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.

     

    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...

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The House will consider H.R. 4606 – Ensuring Small Scale LNG Certainty and Access Act as well as the motion to go to conference on H.R. 6147, Interior, Environment, Financial Services, and General Government Appropriations Act, 2019 and the Democrat motion to instruct conferees. The Senate is expected to hold at least one roll call vote on a judicial nomination today around 1:45p.m.

THE HOUSE

 

Yesterday

  • Suspensions: The House agreed to suspend the rules and pass the following measures:
    • Improving Embassy Design and Security Act of 2018:
      • H.R. 4969, amended, to improve the design and construction of diplomatic posts;
    • Cyber Deterrence and Response Act of 2018:
      • H.R. 5576, amended, to address state-sponsored cyber activities against the United States; and
    • Global Electoral Exchange Act:
      • H.R. 5274, amended, to promote international exchanges on best election practices, cultivate more secure democratic institutions around the world.
  • Recess: The House recessed at 3:44 p.m. and reconvened at 5:05 p.m.
  • Oath of Office--Twelfth Congressional District of Ohio:
    • Representative-elect Troy Balderson presented himself in the well of the House and was administered the Oath of Office by the Speaker. Earlier, the Clerk of the House transmitted a copy of a letter received from the Honorable Jon Husted, Ohio Secretary of State, indicating that, at the Special Election held on August 7, 2018, the Honorable Troy Balderson was elected Representative to Congress for the 12th Congressional District, State of Ohio.
  • Empowering Students Through Enhanced Financial Counseling Act:
    • The House passed H.R. 1635, to amend the loan counseling requirements under the Higher Education Act of 1965, by a yea-and-nay vote of 406 yeas to 4 nays, Roll No. 385.
  • Rejected the Lamb motion to recommit to the Committee on Education and the Workforce with instructions to report the same back to the House forthwith with an amendment, by a yea-and-nay vote of 187 yeas to 224 nays, Roll No. 384.
  • Agreed to:
    • Stefanik amendment (No. 1 printed in part A of H. Rept. 115–919) that provides all students with an explanation of how to seek additional assistance from the financial aid office should they experience a change of financial circumstance; additionally, the amendment would specify that a borrower receives the loan amount they requested;
    • Murphy (FL) amendment (No. 2 printed in part A of H. Rept. 115–919) that requires institutions of higher education, as part of the annual counseling process mandated by the bill, to inform a student borrower that the loan amounts the student uses during an academic term will count towards the student's aggregate loan amounts, regardless of whether the credits transfer;
    • O'Halleran amendment (No. 3 printed in part A of H. Rept. 115–919) that requires counseling to disclose the anticipated monthly payment to borrowers for any income-driven repayment plan for which they are eligible, improving borrowers' awareness of income-driven repayment plan options;
    • Lewis (MN) amendment (No. 4 printed in part A of H. Rept. 115–919) that clarifies all payment options for Parent PLUS loans and notifies Parent PLUS borrowers that their dependent may qualify for and should consider scholarships, grants, and federal work-study jobs prior to borrowing;
    • Allen amendment (No. 5 printed in part A of H. Rept. 115–919) that provides that nothing prohibits institutions from providing additional financial counseling;
    • Hartzler amendment (No. 6 printed in part A of H. Rept. 115–919) that encourages institutions of higher education to have students attend in-person loan counseling sessions; and
    • Jayapal amendment (No. 7 printed in part A of H. Rept. 115–919) that adds requirement that student loan exit counseling includes a warning about illegitimate third-party debt relief companies, which offer services for a fee already provided to borrowers free of charge through loan servicers.
  • H. Res. 1049, the rule providing for consideration of the bills (H.R. 1635) and (H.R. 4606) was agreed to a yea-and-nay vote of 224 yeas to 180 nays, Roll No. 383, after the previous question was ordered by a recorded vote of 221 ayes to 186 noes, Roll No. 382.

 

Today

  • On Thursday, the House will meet at 10:00 a.m. for morning hour and 12:00 p.m. for legislative business. First votes expected: 1:15 p.m. – 2:15 p.m. Last votes expected: 4:00 p.m. – 5:00 p.m.
  • H.R. 4606 – Ensuring Small Scale LNG Certainty and Access Act (Structured Rule) (Sponsored by Rep. Bill Johnson / Energy and Commerce Committee)
  • The Rule provides for one hour of general debate and makes in order the following amendments:
    • Rep. Frank Pallone Amendment (10 minutes of debate)
    • Rep. Diana DeGette Amendment (10 minutes of debate)
  • Motion to Go to Conference on H.R. 6147, Interior, Environment, Financial Services, and General Government Appropriations Act, 2019 and Democrat Motion to Instruct Conferees

 

THE SENATE

 

Yesterday

  • Swearing in of Senator Kyl: The Chair laid before the Senate the certificate of appointment of Senator-designate Jon Kyl of the State of Arizona, and the oath of office was then administered as required by the U.S. Constitution and prescribed by law.
  • Nomination Confirmed: Senate confirmed the following nomination:
    • By 85 yeas to 14 nays (Vote No. EX. 202), Elad L. Roisman, of Maine, to be a Member of the Securities and Exchange Commission for a term expiring June 5, 2023.

 

Today

  • The Senate stands adjourned until 12:00 Noon on Thursday, September 6, 2018.
  • Following Leader remarks, the Senate will be in a period of morning business with senators permitted to speak therein for up to 10 minutes each.
  • As a reminder, last week the Senate reached an agreement that the Senate will vote on the following nominations this week:
    • 1. Confirmation of Executive Calendar #693 - Marilyn Jean Horan, of Pennsylvania, to be US District Judge for the Western District of Pennsylvania
    • 2. Confirmation Executive Calendar #731 - William F. Jung, of Florida, to be US District Judge for the Middle District of Florida
    • 3. Confirmation Executive Calendar #778 - Kari A. Dooley, of Connecticut, to be US District Judge for the District of Connecticut
    • 4. Confirmation Executive Calendar #779 - Dominic W. Lanza, of Arizona, to be US District Judge for the District of Arizona
    • 5. Confirmation Executive Calendar #782 - Charles J. Williams, of Iowa, to be US District Judge for the Northern District of Iowa
    • 6. Confirmation Executive Calendar #838 - Robert R. Summerhays, of Louisiana, to be US District Judge for the Western District of Louisiana
    • 7. Confirmation Executive Calendar #839 - Eric C. Tostrud, of Minnesota, to be US District Judge for the District of Minnesota
    • 8. Confirmation Executive Calendar #893 - Alan D. Albright, of Texas, to be US District Judge for the Western District of Texas
  • We expect at least 1 roll call vote around 1:45pm tomorrow.

 

Hearings Covered by W&J Today

 

House Financial Services
GSE Reform

Senate Appropriations
International Trade/Industry and Security Oversight

Senate Banking
Russia Sanctions

House Oversight
Permitting Policy

House Transportation and Infrastructure
Airspace Integration of New Aircraft

House Homeland Security
Aviation Sector Cybersecurity Threats

House Energy and Commerce
Quality of Care and Resident Safety in Nursing Homes

MedPAC
Unified Payment System For Post-Acute Care

House Oversight and Government Reform
Federal Disaster Response and Recovery Efforts

House Foreign Affairs
U.S. Policy Towards Cuba

 

Notable Legislation Introduced

 

Health

H.R.6709 — 115th Congress (2017-2018)
To prohibit the use of Federal funds by the Department of Health and Human Services to award a grant for the development of any video game.
Sponsor: Rep. Norman, Ralph [R-SC-5] (Introduced 09/05/2018) Cosponsors: (0)
Committees: House - Energy and Commerce, Ways and Means, Education and the Workforce, Natural Resources
Latest Action: House - 09/05/2018 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Education and the Workforce, and Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions...

H.R.6703 — 115th Congress (2017-2018)
To allow individuals to choose to opt out of the Medicare part A benefit.
Sponsor: Rep. Palmer, Gary J. [R-AL-6] (Introduced 09/05/2018) Cosponsors: (0)
Committees: House - Ways and Means
Latest Action: House - 09/05/2018 Referred to the House Committee on Ways and Means.

H.R.6702 — 115th Congress (2017-2018)
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: Rep. Bilirakis, Gus M. [R-FL-12] (Introduced 09/05/2018) Cosponsors: (1)
Committees: House - Energy and Commerce, Judiciary
Latest Action: House - 09/05/2018 Referred to the Committee on Energy and Commerce, and in addition to the Committee on the Judiciary, 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.3411 — 115th Congress (2017-2018)
A bill to ensure medications are affordable.
Sponsor: Sen. Smith, Tina [D-MN] (Introduced 09/05/2018) Cosponsors: (14)
Committees: Senate - Finance
Latest Action: Senate - 09/05/2018 Read twice and referred to the Committee on Finance.

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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