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 the House Amendment to Senate Amendment to H.R. 1625 – Consolidated Appropriations Act, 2018, the omnibus appropriations bill for FY 2018. The Senate will begin consideration of the omnibus bill when it is received from the House. Funding for the government expires midnight tomorrow.

THE HOUSE

 

Yesterday

  • SUMMARY OF LEGISLATIVE BUSINESS
    • Democrat Motion to Recommit on H.R. 5247 – REJECTED 182 – 233, ROLL CALL 120
    • H.R. 5247 - Trickett Wendler, Frank Mongiello, Jordan McLinn, and Matthew Bellina Right to Try Act of 2018 – PASSED 267 – 149, ROLL CALL 121

 

Today

  • On Thursday, the House will meet at 9:00 a.m. for legislative business. First votes expected: 10:15 a.m. – 11:15 a.m. Last votes expected: 12:30 p.m. – 1:30 p.m.
  • House Amendment to Senate Amendment to H.R. 1625 – Consolidated Appropriations Act, 2018 (Closed Rule, One Hour of Debate) (Sponsored by Rep. Rodney Frelinghuysen / Appropriations 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)
  • 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)

 

THE SENATE

 

Yesterday

  • Roll Call Votes
    • 1.  Wyden motion to waive all applicable points of order with respect to Wyden amendment #2213; Not Waived: 21-78
    • 2.  Passage of H.R.1865, SESTA/FOSTA; Passed: 97-2
  • Legislative Business
    • S.Res.438, University of California
  • Executive Business
    • The Senate confirmed the following nominations by voice vote:
      • DEPARTMENT OF THE TREASURY
        • Cal. #596 - David J. Ryder, of New Jersey, to be Director of the Mint for a term of five years
      • FINANCIAL STABILITY OVERSIGHT COUNCIL
        • Cal. #671 - Thomas E. Workman, of New York, to be a Member of the Financial Stability Oversight Council for a term of six years

 

Today

  • The Senate stands adjourned until 10:30am on Thursday, March 22, 2018.
  • The Senate will begin considering the House Amendment to Senate Amendment to H.R. 1625 – Consolidated Appropriations Act, 2018, the omnibus appropriations bill for FY 2018.

 

Hearings Covered by W&J Today

 

House Ways and Means
Steel/Aluminum Trade Actions

Senate Banking
HUD Oversight

Senate Finance
Trade Policy

House Energy and Commerce
Combating the Opioid Epidemic

Senate Commerce
Enhancing the Marine Mammal Protection Act

House Energy and Commerce
Legislative Hearing on Four Communications Bills

House Oversight and Government Reform
Puerto Rico Hurricane Recovery Bureaucratic Challenges

Alliance for Health Policy
Competition and Consolidation: Understanding Recent Trends in the Health Care Market

 

Notable Legislation Introduced

 

Health Care

S.2582 — 115th Congress (2017-2018)
A bill to provide health insurance reform, and for other purposes.
Sponsor: Sen. Warren, Elizabeth [D-MA] (Introduced 03/21/2018) Cosponsors: (5)
Committees: Senate - Finance
Latest Action: Senate - 03/21/2018 Read twice and referred to the Committee on Finance.

 

Tax

H.R.5377 — 115th Congress (2017-2018)
To require the Secretary of the Treasury to make available an internet platform to prepare and file Forms 1099, and for other purposes.
Sponsor: Rep. Renacci, James B. [R-OH-16] (Introduced 03/21/2018) Cosponsors: (2)
Committees: House - Ways and Means
Latest Action: House - 03/21/2018 Referred to the House Committee on Ways and Means.

H.R.5376 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to ensure that contractors to whom return information is disclosed comply with confidentiality safeguards.
Sponsor: Rep. Renacci, James B. [R-OH-16] (Introduced 03/21/2018) Cosponsors: (0)
Committees: House - Ways and Means
Latest Action: House - 03/21/2018 Referred to the House Committee on Ways and Means

H.R.5372 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to make permanent certain provisions of Public Law 115-97, and for other purposes.
Sponsor: Rep. Mitchell, Paul [R-MI-10] (Introduced 03/21/2018) Cosponsors: (0)
Committees: House - Ways and Means
Latest Action: House - 03/21/2018 Referred to the House Committee on Ways and Means.

H.R.5370 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to eliminate the IRS Oversight Board.
Sponsor: Rep. Johnson, Sam [R-TX-3] (Introduced 03/21/2018) Cosponsors: (0)
Committees: House - Ways and Means
Latest Action: House - 03/21/2018 Referred to the House Committee on Ways and Means.

H.R.5368 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to require that certain tax refunds be made by electronic funds transfer, and for other purposes.
Sponsor: Rep. Bishop, Mike [R-MI-8] (Introduced 03/21/2018) Cosponsors: (2)
Committees: House - Ways and Means
Latest Action: House - 03/21/2018 Referred to the House Committee on Ways and Means.

H.R.5362 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to modernize and improve the management of Internal Revenue Service information technology.
Sponsor: Rep. Walorski, Jackie [R-IN-2] (Introduced 03/21/2018) Cosponsors: (0)
Committees: House - Ways and Means
Latest Action: House - 03/21/2018 Referred to the House Committee on Ways and Means.

H.R.5361 — 115th Congress (2017-2018)
To require that the Secretary of the Treasury establish a program for the issuance of identity protection personal identification numbers.
Sponsor: Rep. Paulsen, Erik [R-MN-3] (Introduced 03/21/2018) Cosponsors: (0)
Committees: House - Ways and Means
Latest Action: House - 03/21/2018 Referred to the House Committee on Ways and Means.

H.R.5360 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to provide for a credit against tax for qualified special law enforcement officers.
Sponsor: Rep. Meadows, Mark [R-NC-11] (Introduced 03/21/2018) Cosponsors: (0)
Committees: House - Ways and Means
Latest Action: House - 03/21/2018 Referred to the House Committee on Ways and Means.

 

Transportation

H.R.5366 — 115th Congress (2017-2018)
To amend title 18, United States Code, to provide for certain authorized actions regarding interdiction of unmanned aircraft, and for other purposes.
Sponsor: Rep. Hartzler, Vicky [R-MO-4] (Introduced 03/21/2018) Cosponsors: (2)
Committees: House - Judiciary, Transportation and Infrastructure, Homeland Security
Latest Action: House - 03/21/2018 Referred to the Committee on the Judiciary, and in addition to the Committees on Transportation and Infrastructure, and Homeland Security, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within.

H.R.5358 — 115th Congress (2017-2018)
To direct the Secretary of Transportation to issue regulations relating to commercial motor vehicle drivers under the age of 21, and for other purposes.
Sponsor: Rep. Hunter, Duncan D. [R-CA-50] (Introduced 03/21/2018) Cosponsors: (4)
Committees: House - Transportation and Infrastructure
Latest Action: House - 03/21/2018 Referred to the House Committee on Transportation and Infrastructure.

S.2588 — 115th Congress (2017-2018)
A bill to amend title 54, United States Code, to establish a program to allow States to assume certain Federal responsibilities under that title with respect to agency actions applicable to highway projects within the States, and for other purposes.
Sponsor: Sen. Cornyn, John [R-TX] (Introduced 03/21/2018) Cosponsors: (2)
Committees: Senate - Environment and Public Works
Latest Action: Senate - 03/21/2018 Read twice and referred to the Committee on Environment and Public Works.

S.2587 — 115th Congress (2017-2018)
A bill to amend the Endangered Species Act of 1973 to establish a program to allow States to assume certain Federal responsibilities under that Act with respect to agency actions applicable to highway projects within the States, and for other purposes.
Sponsor: Sen. Cornyn, John [R-TX] (Introduced 03/21/2018) Cosponsors: (2)
Committees: Senate - Environment and Public Works
Latest Action: Senate - 03/21/2018 Read twice and referred to the Committee on Environment and Public Works.

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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