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 Bernard L. McNamee, to be a Member of the Federal Energy Regulatory Commission. Upon disposition of the McNamee nomination, the Senate will resume consideration of Kathleen Laura Kraninger (CFPB).

 

THE HOUSE

 

Yesterday

  •  The House was not in session

 

Today

  • The House is not in session.

 

THE SENATE

 

Yesterday

  • Roll Call Votes
    • 1. Motion to invoke cloture on Executive Calendar #1153, Bernard L. McNamee, of Virginia, to be a Member of the Federal Energy Regulatory Commission; invoked: 50-49.
  • Legislative Business
    • Adopted S.Res.715: honoring the life of President George Herbert Walker Bush.

 

Today

  • The Senate stands adjourned under the provisions of S.Res.715 until 9:30am on Thursday, December 6, 2018.
  • Following leader remarks, the Senate will resume consideration of Executive Calendar #1153, Bernard L. McNamee, of Virginia, to be a Member of the Federal Energy Regulatory Commission, post-cloture.
  • At 12:00 Noon, all post cloture time will expire and the Senate will vote on confirmation of the McNamee nomination. Further, upon disposition, the Senate will resume consideration of Executive Calendar #1064, Kathleen Laura Kraninger (CFPB).
  • At 1:45pm, the Senate will vote on confirmation of the Kraninger nomination.
  • It’s also possible that the Senate considers the nomination of Jonathan A Kobes (SD 8th Circuit Judge) upon disposition of the McNamee nomination.
  • Thursday, December 6th at 12:00 Noon – 1 roll call vote expected
    • 1. Confirmation of Executive Calendar #1153, Bernard L. McNamee, of Virginia, to be a Member of the Federal Energy Regulatory Commission.
    • (Possible vote on confirmation the Kobes nomination)
  • Thursday, December 6th at 1:45pm – 1 roll call vote
    • 1. Confirmation of Executive Calendar #1064, Kathleen Laura Kraninger, of Ohio, to be Director, CFPB

 

Hearings Covered by W&J Today

 

SEC
The Road Ahead: Municipal Securities Disclosure in an Evolving Market

Senate Banking
Proxy Process and Rules

 

Notable Legislation Introduced

 

Health

S.3711 — 115th Congress (2017-2018)
A bill to establish an annual fee applicable to opioid manufacturers.
Sponsor: Sen. Merkley, Jeff [D-OR] (Introduced 12/05/2018) Cosponsors: (0)
Committees: Senate - Health, Education, Labor, and Pensions
Latest Action: Senate - 12/05/2018 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 

Tax

S.3712 — 115th Congress (2017-2018)
A bill to amend the Internal Revenue Code of 1986 to establish a refundable tax credit to increase the take-home pay of American workers and enhance their financial stability, and for other purposes.
Sponsor: Sen. Harris, Kamala D. [D-CA] (Introduced 12/05/2018) Cosponsors: (0)
Committees: Senate - Finance
Latest Action: Senate - 12/05/2018 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
  • 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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