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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  • 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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  • October 10, 2017

    By Frank Vlossak

    On October 10, Environmental Protection Agency (EPA) Administrator Scott Pruitt signed a Notice of Proposed Rulemaking (NPRM) titled “Repeal of Carbon Pollution Emission Guidelines for Existing Stationary Sources: Electric Generating Units”. The NPRM would rescind the Obama Administration’s Clean Power Plan (CPP), a rule that would reduce greenhouse gas (GHG) emissions from existing power generation sector sources, namely coal and natural gas power plants.

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The Senate will proceed to Executive Session and resume consideration of Mark Jeremy Bennett, to be United States Circuit Judge for the Ninth Circuit.

THE HOUSE

 

Friday

  • The House was not in session.

 

Today

  • The House is not in session.

 

THE SENATE

 

Friday

  • The Senate was not in session.

 

Today

  • Following Leader remarks, the Senate will proceed to Executive Session and resume consideration of Executive Calendar #836, Mark Jeremy Bennett, of Hawaii, to be United States Circuit Judge for the Ninth Circuit
  • Cloture was also filed on the Benczkowski (Assistant AG) and Ney (GC of DoD).
  • If cloture is invoked on any of the nominations, there would be up to 30 hours of debate prior to a vote on confirmation of the nomination before moving to the next cloture vote.

 

Hearings Covered by W&J Today

 

No hearings scheduled

 

Notable Legislation Introduced

 

Health

H.R.6315 — 115th Congress (2017-2018)
To provide women with increased access to preventive and life-saving cancer screening.
Sponsor: Rep. Gomez, Jimmy [D-CA-34] (Introduced 07/06/2018) Cosponsors: (2)
Committees: House - Energy and Commerce
Latest Action: House - 07/06/2018 Referred to the House Committee on Energy and Commerce.

H.R.6314 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to allow bronze and catastrophic plans in connection with health savings accounts.
Sponsor: Rep. Burgess, Michael C. [R-TX-26] (Introduced 07/06/2018) Cosponsors: (1)
Committees: House - Ways and Means
Latest Action: House - 07/06/2018 Referred to the House Committee on Ways and Means.

H.R.6313 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to allow the carryforward of health flexible spending arrangement account balances.
Sponsor: Rep. Stivers, Steve [R-OH-15] (Introduced 07/06/2018) Cosponsors: (0)
Committees: House - Ways and Means
Latest Action: House - 07/06/2018 Referred to the House Committee on Ways and Means.

H.R.6312 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to treat certain amounts paid for physical activity, fitness, and exercise as amounts paid for medical care.
Sponsor: Rep. Smith, Jason [R-MO-8] (Introduced 07/06/2018) Cosponsors: (1)
Committees: House - Ways and Means
Latest Action: House - 07/06/2018 Referred to the House Committee on Ways and Means.

H.R.6311 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 and the Patient Protection and Affordable Care Act to modify the definition of qualified health plan for purposes of the health insurance premium tax credit and to allow individuals purchasing health insurance in the individual market to purchase a lower premium copper plan.
Sponsor: Rep. Roskam, Peter J. [R-IL-6] (Introduced 07/06/2018) Cosponsors: (1)
Committees: House - Energy and Commerce, Ways and Means
Latest Action: House - 07/06/2018 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.6310 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to provide that direct primary care service arrangements do not disqualify deductible health savings account contributions, and for other purposes.
Sponsor: Rep. Paulsen, Erik [R-MN-3] (Introduced 07/06/2018) Cosponsors: (0)
Committees: House - Ways and Means
Latest Action: House - 07/06/2018 Referred to the House Committee on Ways and Means.

H.R.6309 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to allow individuals entitled to Medicare Part A by reason of being over age 65 to contribute to health savings accounts.
Sponsor: Rep. Paulsen, Erik [R-MN-3] (Introduced 07/06/2018) Cosponsors: (0)
Committees: House - Ways and Means
Latest Action: House - 07/06/2018 Referred to the House Committee on Ways and Means.

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
  • 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
  • October 10, 2017

    By Frank Vlossak

    On October 10, Environmental Protection Agency (EPA) Administrator Scott Pruitt signed a Notice of Proposed Rulemaking (NPRM) titled “Repeal of Carbon Pollution Emission Guidelines for Existing Stationary Sources: Electric Generating Units”. The NPRM would rescind the Obama Administration’s Clean Power Plan (CPP), a rule that would reduce greenhouse gas (GHG) emissions from existing power generation sector sources, namely coal and natural gas power plants.

    Read...

    Read More

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