced 11/30/2017) Cosponsors: (0)
Committees: House - Financial Services, Oversight and Government Reform
Latest Action: House - 11/30/2017 Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, 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...

S.2181 — 115th Congress (2017-2018)
A bill to amend the Fair Credit Reporting Act to provide protections for active duty military consumers.
Sponsor: Sen. Menendez, Robert [D-NJ] (Introduced 11/30/2017) Cosponsors: (2)
Committees: Senate - Banking, Housing, and Urban Affairs
Latest Action: Senate - 11/30/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 

Health

H.R.4501 — 115th Congress (2017-2018)
To increase funding for the State response to the opioid misuse crisis and to provide funding for research on addiction and pain related to the substance misuse crisis.
Sponsor: Rep. Loebsack, David [D-IA-2] (Introduced 11/30/2017) Cosponsors: (3)
Committees: House - Energy and Commerce
Latest Action: House - 11/30/2017 Referred to the House Committee on Energy and Commerce.

S.2175 — 115th Congress (2017-2018)
A bill to amend title XVIII of the Social Security Act to preserve Medicare beneficiary access to ventilators, and for other purposes.
Sponsor: Sen. Cassidy, Bill [R-LA] (Introduced 11/30/2017) Cosponsors: (2)
Committees: Senate - Finance
Latest Action: Senate - 11/30/2017 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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