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.

     

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The House will consider 7 bills under suspension of the rules. The Senate will proceed to the consideration of the nomination of Joseph Balash, to be an Assistant Secretary of the Interior.

THE HOUSE

 

Yesterday

  • Concealed Carry Reciprocity Act of 2017:
    • The House passed H.R. 38, to amend title 18, United States Code, to provide a means by which nonresidents of a State whose residents may carry concealed firearms may also do so in the State, by a recorded vote of 231 ayes to 198 noes, Roll No. 663.
  • Rejected the Thompson (CA) motion to recommit the bill to the Committee on the Judiciary with instructions to report the same back to the House forthwith with amendments, by a yea-and-nay vote of 190 yeas to 236 nays, Roll No. 662.
  • Pursuant to the Rule, an amendment in the nature of a substitute consisting of the text of Rules Committee Print 115–45 shall be considered as adopted, in lieu of the amendment in the nature of a substitute recommended by the Committee on the Judiciary now printed in the bill.
  • H. Res. 645, the rule providing for consideration of the bill (H.R. 38) was agreed to by a recorded vote of 232 ayes to 194 noes, Roll No. 660, after the previous question was ordered by a yea-and-nay vote of 236 yeas to 189 nays, Roll No. 659.
  • Suspensions--Proceedings Resumed:
    • The House agreed to suspend the rules and pass the following measure. Consideration began Tuesday, December 5th.
  • Enhancing Veteran Care Act:
    • S. 1266, to authorize the Secretary of Veterans Affairs to enter into contracts with nonprofit organizations to investigate medical centers of the Department of Veterans Affairs, by a 2/3 yea-and-nay vote of 423 yeas with none voting ``nay'', Roll No. 661; and
    • Condemning ethnic cleansing of the Rohingya and calling for an end to the attacks in and an immediate restoration of humanitarian access to the state of Rakhine in Burma: H. Con. Res. 90, amended, condemning ethnic cleansing of the Rohingya and calling for an end to the attacks in and an immediate restoration of humanitarian access to the state of Rakhine in Burma, by a 2/3 yea-and-nay vote of 423 yeas to 3 nays, Roll No. 664;
    • Agreed to amend the title so as to read: ``Condemning ethnic cleansing of the Rohingya and calling for an end to the violence in and an immediate restoration of humanitarian access to the state of Rakhine in Burma.''.

 

Today

  • On Tuesday, 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: 1:15 p.m. – 2:15 p.m.
  • Legislation Considered Under Suspension of the Rules:
    • 1) H.R. 3731 – Secret Service Recruitment and Retention Act of 2017, as amended (Sponsored by Rep. John Katko / Judiciary Committee)
    • 2) H.R. 3317 – SAFE Act of 2017, as amended (Sponsored by Rep. Dave Trott / Judiciary Committee)
    • 3) S. 1266 – Enhancing Veteran Care Act (Sponsored by Sen. James M. Inhofe / Veterans Affairs Committee)
    • 4) H.R. 2658 – Venezuela Humanitarian Assistance and Defense of Democratic Governance Act of 2017, as amended (Sponsored by Rep. Eliot Engel / Foreign Affairs Committee)
    • 5) H.Con.Res. 90 – Condemning ethnic cleansing of the Rohingya and calling for an end to the attacks in and an immediate restoration of humanitarian access to the state of Rakhine in Burma, as amended (Sponsored by Rep. Joseph Crowley / Foreign Affairs Committee)
    • 6) H.R. 1164 – Taylor Force Act, as amended (Sponsored by Rep. Doug Lamborn / Foreign Affairs Committee)
    • 7) H.Res. 259 – Expressing concern and condemnation over the political, economic, social, and humanitarian crisis in Venezuela, as amended (Sponsored by Rep. Ron DeSantis / Foreign Affairs Committee)

 

THE SENATE

 

Yesterday

  • House Messages:
    • Tax Cuts and Jobs Act:
      • By 51 yeas to 47 nays (Vote No. 306), Senate insisted on its amendment to H.R. 1, to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, agreed to the requested conference with the House thereon, and the Chair was authorized to appoint conferees on the part of the Senate, after taking action on the following motions to instruct conferees proposed thereto:
        • Adopted:
          • Rubio Motion to Instruct Conferees to insist that any conference report shall increase the refundable per-child tax credit to no less than $2,000 and that the credit be expanded to benefit more low-wage parents.
  • Rejected:
    • By 48 yeas to 50 nays (Vote No. 307), King Motion to Instruct Conferees to insist that the final conference report not increase the Federal budget deficit for the period of fiscal years 2018 through 2027.
    • By 44 yeas to 54 nays (Vote No. 308), Stabenow Motion to Instruct Conferees to insist that the final conference report includes a provision causing the corporate tax rate to revert to 35 percent in the event that real average household wages do not increase by at least $4,000 by 2020 as a result of the enactment of the bill.
    • By 47 yeas to 51 nays (Vote No. 309), Booker Motion to Instruct Conferees to insist that the final conference report does not contain any provisions that would increase the number of individuals who do not have health insurance or increase health insurance premiums.
  • Urban Indian Health Parity Act--Referral Agreement:
    • A unanimous-consent agreement was reached providing that the Committee on Indian Affairs be discharged from further consideration of S. 2146, to extend the full Federal medical assistance percentage to urban Indian organizations, and the bill then be referred to the Committee on Finance.
  • Bodine Nomination--Agreement:
    • A unanimous-consent-time agreement was reached providing that at a time to be determined by the Majority Leader, in consultation with the Democratic Leader, Senate begin consideration of the nomination of Susan Parker Bodine, of Maryland, to be an Assistant Administrator of the Environmental Protection Agency; that there be 30 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.
  • Balash Nomination--Agreement:
    • A unanimous-consent agreement was reached providing that at 11:45 a.m., on Thursday, December 7, 2017, Senate begin consideration of the nomination of Joseph Balash, of Alaska, to be an Assistant Secretary of the Interior, as under the order of Tuesday, December 5, 2017.

 

Today

  • The Senate stands adjourned until 10:00am on Thursday, December 7, 2017.
  • Following Leader remarks, the Senate will be in a period of morning business with senators permitted to speak therein for up to 10 minutes each.
  • At 11:00am, Senator Strange will be recognized for 30 minutes.
  • At 11:45am, the Senate will proceed to the consideration of Executive Calendar #321, the nomination of Joseph Balash, of Alaska, to be an Assistant Secretary of the Interior. Under the previous order there is 1 hour of debate equally divided. Upon the use or yielding back of time (approx. 12:30) the Senate will vote on confirmation of the nomination.
  • The Senate is also expected to receive a continuing resolution from the House during Thursday’s session.

 

Hearings Covered by W&J Today

 

SEC
Investor Advisory Committee

Senate HELP
Medical Innovation

House Financial Services
Examining the Office of Financial Research

House Energy and Commerce
EPA Mission

House Financial Services
Federal Financial Regulatory Regime

House Oversight and Government Reform
Oversight of VA Cybersecurity/IT

 

 

Notable Legislation Introduced

 

Financial Services

H.R.4566 — 115th Congress (2017-2018)
To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide relief to nonbanks from certain stress test requirements under such Act.
Sponsor: Rep. Poliquin, Bruce [R-ME-2] (Introduced 12/06/2017) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: House - 12/06/2017 Referred to the House Committee on Financial Services.

H.R.4562 — 115th Congress (2017-2018)
To provide relief to community banks, to promote access to capital for community banks, and for other purposes.
Sponsor: Rep. Hill, J. French [R-AR-2] (Introduced 12/06/2017) Cosponsors: (1)
Committees: House - Financial Services
Latest Action: House - 12/06/2017 Referred to the House Committee on Financial Services.

H.R.4560 — 115th Congress (2017-2018)
To suspend contributions by Fannie Mae and Freddie Mac to the Housing Trust Fund during any period that the full required dividend payments under the Senior Preferred Stock Purchase Agreements for such enterprises are not made, and for other purposes.
Sponsor: Rep. Hill, J. French [R-AR-2] (Introduced 12/06/2017) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: House - 12/06/2017 Referred to the House Committee on Financial Services.

 

Health

H.R.4580 — 115th Congress (2017-2018)
To amend title XVIII of the Social Security Act to improve the Medicare accountable care organization (ACO) program, and for other purposes.
Sponsor: Rep. Welch, Peter [D-VT-At Large] (Introduced 12/06/2017) Cosponsors: (1)
Committees: House - Ways and Means, Energy and Commerce
Latest Action: House - 12/06/2017 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...

H.R.4579 — 115th Congress (2017-2018)
To amend title XVIII of the Social Security Act to implement Medicare payment policies designed to improve management of chronic disease, streamline care coordination, and improve quality outcomes without adding to the deficit.
Sponsor: Rep. Welch, Peter [D-VT-At Large] (Introduced 12/06/2017) Cosponsors: (1)
Committees: House - Ways and Means, Energy and Commerce
Latest Action: House - 12/06/2017 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...

H.R.4572 — 115th Congress (2017-2018)
To direct the Secretary of Health and Human Services to enter into an arrangement with the National Academy of Medicine to evaluate the preparedness of hospitals, long-term care facilities, dialysis centers, and other medical facilities for public health emergencies.
Sponsor: Rep. Dingell, Debbie [D-MI-12] (Introduced 12/06/2017) Cosponsors: (1)
Committees: House - Energy and Commerce
Latest Action: House - 12/06/2017 Referred to the House Committee on Energy and Commerce.

 

Transportation

H.R.4559 — 115th Congress (2017-2018)
To conduct a global aviation security review, and for other purposes.
Sponsor: Rep. Estes, Ron [R-KS-4] (Introduced 12/06/2017) Cosponsors: (2)
Committees: House - Homeland Security
Latest Action: House - 12/06/2017 Referred to the House Committee on Homeland Security.

S.2202 — 115th Congress (2017-2018)
A bill to amend title 49, United States Code, to authorize appropriations for the National Transportation Safety Board, and for other purposes.
Sponsor: Sen. Thune, John [R-SD] (Introduced 12/06/2017) Cosponsors: (4)
Committees: Senate - Commerce, Science, and Transportation
Latest Action: Senate - 12/06/2017 Read twice and referred to the Committee on Commerce, Science, and Transportation.

 

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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