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

The House will consider H.R. 5247 – Trickett Wendler, Frank Mongiello, Jordan McLinn, and Matthew Bellina Right to Try Act of 2018 and H.R. 4061 – Financial Stability Oversight Council Improvement Act of 2017. The Senate will proceed to the consideration of H.R.1865, SESTA/FOSTA.

THE HOUSE

 

Yesterday

  • Alleviating Stress Test Burdens to Help Investors Act:
    • The House passed H.R. 4566, 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, by a yea-and-nay vote of 395 yeas to 19 nays, Roll No. 119.
  • Agreed to:
    • Maxine Waters (CA) amendment No. 1, as modified, That restores the Federal Reserve Board's discretionary authority to stress test any non-designated non-bank, provided that certain conditions are met. It would also allow the Fed to use alternatives to capital, as appropriate, when stress-testing SIFI-designated non-banks, and eliminates the bill's $10 billion threshold for the SEC's and CFTC's authority to issue stress testing rules for entities under their purview.
    • Agreed by unanimous consent that the Waters Amendment No. 1 to the bill H.R. 4566, printed in House Report No. 115–613, be modified.
    • Pursuant to House Resolution 787, in lieu of the amendment in the nature of a substitute recommended by the Committee on Financial Services printed in the bill, an amendment in the nature of a substitute consisting of the text of Rules Committee Print 115–65, is adopted and the bill, as amended, is considered read.
    • H. Res. 787, the rule providing for consideration of the bills (H.R. 4566 and H.R. 5247), was agreed to by recorded vote of 225 ayes to 183 noes, Roll No. 118, after the previous question was ordered by a yea-and-nay vote of 233 yeas to 181 nays, Roll No. 117.
    • Mabel Lee Memorial Post Office:
      • The House agreed to discharge from committee and pass H.R. 4463, to designate the facility of the United States Postal Service located at 6 Doyers Street in New York, New York, as the ``Mabel Lee Memorial Post Office''.
    • Amelia Earhart Post Office Building:
      • Agreed to take from the Speaker's table and pass S. 2040, to designate the facility of the United States Postal Service located at 621 Kansas Avenue in Atchison, Kansas, as the ``Amelia Earhart Post Office Building''.

 

Today

  • On Wednesday, the House will meet at 10:00 a.m. for morning hour and 11:00 a.m. for legislative business. First and last votes expected: TBD.
  • Postponed Suspension Votes:
    • 1) H.R. 4227 – Vehicular Terrorism Prevention Act of 2018, as amended (Sponsored by Rep. Bob Latta / Homeland Security Committee)
    • 2) H.R. 5131 – Surface Transportation Security Improvement Act of 2018, as amended (Sponsored by Rep. Bonnie Watson Coleman / Homeland Security Committee)
    • 3) H.R. 4467 – Strengthening Aviation Security Act of 2018, as amended (Sponsored by Rep. Jody Hice / Homeland Security Committee)
    • 4) H.R. 5089 – Strengthening Local Transportation Security Capabilities Act of 2018, as amended (Sponsored by Rep. Nanette Barragán / Homeland Security Committee)
  • H.R. 5247 – Trickett Wendler, Frank Mongiello, Jordan McLinn, and Matthew Bellina Right to Try Act of 2018 (Closed Rule, One Hour of Debate) (Sponsored by Rep. Brian Fitzpatrick / Energy and Commerce Committee)
  • H.R. 4061 – Financial Stability Oversight Council Improvement Act of 2017, Rules Committee Print (Closed Rule, One Hour of Debate) (Sponsored by Rep. Dennis Ross / Financial Services Committee)

 

THE SENATE

 

Yesterday

  • Measures Passed:
    • Recognizing contributions of AmeriCorps members and alumni: Committee on Health, Education, Labor, and Pensions was discharged from further consideration of S. Res. 434, recognizing the contributions of AmeriCorps members and alumni to the lives of the people of the United States, and the resolution was then agreed to.
    • Veterans Health Administration employees: Committee on Veterans' Affairs was discharged from further consideration of S. 899, to amend title 38, United States Code, to ensure that the requirements that new Federal employees who are veterans with service-connected disabilities are provided leave for purposes of undergoing medical treatment for such disabilities apply to certain employees of the Veterans Health Administration, and the bill was then passed.
  • Measures Considered:
    • Allow States and Victims to Fight Online Sex Trafficking Act--Agreement:
      • Senate continued consideration of the motion to proceed to consideration of H.R. 1865, to amend the Communications Act of 1934 to clarify that section 230 of such Act does not prohibit the enforcement against providers and users of interactive computer services of Federal and State criminal and civil law relating to sexual exploitation of children or sex trafficking.
    • A unanimous-consent agreement was reached providing that at approximately 11 a.m., on Wednesday, March 21, 2018, Senate begin consideration of the bill, as under the order of Monday, March 19, 2018.
    • Yemen Joint Resolution:
      • By 55 yeas to 44 nays (Vote No. 58), Senate tabled the motion to discharge the Committee on Foreign Relations of S.J. Res. 54, to direct the removal of United States Armed Forces from hostilities in the Republic of Yemen that have not been authorized by Congress.
  • Nominations Confirmed: Senate confirmed the following nominations:
    • William M. McSwain, of Pennsylvania, to be United States Attorney for the Eastern District of Pennsylvania for the term of four years.
    • Matthew D. Harris, of Utah, to be United States Marshal for the District of Utah for the term of four years.
    • Johnny Lee Kuhlman, of Oklahoma, to be United States Marshal for the Western District of Oklahoma for the term of four years.
    • Joseph D. McClain, of Indiana, to be United States Marshal for the Southern District of Indiana for the term of four years.
    • David A. Weaver, of Colorado, to be United States Marshal for the District of Colorado for the term of four years.

 

Today

  • The Senate stands adjourned until 11:00am on Wednesday, March 21, 2018.
  • Following leader remarks, the Senate will proceed to the consideration of H.R.1865, SESTA/FOSTA. The only amendments in order are Wyden amendment #2212 and Wyden amendment #2213. There will be up to 4 hours of debate concurrently on the amendments and that following the use or yielding back of time, the Senate will vote in relation to the amendments, with a 60 vote threshold required for adoption of each amendment. Upon disposition of the amendments, the Senate will vote on passage of the bill, as amended, if amended.
  • At 1:00pm on Wednesday, Senator Jones will deliver his maiden speech.
  • We could have the 3 SESTA/FOSTA votes in the 4:30pm range tomorrow. Another message will be sent when those votes are scheduled.

 

Hearings Covered by W&J Today

 

House Energy and Commerce
Combating the Opioid Epidemic

House Ways and Means
U.S. Trade Policy Agenda

House Financial Services
Markup

House Oversight and Government Reform
Improper Payments in State-Administered Programs: Medicaid

House Armed Services
State/Non-State Actor Influence Operations

House Oversight and Government Reform
Puerto Rico Hurricane Recovery Bureaucratic Challenges

House Ways and Means
Medicare/CHIP Physician Payment Policies

House Foreign Affairs
China's Foreign Influence Operations

Senate Intelligence
Election Security

 

Notable Legislation Introduced

 

Financial Services

H.R.5352 — 115th Congress (2017-2018)
To provide rental assistance to low-income tenants of certain multifamily rural housing projects, and for other purposes.
Sponsor: Rep. Kuster, Ann M. [D-NH-2] (Introduced 03/20/2018) Cosponsors: (2)
Committees: House - Financial Services
Latest Action: House - 03/20/2018 Referred to the House Committee on Financial Services.

S.2574 — 115th Congress (2017-2018)
A bill to provide rental assistance to low-income tenants of certain multifamily rural housing projects, and for other purposes.
Sponsor: Sen. Shaheen, Jeanne [D-NH] (Introduced 03/20/2018) Cosponsors: (1)
Committees: Senate - Banking, Housing, and Urban Affairs
Latest Action: Senate - 03/20/2018 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 

Health

H.R.5353 — 115th Congress (2017-2018)
To amend the Public Health Service Act to reauthorize and expand a program of surveillance and education, carried out by the Centers for Disease Control and Prevention, regarding infections associated with injection drug use.
Sponsor: Rep. Lance, Leonard [R-NJ-7] (Introduced 03/20/2018) Cosponsors: (5)
Committees: House - Energy and Commerce
Latest Action: House - 03/20/2018 Referred to the House Committee on Energy and Commerce.

H.R.5343 — 115th Congress (2017-2018)
To amend the Public Health Service Act to nullify certain contractual provisions prohibiting or penalizing a pharmacist's disclosure of the availability of therapeutically equivalent alternative drugs, or alternative methods of purchasing the prescription drug, that are less expensive, and for other purposes.
Sponsor: Rep. Carter, Earl L. "Buddy" [R-GA-1] (Introduced 03/20/2018) Cosponsors: (5)
Committees: House - Energy and Commerce
Latest Action: House - 03/20/2018 Referred to the House Committee on Energy and Commerce.

S.2579 — 115th Congress (2017-2018)
A bill to amend the Public Health Service Act to reauthorize and expand a program of surveillance and education, carried out by the Centers of Disease Control and Prevention, regarding infections associated with injection drug use.
Sponsor: Sen. Young, Todd C. [R-IN] (Introduced 03/20/2018) Cosponsors: (2)
Committees: Senate - Health, Education, Labor, and Pensions
Latest Action: Senate - 03/20/2018 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

S.2575 — 115th Congress (2017-2018)
A bill to amend title XVIII of the Social Security Act to provide for treatment of audiologists as physicians for purposes of furnishing audiology services under the Medicare program, to improve access to the audiology services available for coverage under the Medicare program and to enable beneficiaries to have their choice of a qualified audiologist to provide such services, and for other purposes.
Sponsor: Sen. Warren, Elizabeth [D-MA] (Introduced 03/20/2018) Cosponsors: (1)
Committees: Senate - Finance
Latest Action: Senate - 03/20/2018 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

Recent TweetsFollow Us >

TheFirmWJ
TheFirmWJ Williams & Jensen Mourns Its Co-founder, JD Williams: bit.ly/2BBOUrT
TheFirmWJ
TheFirmWJ Bills slated for consideration on the House floor next week: bit.ly/2m5O3e3
TheFirmWJ
TheFirmWJ Bills to be considered on the House floor next week as of noon on 12/7: bit.ly/2AD5lFl pic.twitter.com/p...