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 resume consideration of the House message to accompany S.3021, the legislative vehicle for the Water Resources Development Act of 2018 (S.3021, was originally a courthouse naming bill).

THE HOUSE

 

Friday

  • The House was not in session.

 

Today

  • The House is not in session.

 

THE SENATE

 

Friday

  • Kavanaugh Nomination: Senate continued consideration of the nomination of Brett M. Kavanaugh, of Maryland, to be an Associate Justice of the Supreme Court of the United States.
  • During consideration of this nomination today, Senate also took the following action:
    • By 51 yeas to 49 nays (Vote No. EX. 222), Senate agreed to the motion to close further debate on the nomination.

 

Today

  • The Senate stands adjourned until 3:00pm on Tuesday, October 9, 2018.
  • Prior to adjourning, Senator McConnell moved to concur with respect to WRDA, filed cloture on the motion, filled the motion and amendment trees, and filed cloture on two DOJ and one DoD nominations.
  • Following leader remarks on Tuesday, the Senate will resume consideration of the House message to accompany S.3021, the legislative vehicle for the Water Resources Development Act of 2018 (S.3021, was originally a courthouse naming bill).
  • At 5:30pm on Tuesday, the Senate will vote on the motion to invoke cloture on the motion to concur. If cloture is invoked, there would be up to 30 hours of post-cloture debate prior to tearing down the motion and amendment tree and a vote on the motion to concur.
  • Senator McConnell also filed cloture on the following Executive nominations:
    • 1. Executive Calendar #640, Jeffrey Bossert Clark, of Virginia, to be an Assistant Attorney General
    • 2. Executive Calendar #641, Eric S. Dreiband, of Maryland, to be an Assistant Attorney General
    • 3. Executive Calendar #866, James N. Stewart, of North Carolina, to be an Assistant Secretary of Defense.
  • The first cloture vote on the nominations would occur upon disposition of WRDA. If cloture is invoked, there would be up to 30 hours of post-cloture debate prior to a vote on confirmation. Then, there would be a cloture vote on the next nomination, with the same process until all three nominations have been considered.

 

Hearings Covered by W&J Today

 

No hearings scheduled

 

Notable Legislation Introduced

 

Transportation

S.3559 — 115th Congress (2017-2018)
A bill to amend the Internal Revenue Code of 1986 to terminate the credit for new qualified plug-in electric drive motor vehicles and to provide for a Federal Highway user fee on alternative fuel vehicles.
Sponsor: Sen. Barrasso, John [R-WY] (Introduced 10/06/2018) Cosponsors: (0)
Committees: Senate - Finance
Latest Action: Senate - 10/06/2018 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
  • 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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