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 be in a period of morning business with senators permitted to speak therein for up to 10 minutes each

 

THE HOUSE

 

Yesterday

  •  Expressing the profound regret and sorrow of the House of Representatives on the death of George Herbert Walker Bush, forty-first President of the United States of America:
    • The House agreed to H. Res. 1167, expressing the profound regret and sorrow of the House of Representatives on the death of George Herbert Walker Bush, forty-first President of the United States of America.
  • Authorizing the use of the rotunda of the Capitol for the lying in state of the remains of the late George Herbert Walker Bush, 41st President of the United States:
    • The House agreed to take from the Speaker's table and agree to S. Con. Res. 55, authorizing the use of the rotunda of the Capitol for the lying in state of the remains of the late George Herbert Walker Bush, 41st President of the United States.
  • Providing for the use of the catafalque situated in the Exhibition Hall of the Capitol Visitor Center in connection with memorial services to be conducted in the rotunda of the Capitol for the late George Herbert Walker Bush, 41st President of the United States:
    • The House agreed to take from the Speaker's table and agree to S. Con. Res. 56, providing for the use of the catafalque situated in the Exhibition Hall of the Capitol Visitor Center in connection with memorial services to be conducted in the rotunda of the Capitol for the late George Herbert Walker Bush, 41st President of the United States.

 

Today

  • The House is not in session.

 

THE SENATE

 

Yesterday

  • Measures Passed:
    • Authorizing the Use of the Capitol Rotunda: Senate agreed to S. Con. Res. 55, authorizing the use of the rotunda of the Capitol for the lying in state of the remains of the late George Herbert Walker Bush, 41st President of the United States.
  • Providing for the Use of the Catafalque:
    • Senate agreed to S. Con. Res. 56, providing for the use of the catafalque situated in the Exhibition Hall of the Capitol Visitor Center in connection with memorial services to be conducted in the rotunda of the Capitol for the late George Herbert Walker Bush, 41st President of the United States.
  • Congressional Review Period--Agreement:
    • A unanimous-consent agreement was reached providing that the congressional review period for S.J. Res. 64, providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to ``Returns by Exempt Organizations and Returns by Certain Non-Exempt Organizations'', be extended until December 14, 2018.
  • Message from the President: Senate received the following message from the President of the United States:
    • A message from the President of the United States officially notifying the Congress of the United States of the death of former President George Herbert Walker Bush; which was ordered to lie on the table. (PM–49)
  • McNamee Nomination--Agreement:
    • A unanimous-consent agreement was reached providing that notwithstanding Rule XXII, the vote on the motion to invoke cloture on the nomination of Bernard L. McNamee, of Virginia, to be a Member of the Federal Energy Regulatory Commission, occur at 4 p.m., on Wednesday, December 5, 2018.

 

Today

  • The Senate stands adjourned until 2:30pm on Tuesday, December 4, 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.
  • The cloture vote on Executive Calendar #1153, Bernard L. McNamee, of Virginia, to be a Member of the Federal Energy Regulatory Commission, has been moved to 4:00pm on Wednesday, December 5th. There will be no roll call votes on Tuesday. The first vote of the week will be at 4:00pm on Wednesday.
  • Wednesday, December 5th at 4:00pm – 1 roll call vote
    • 1. Motion to invoke cloture on Executive Calendar #1153, Bernard L. McNamee, of Virginia, to be a Member of the Federal Energy Regulatory Commission.

 

Hearings Covered by W&J Today

 

AEI
“Health care that matters: Real choices for real competition” (with Secretary Azar)

CFTC
Market Risk Advisory Committee

 

Notable Legislation Introduced

 

Cybersecurity

H.R.7214 — 115th Congress (2017-2018)
To direct the Secretary of Education to establish a pilot program to award competitive grants for the integration of cybersecurity education, and for other purposes.
Sponsor: Rep. Langevin, James R. [D-RI-2] (Introduced 12/03/2018) Cosponsors: (1)
Committees: House - Education and the Workforce
Latest Action: House - 12/03/2018 Referred to the House Committee on Education and the Workforce.

 

Health

H.R.7212 — 115th Congress (2017-2018)
To amend the Public Health Service Act to provide for additional programs funded by grants to strengthen the healthcare system's response to domestic violence, dating violence, sexual assault, and stalking, and for other purposes.
Sponsor: Rep. Dingell, Debbie [D-MI-12] (Introduced 12/03/2018) Cosponsors: (9)
Committees: House - Energy and Commerce
Latest Action: House - 12/03/2018 Referred to the House Committee on Energy and Commerce.

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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