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

The House will consider 15 bills under suspension of the rules. The Senate will resume consideration of the nomination of William L. Campbell, Jr., of Tennessee, to be US District Judge for the Middle District of Tennessee.

THE HOUSE

 

Yesterday

  • SUMMARY OF LEGISLATIVE BUSINESS
    • Quorum Call   Establishing a quorum in the House of Representatives for the Second Session of the 115th Congress – 357 PRESENT

 

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: 3:30 p.m. – 4:30 p.m.
  • One Minute Speeches
  • Legislation Considered Under Suspension of the Rules:
    • 1) H.R. 4577 – Domestic Explosives Detection Canine Capacity Building Act of 2017, as amended (Sponsored by Rep. Mike Rogers / Homeland Security Committee)
    • 2) H.R. 4567 – DHS Overseas Personnel Enhancement Act of 2017, as amended (Sponsored by Rep. John Katko / Homeland Security Committee)
    • 3) H.R. 4561 – SAFE TECH Act, as amended (Sponsored by Rep. Gus Bilirakis / Homeland Security Committee)
    • 4) H.R. 1486 – Securing American Non-Profit Organizations Against Terrorism Act of 2017, as amended (Sponsored by Rep. Bennie Thompson / Homeland Security Committee)
    • 5) H.R. 4578 – Counter Terrorist Network Act (Sponsored by Rep. Filemon Vela / Homeland Security Committee)
    • 6) H.R. 4559 – Global Aviation System Security Reform Act of 2017, as amended (Sponsored by Rep. Ron Estes / Homeland Security Committee)
    • 7) H.R. 3202 – Cyber Vulnerability Disclosure Reporting Act (Sponsored by Rep. Sheila Jackson Lee / Homeland Security Committee)
    • 8) H.R. 4555 – DHS Interagency Counterterrorism Task Force Act of 2017, as amended (Sponsored by Rep. John Rutherford / Homeland Security Committee)
    • 9) H.R. 4564 – Post-Caliphate Threat Assessment Act of 2017 (Sponsored by Rep. Clay Higgins / Homeland Security Committee)
    • 10) H.R. 4569 – Counterterrorism Information Sharing Improvement Act of 2017 (Sponsored by Rep. Mike Gallagher / Homeland Security Committee)
    • 11) H.R. 4581 – Screening and Vetting Passenger Exchange Act of 2017 (Sponsored by Rep. Brian Fitzpatrick / Homeland Security Committee)
    • 12) H.R. 4433 – Securing DHS Firearms Act of 2017, as amended (Sponsored by Rep. Lou Correa / Homeland Security Committee)
    • 13) H.Res. 676 – Supporting the rights of the people of Iran to free expression, condemning the Iranian regime for its crackdown on legitimate protests, and for other purposes (Sponsored by Rep. Ed Royce / Foreign Affairs Committee)
    • 14) H.R. 535 – Taiwan Travel Act (Sponsored by Rep. Steve Chabot / Foreign Affairs Committee)
    • 15) H.R. 3320 – To direct the Secretary of State to develop a strategy to regain observer status for Taiwan in the World Health Organization, and for other purposes (Sponsored by Rep. Ted Yoho / Foreign Affairs Committee)

 

THE SENATE

 

Yesterday

  • Roll Call Votes
    • 1. Motion to invoke cloture on Executive Calendar #370, William L. Campbell, Jr., of Tennessee, to be US District Judge for the Middle District of Tennessee; invoked: 89-1.
  • Legislative Business
    • Passed by voice vote H.R.3759:
      • RAISE Family Caregivers Act.
    • Passed Calendar #265, S.1425:
      • Coordinated Ocean Monitoring Research Act with Wicker amendment.
  • No Executive Business

 

Today

  • The Senate stands adjourned until 10:00am on Tuesday, January 9, 2018.
  • Following Leader remarks, the Senate will be in Executive Session and resume consideration of the nomination of Executive Calendar #370, William L. Campbell, Jr., of Tennessee, to be US District Judge for the Middle District of Tennessee, post-cloture.
  • The Senate will recess from 12:30pm until 2:15pm to allow for the weekly caucus meetings.
  • At 2:15pm, the Senate will vote on confirmation of the Campbell nomination and upon its disposition there will be an immediate cloture vote on Executive Calendar #371, Thomas Lee Robinson Parker, of Tennessee to be US District Judge for the Western District of Tennessee.
  • As a reminder, Senator McConnell has also filed cloture on the following nominations:
    • 1. Executive Calendar #371, Thomas Lee Robinson Parker, of Tennesse to be US District Judge for the Western District of Tennessee;
    • 2. Executive Calendar #389, Michael Lawrence Brown, of Georgia, to be US District Judge for the Northern District of Georgia; and
    • 3. Executive Calendar #435, Walter David Counts III, of Texas, to be US District Judge for the Western District of Texas.
  • Each nomination is subject to a cloture vote and then, if cloture is invoked, up to 30 hours of post-cloture debate prior to a vote on confirmation. Upon disposition of the first nomination, there would be a cloture vote on the next nomination in the series and then, if cloture is invoked, up to 30 hours of debate.

 

Hearings Covered by W&J Today

 

GSA/OMB
“Procurement Through Commercial e-Commerce Portals”

Senate Finance
“Azar Nomination”

Senate Banking
“Combatting Money Laundering and Illicit Finance”

Senate HELP
“The Opioid Crisis: An Examination of How We Got Here and How We Move Forward”

House Energy and Commerce
“DOE Modernization: Advancing DOE’s Mission for National, Economic, and Energy Security of the United States”

House Financial Services
“Evaluating CFIUS: Challenges Posed by a Changing Global Economy”

House Financial Services
“Legislative Proposals for a More Efficient Federal Financial Regulatory Regime: Part III”

 

Notable Legislation Introduced

 

Financial Services

H.R.4738 — 115th Congress (2017-2018)
To amend the Investment Company Act of 1940 to provide complaint and burden of proof requirements for certain actions for breach of fiduciary duty.
Sponsor: Rep. Emmer, Tom [R-MN-6] (Introduced 01/08/2018) Cosponsors: (0)
Committees: House - Financial Services, Judiciary
Latest Action: House - 01/08/2018 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..

S.2282 — 115th Congress (2017-2018)
A bill to amend title 28, United States Code, to modify venue requirements relating to bankruptcy proceedings.
Sponsor: Sen. Cornyn, John [R-TX] (Introduced 01/08/2018) Cosponsors: (1)
Committees: Senate - Judiciary
Latest Action: Senate - 01/08/2018 Read twice and referred to the Committee on the Judiciary.

 

Tax

H.R.4740 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to repeal the limitation on the deduction for certain taxes, including state and local property and income taxes.
Sponsor: Rep. Lowey, Nita M. [D-NY-17] (Introduced 01/08/2018) Cosponsors: (1)
Committees: House - Ways and Means
Latest Action: House - 01/08/2018 Referred to the House Committee on Ways and Means.

 

Transportation

H.R.4739 — 115th Congress (2017-2018)
To provide dedicated funding for the national infrastructure investment program and the capital investment grant program, and for other purposes.
Sponsor: Rep. Hastings, Alcee L. [D-FL-20] (Introduced 01/08/2018) Cosponsors: (0)
Committees: House - Transportation and Infrastructure, Ways and Means
Latest Action: House - 01/08/2018 Referred to the Committee on Transportation and Infrastructure, 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...

H.R.4737 — 115th Congress (2017-2018)
To amend title 49, United States Code, to require the air transportation security programs established by airport operators to contain certain elements.
Sponsor: Rep. Wasserman Schultz, Debbie [D-FL-23] (Introduced 01/08/2018) Cosponsors: (6)
Committees: House - Homeland Security
Latest Action: House - 01/08/2018 Referred to the House Committee on Homeland Security.

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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