PublicationsInsights on Current Policy Issues

  • December 17, 2018

    By David E. Franasiak, Joel G. Oswald, Leah H. Kim, and Rebecca L. Konst

    This memorandum provides an update of federal action on cryptocurrencies, including enforcement and guidance. It also provides a summary of Congressional activity relating to cryptocurrencies and blockchain technology.

     

    Read...

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  • 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...

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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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The House will consider seven bills under suspension of the rules. The Senate will resume consideration of Executive Calendar #19, Paul B. Matey, of New Jersey, to be United States Circuit Judge for the Third Circuit, post-cloture.

THE HOUSE

 

Yesterday

  • SUMMARY OF LEGISLATIVE BUSINESS
    • 1) H.R. 1122 - Housing Choice Voucher Mobility Demonstration Act of 2019
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED 387 - 22, ROLL CALL 119
    • 2) H.R. 974 - Federal Reserve Supervision Testimony Clarification Act
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED BY VOICE
    • 3) H.R. 1414 - FinCEN Improvement Act of 2019
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED BY VOICE
    • 4) H.R. 758 - Cooperate with Law Enforcement Agencies and Watch Act of 2019
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED 404 - 7, ROLL CALL 120

 

Today

  • On Tuesday, the House will meet at 10:00 a.m. for morning hour and 12:00 p.m. for legislative business. First and last votes expected: 2:00 p.m. - 3:00 p.m.
  • One Minute Speeches
  • Legislation Considered Under Suspension of the Rules:
    1. H.Res. 156 - Calling for accountability and justice for the assassination of Boris Nemtsov, as amended (Sponsored by Rep. Eliot Engel / Foreign Affairs Committee)
    2. H.R. 596 - Crimea Annexation Non-recognition Act, as amended (Sponsored by Rep. Gerald Connolly / Foreign Affairs Committee)
    3. H.R. 1404 - Vladimir Putin Transparency Act, as amended (Sponsored by Rep. Val Demings/ Intelligence Committee)
    4. H.R. 1617 - KREMLIN Act (Sponsored by Rep. Raja Krishnamoorthi / Intelligence Committee)
    5. H.R. 1582 - Electronic Message Preservation Act (Sponsored by Rep. Elijah Cummings / Oversight and Reform Committee)
    6. H.R. 1608 - Federal Advisory Committee Act Amendments of 2019 (Sponsored by Rep. William Lacy Clay / Oversight and Reform Committee)
    7. H.R. 1654 - Federal Register Modernization Act, as amended (Sponsored by Rep. Mark Meadows/ Oversight and Reform Committee)

 

THE SENATE

 

Yesterday

  • Roll Call Votes
    • 1) Motion to invoke cloture on Executive Calendar #19, Paul B. Matey, of New Jersey, to be United States Circuit Judge for the Third Circuit; invoked: 50-44 .
  • Legislative Business
    • Adopted S.Res.103, designating March 27, 2019, as “National Assistive Technology Awareness Day”.
    • Completed the Rule 14 process to place S.729, to prohibit the use of funds to Federal agencies to establish a panel, task force, advisory committee, or other effort to challenge the scientific consensus on climate change, on the Legislative Calendar of Business.

 

Today

  • The Senate stands adjourned until 10:00am on Tuesday, March 12, 2019.
  • Following Leader remarks, the Senate will resume consideration of Executive Calendar #19, Paul B. Matey, of New Jersey, to be United States Circuit Judge for the Third Circuit, post-cloture.
  • The Senate will recess from 12:30pm until 2:15pm to allow for the weekly caucus meetings.
  • At 2:30pm, all post-cloture time will be considered expired, and the Senate will vote on confirmation of the Matey nomination. Upon disposition of the Matey nomination, the Senate will vote on the motion to invoke cloture on Executive Calendar #107, Neomi J. Rao, of the District of Columbia, to be United States Circuit Judge for the District of Columbia Circuit.
  • At 2:30pm Tuesday, March 12th – 2 roll call votes:
    • 1) Confirmation of Executive Calendar #19, Paul B. Matey, of New Jersey, to be United States Circuit Judge for the Third Circuit
    • 2) Motion to invoke cloture on Executive Calendar #107, Neomi J. Rao, of the District of Columbia, to be United States Circuit Judge for the District of Columbia Circuit
  • As a reminder, in addition to the Matey nomination, last week, Senator McConnell filed cloture on the following nominations:
    • 1) Executive Calendar #107, Neomi J. Rao, of the District of Columbia, to  be United States Circuit Judge for the District of Columbia Circuit; and
    • 2) Executive Calendar #98, William Beach, of Kansas, to be Commissioner of Labor Statistics, Department of Labor.
  • If cloture is invoked on any of the nominations, there would be up to 30 hours of debate prior to a vote on confirmation of the nomination, before proceeding to a cloture vote on the next nomination.

 

Hearings Covered by W&J Today

 

Senate Banking
CFPB Semi-Annual Report

House Appropriations
Passenger Rail Development

House Appropriations
Treasury's Role in Combating Financial Crimes

House Ways and Means
Protecting/Improving Social Security

House Transportation and Infrastructure
Looking Forward: Aviation 2050

House Natural Resources
Bureau of Land Management, the United States Forest Service, and the Power Marketing Administrations

Senate Health, Education, Labor and Pensions
Simplifying the FAFSA and Reducing the Burden of Verification

Senate Finance
World Trade Organization Outlook

House Energy and Commerce
Restoring Net Neutrality Protections

House Energy and Commerce
HHS Budget

House Ways and Means
Temporary Policy in the Internal Revenue Code

House Appropriations
USDA Office of the Inspector General

Senate Armed Services
Artificial Intelligence Initiatives within the Department of Defense

 

Notable Legislation Introduced

 

Cybersecurity

H.R.1668 — 116th Congress (2019-2020)
To leverage Federal Government procurement power to encourage increased cybersecurity for Internet of Things devices, and for other purposes.
Sponsor: Rep. Kelly, Robin L. [D-IL-2] (Introduced 03/11/2019) Cosponsors: (13)
Committees: House - Oversight and Reform, Science, Space, and Technology
Latest Action: House - 03/11/2019 Referred to the Committee on Oversight and Reform, and in addition to the Committee on Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of...

S.734 — 116th Congress (2019-2020)
A bill to leverage Federal Government procurement power to encourage increased cybersecurity for Internet of Things devices, and for other purposes.
Sponsor: Sen. Warner, Mark R. [D-VA] (Introduced 03/11/2019) Cosponsors: (3)
Committees: Senate - Homeland Security and Governmental Affairs
Latest Action: Senate - 03/11/2019 Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

 

Energy

H.R.1675 — 116th Congress (2019-2020)
To require a study on the public health and environmental impacts of the production, transportation, storage, and use of petroleum coke, and for other purposes.
Sponsor: Rep. Tlaib, Rashida [D-MI-13] (Introduced 03/11/2019) Cosponsors: (1)
Committees: House - Energy and Commerce
Latest Action: House - 03/11/2019 Referred to the House Committee on Energy and Commerce.

 

Financial Services

H.R.1666 — 116th Congress (2019-2020)
To amend the National Flood Insurance Act of 1968 to allow for the consideration of private flood insurance for the purposes of applying continuous coverage requirements, and for other purposes.
Sponsor: Rep. Castor, Kathy [D-FL-14] (Introduced 03/11/2019) Cosponsors: (1)
Committees: House - Financial Services
Latest Action: House - 03/11/2019 Referred to the House Committee on Financial Services.

 

Tax

S.735 — 116th Congress (2019-2020)
A bill to amend the Internal Revenue Code of 1986 to require that return information from tax-exempt organizations be made available in a searchable format and to provide the disclosure of the identity of contributors to certain tax-exempt organizations.
Sponsor: Sen. Tester, Jon [D-MT] (Introduced 03/11/2019) Cosponsors: (4)
Committees: Senate - Finance
Latest Action: Senate - 03/11/2019 Read twice and referred to the Committee on Finance.

 

Transportation

H.R.1673 — 116th Congress (2019-2020)
To amend the Motor Carrier Safety Improvement Act of 1999 with respect to the definition of agricultural commodities, and for other purposes.
Sponsor: Rep. Scott, Austin [R-GA-8] (Introduced 03/11/2019) Cosponsors: (3)
Committees: House - Transportation and Infrastructure
Latest Action: House - 03/11/2019 Referred to the House Committee on Transportation and Infrastructure.

H.R.1667 — 116th Congress (2019-2020)
To require a report on the contingency plan of the Department of Transportation in the event of the failure of a rail track in the North River Tunnel, and for other purposes.
Sponsor: Rep. Gottheimer, Josh [D-NJ-5] (Introduced 03/11/2019) Cosponsors: (1)
Committees: House - Transportation and Infrastructure
Latest Action: House - 03/11/2019 Referred to the House Committee on Transportation and Infrastructure.

PublicationsInsights on Current Policy Issues

  • December 17, 2018

    By David E. Franasiak, Joel G. Oswald, Leah H. Kim, and Rebecca L. Konst

    This memorandum provides an update of federal action on cryptocurrencies, including enforcement and guidance. It also provides a summary of Congressional activity relating to cryptocurrencies and blockchain technology.

     

    Read...

    Read More
  • 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

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