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 House will consider twelve bills under suspension of the rules as well as consider the motion to go to conference on H.R. 6157, Department of Defense Appropriations Act, 2019. The Senate will resume consideration of Elad L. Roisman, , to be a Member of the Securities and Exchange Commission.

THE HOUSE

 

Yesterday

  • The House was not in session.

 

Today

  • On Tuesday, the House will meet at 2:00 p.m. for legislative business. Votes will be postponed until 6:30 p.m.
  • Legislation Considered Under Suspension of the Rules:
    • 1) Concurring in the Senate Amendment to H.R. 4318 – Miscellaneous Tariff Bill Act, as amended (Sponsored by Rep. Kevin Brady / Ways and Means Committee)
    • 2) H.R. 6439 – Biometric Identification Transnational Migration Alert Program Authorization Act of 2018 (Sponsored by Rep. Michael McCaul / Homeland Security Committee)
    • 3) H.R. 6459 – TSA OPEN for Business Act (Sponsored by Rep. Bennie Thompson / Homeland Security Committee)
    • 4) H.R. 6430 – Securing the Homeland Security Supply Chain Act of 2018 (Sponsored by Rep. Peter King / Homeland Security Committee)
    • 5) H.R. 6443 – Advancing Cybersecurity Diagnostics and Mitigation Act, as amended (Sponsored by Rep. John Ratcliffe / Homeland Security Committee)
    • 6) H.R. 5869 – Maritime Border Security Review Act (Sponsored by Rep. Jenniffer Gonzalez-Colon / Homeland Security Committee)
    • 7) H.R. 6374 – FIT Act, as amended (Sponsored by Rep. Scott Perry / Homeland Security Committee)
    • 8) H.R. 6438 – DHS Countering Unmanned Aircraft Systems Coordinator Act, as amended (Sponsored by Rep. Scott Perry / Homeland Security Committee)
    • 9) H.R. 6447 – Department of Homeland Security Chief Data Officer Authorization Act, as amended (Sponsored by Rep. John Carter / Homeland Security Committee)
    • 10) H.R. 6265 – PreCheck is PreCheck Act of 2018, as amended (Sponsored by Rep. John Katko / Homeland Security Committee)
    • 11) H.R. 6461 – TSA National Deployment Force Act (Sponsored by Rep. Bonnie Watson Coleman / Homeland Security Committee)
    • 12) H.R. 6400 – United States Ports of Entry Threat and Operational Review Act (Sponsored by Rep. Debbie Lesko / Homeland Security Committee)
  • Motion to Go to Conference on H.R. 6157, Department of Defense Appropriations Act, 2019 and Democrat Motion to Instruct Conferees

 

THE SENATE

 

Yesterday

  • The Senate was not in session.

 

Today

  • On Tuesday, following Leader remarks, the Senate will resume consideration of Executive Calendar #1061, Elad L. Roisman, of Maine, to be a Member of the Securities and Exchange Commission. At 5:30pm, the Senate will vote on the motion to invoke cloture on the Roisman nomination.
  • Tuesday, September 4th at 5:30pm – 1 roll call vote
    • 1.  Motion to invoke cloture on Executive Calendar #1061, Elad L. Roisman, of Maine, to be a Member of the Securities and Exchange Commission

 

Hearings Covered by W&J Today

 

No hearings scheduled

 

Notable Legislation Introduced

 

Tax

H.R.6694 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to provide employers with a credit against tax for increasing employee training.
Sponsor: Rep. Brown, Anthony G. [D-MD-4] (Introduced 08/31/2018) Cosponsors: (1)
Committees: House - Ways and Means
Latest Action: House - 08/31/2018 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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