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.

     

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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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The House will consider H.R. 4607 – Comprehensive Regulatory Review Act as well as eight bills under suspension of the rules. The Senate will resume consideration of the motion to proceed to S.2155, Economic Growth, Regulatory Relief, and Consumer Protection Act. At 11:00am, the Senate will vote on the motion to invoke cloture on the motion to proceed to S.2155, followed by a vote on confirmation of the nomination of Terry Doughty, of Louisiana, to be United States District Judge for the Western District of Louisiana.

THE HOUSE

 

Yesterday

  • Suspensions: The House agreed to suspend the rules and pass the following measures:
    • Designating the facility of the United States Postal Service located at 901 N. Francisco Avenue, Mission, Texas, as the ``Mission Veterans Post Office Building'':
      • H.R. 1209, to designate the facility of the United States Postal Service located at 901 N. Francisco Avenue, Mission, Texas, as the ``Mission Veterans Post Office Building'';
    • Designating the facility of the United States Postal Service located at 13683 James Madison Highway in Palmyra, Virginia, as the ``U.S. Navy Seaman Dakota Kyle Rigsby Post Office'':
      • H.R. 3183, to designate the facility of the United States Postal Service located at 13683 James Madison Highway in Palmyra, Virginia, as the ``U.S. Navy Seaman Dakota Kyle Rigsby Post Office'', by a \2/3\ yea-and-nay vote of 389 yeas with none voting ``nay'', Roll No. 92;
    • Designating the facility of the United States Postal Service located at 99 Macombs Place in New York, New York, as the ``Tuskegee Airman Post Office Building'':
      • H.R. 4406, amended, to designate the facility of the United States Postal Service located at 99 Macombs Place in New York, New York, as the ``Tuskegee Airman Post Office Building'', by a \2/3\ yea-and-nay vote of 387 yeas with none voting ``nay'', Roll No. 93;
    • Agreed to amend the title so as to read:
      • ``To designate the facility of the United States Postal Service located at 99 Macombs Place in New York, New York, as the `Tuskegee Airmen Post Office Building'.'';
    • Designating the facility of the United States Postal Service located at 1900 Corporate Drive in Birmingham, Alabama, as the ``Lance Corporal Thomas E. Rivers, Jr. Post Office Building'':
      • H.R. 4646, to designate the facility of the United States Postal Service located at 1900 Corporate Drive in Birmingham, Alabama, as the ``Lance Corporal Thomas E. Rivers, Jr. Post Office Building'';
    • Designating the facility of the United States Postal Service located at 515 Hope Street in Bristol, Rhode Island, as the ``First Sergeant P. Andrew McKenna Jr. Post Office'':
      • H.R. 4685, to designate the facility of the United States Postal Service located at 515 Hope Street in Bristol, Rhode Island, as the ``First Sergeant P. Andrew McKenna Jr. Post Office'';
    • Designating the facility of the United States Postal Service located at 120 West Pike Street in Canonsburg, Pennsylvania, as the ``Police Officer Scott Bashioum Post Office Building'':
      • S. 831, to designate the facility of the United States Postal Service located at 120 West Pike Street in Canonsburg, Pennsylvania, as the ``Police Officer Scott Bashioum Post Office Building''; and
    • Designating the facility of the United States Postal Service located at 514 Broadway Street in Pekin, Illinois, as the ``Lance Corporal Jordan S. Bastean Post Office'':
      • H.R. 2673, to designate the facility of the United States Postal Service located at 514 Broadway Street in Pekin, Illinois, as the ``Lance Corporal Jordan S. Bastean Post Office''.

 

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: 3:45 p.m. – 4:45 p.m.
  • H.R. 4607 – Comprehensive Regulatory Review Act, Rules Committee Print (Closed Rule, One Hour of Debate) (Sponsored by Rep. Barry Loudermilk / Financial Services Committee)
  • Legislation Considered Under Suspension of the Rules:
    • 1) H.R. 2226 – Portfolio Lending and Mortgage Access Act, as amended (Sponsored by Rep. Andy Barr / Financial Services Committee)
    • 2) H.R. 4725 – Community Bank Reporting Relief Act (Sponsored by Rep. Randy Hultgren / Financial Services Committee)
    • 3) H.R. 4768 – National Strategy for Combating the Financing of Transnational Criminal Organizations Act, as amended (Sponsored by Rep. David Kustoff / Financial Services Committee)
    • 4) H.R. 4986 – RAY BAUM’S Act of 2018, as amended (Sponsored by Rep. Marsha Blackburn / Energy and Commerce Committee)
    • 5) H.R. 1132 – Political Appointee Burrowing Prevention Act, as amended (Sponsored by Rep. Ken Buck / Oversight and Government Reform Committee)
    • 6) H.R. 3737 – Social Media Use in Clearance Investigations Act of 2017 (Sponsored by Rep. Ron DeSantis / Oversight and Government Reform Committee)
    • 7) H.R. 4043 – Whistleblower Protection Extension Act of 2017, as amended (Sponsored by Rep. Rod Blum / Oversight and Government Reform Committee)
    • 8) S. 188 – EGO Act, as amended (Sponsored by Sen. Bill Cassidy / Oversight and Government Reform Committee)

 

THE SENATE

 

Yesterday

  • Economic Growth, Regulatory Relief, and Consumer Protection Act--Agreement:
    • A unanimous-consent agreement was reached providing that at approximately 10 a.m., on Tuesday, March 6, 2018, Senate resume consideration of the motion to proceed to consideration of S. 2155, to promote economic growth, provide tailored regulatory relief, and enhance consumer protections, with the time until the vote on the motion to invoke cloture on the motion to proceed to consideration of the bill equally divided between the two Leaders, or their designees; that following disposition of the nomination of Terry A. Doughty, to be United States District Judge for the Western District of Louisiana, Senate continue consideration of the motion to proceed to consideration of the bill; and that all time during recess, adjournment, morning business, Leader remarks, and consideration of the nomination of Terry A. Doughty, count post-cloture on the motion to proceed to consideration of the bill.
  • Doughty Nomination--Agreement:
    • A unanimous-consent agreement was reached providing that notwithstanding Rule XXII, and the order of Thursday, March 1, 2018, the vote on confirmation of the nomination of Terry A. Doughty, to be United States District Judge for the Western District of Louisiana, occur following the vote on the motion to invoke cloture on the motion to proceed to consideration of S. 2155, to promote economic growth, provide tailored regulatory relief, and enhance consumer protections.
  • Nominations Confirmed: Senate confirmed the following nominations:
    • By a unanimous vote of 95 yeas (Vote No. EX. 46), Karen Gren Scholer, of Texas, to be United States District Judge for the Northern District of Texas.
    • By 85 yeas to 11 nays (Vote No. EX. 47), Tilman Eugene Self III, of Georgia, to be United States District Judge for the Middle District of Georgia.
    • Jeffrey Gerrish, of Maryland, to be a Deputy United States Trade Representative (Asia, Europe, the Middle East, and Industrial Competitiveness), with the rank of Ambassador.

 

Today

  • The Senate stands adjourned until 10:00am on Tuesday, March 6, 2018.
  • Following leader remarks, the Senate will resume consideration of the motion to proceed to Calendar #287, S.2155, Economic Growth, Regulatory Relief, and Consumer Protection Act, with the time before the cloture vote equally divided. At 11:00am, the Senate will vote on the motion to invoke cloture on the motion to proceed to S.2155, followed by a vote on confirmation of the nomination of Executive Calendar #536, Terry Doughty, of Louisiana, to be United States District Judge for the Western District of Louisiana.
  • The Senate will recess from 12:30pm until 2:15pm to allow for the weekly caucus meetings.
  • Tuesday at 11:00am – 2 roll call votes:
    • 1. Motion to invoke cloture on the motion to proceed to Calendar #287, S.2155, Economic Growth, Regulatory Relief, and Consumer Protection Act
    • 2. Confirmation of Executive Calendar #536, Terry Doughty, of Louisiana, to be United States District Judge for the Western District of Louisiana

 

Hearings Covered by W&J Today

 

House Transportation and Infrastructure
Examining the Administration's Infrastructure Proposal

House Appropriations
Treasury Budget

House Appropriations
Department of Labor Budget

Senate Finance
Protecting E-commerce Consumers from Counterfeits

House Financial Services
FY2019 Budget Views and Estimates

NHTSA
Public Meeting On Removing Regulatory Barriers For Vehicles With Automated Driving Systems – Session 1

NHTSA
Public Meeting On Removing Regulatory Barriers For Vehicles With Automated Driving Systems – Session 2

 

Notable Legislation Introduced

 

Financial Services

H.R.5166 — 115th Congress (2017-2018)
To direct the Federal Trade Commission to review and potentially revise its standards for safeguarding customer information to ensure that such standards require certain consumer reporting agencies and service providers of such agencies to maintain sufficient safeguards against cyber attacks and related threats, to provide for additional authority to enforce such standards with respect to such agencies and providers, and for other purposes.
Sponsor: Rep. Lieu, Ted [D-CA-33] (Introduced 03/05/2018) Cosponsors: (0)
Committees: House - Financial Services, Energy and Commerce
Latest Action: House - 03/05/2018 Referred to the Committee on Financial Services, 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...

S.2490 — 115th Congress (2017-2018)
A bill to amend the Real Estate Settlement Procedures Act of 1974 to modify requirements related to mortgage disclosures.
Sponsor: Sen. Scott, Tim [R-SC] (Introduced 03/05/2018) Cosponsors: (1)
Committees: Senate - Banking, Housing, and Urban Affairs
Latest Action: Senate - 03/05/2018 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 

Health

H.R.5161 — 115th Congress (2017-2018)
To require the Surgeon General of the Public Health Service to submit to Congress an annual report on the effects of gun violence on public health.
Sponsor: Rep. Kelly, Robin L. [D-IL-2] (Introduced 03/05/2018) Cosponsors: (53)
Committees: House - Energy and Commerce
Latest Action: House - 03/05/2018 Referred to the House Committee on Energy and Commerce.

H.R.5160 — 115th Congress (2017-2018)
To amend title XVIII of the Social Security Act to provide for coverage of cancer care planning and coordination under the Medicare program.
Sponsor: Rep. DeSaulnier, Mark [D-CA-11] (Introduced 03/05/2018) Cosponsors: (1)
Committees: House - Energy and Commerce, Ways and Means
Latest Action: House - 03/05/2018 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...

H.R.5155 — 115th Congress (2017-2018)
To amend the Patient Protection and Affordable Care Act to improve affordability of, undo sabotage with respect to, and increase access to health insurance coverage, and for other purposes.
Sponsor: Rep. Pallone, Frank, Jr. [D-NJ-6] (Introduced 03/05/2018) Cosponsors: (2)
Committees: House - Energy and Commerce, Ways and Means, Education and the Workforce
Latest Action: House - 03/05/2018 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the...

S.2494 — 115th Congress (2017-2018)
A bill to provide standards for short-term limited duration health insurance policies.
Sponsor: Sen. Baldwin, Tammy [D-WI] (Introduced 03/05/2018) Cosponsors: (16)
Committees: Senate - Health, Education, Labor, and Pensions
Latest Action: Senate - 03/05/2018 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

S.2493 — 115th Congress (2017-2018)
A bill to clarify the congressional intent behind the requirements relating to immediate suspension orders and corrective action plans under the Controlled Substances Act that were added by the Ensuring Patient Access and Effective Drug Enforcement Act of 2016.
Sponsor: Sen. Manchin, Joe, III [D-WV] (Introduced 03/05/2018) Cosponsors: (0)
Committees: Senate - Judiciary
Latest Action: Senate - 03/05/2018 Read twice and referred to the Committee on the Judiciary.

 

Tax

H.R.5159 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to extend the refined coal production tax credit and modify the qualifying advanced coal project credit.
Sponsor: Rep. Cramer, Kevin [R-ND-At Large] (Introduced 03/05/2018) Cosponsors: (1)
Committees: House - Ways and Means
Latest Action: House - 03/05/2018 Referred to the House Committee on Ways and Means.

 

Transportation

H.R.5158 — 115th Congress (2017-2018)
To direct the Secretary of Transportation to request nominations for and make determinations regarding roads to be designated under the national scenic byways program, and for other purposes.
Sponsor: Rep. Cicilline, David N. [D-RI-1] (Introduced 03/05/2018) Cosponsors: (1)
Committees: House - Transportation and Infrastructure
Latest Action: House - 03/05/2018 Referred to the House Committee on Transportation and Infrastructure.

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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