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 complete Consideration of H.R. 1644 - Save the Internet Act of 2019. The Senate will resume consideration of Executive Calendar #200 David Bernhardt, of Virginia, to be Secretary of the Interior, post-cloture.

THE HOUSE

 

Yesterday

  • Amendments to H.R. 1644:
    • Delgado (D-NY) - Amendment No. 4 - Requires GAO to produce a report, within 1 year, reviewing the benefits to consumers of broadband internet access providers offering broadband internet access service on a standalone basis and what steps Congress can take to increase the availability of standalone broadband internet access service to consumers, particularly those living in rural areas.
      • - ADOPTED 363 - 60, ROLL CALL 163
    • Wexton (D-VA) - Amendment No. 6 - Requires the Federal Communications Commission to submit to Congress within 30 days a plan for how the Commission will evaluate and address problems with the collection on Form 477 of data regarding the deployment of broadband Internet access service. Form 477 is used by the FCC to determine which providers are servicing which areas and it is the government’s main source of data used for identifying underserved areas of opportunity.
      • - ADOPTED 376 - 46, ROLL CALL 164
    • Davids (D-KS) - Amendment No. 7 - Requires that within 1 year of enactment, the GAO shall produce a report examining the FCC’s efforts to assess competition in the wireline and wireless broadband internet access markets, and how the FCC can better assess competition, and what steps, if any the FCC can take to better increase competition in the wireless and wireline broadband internet access markets.
      • - ADOPTED BY VOICE
    • Stanton (D-AZ) - Amendment No. 8 - Directs the Chairman of the Federal Communications Commission to engage tribal stakeholders and providers to ensure accessible and affordable broadband on tribal lands.
      • - ADOPTED BY VOICE
    • Trone (D-MD) - Amendment No. 9 - Finds that annual FCC reports on the state of broadband deployment are important to fostering further deployment and that Congress relies on the accuracy of these reports. Requires that 1) the FCC may not release such a report based on information it knows to be inaccurate and 2) the Commission use its best efforts to ensure all future reports are accurate and to correct past inaccuracies prior to the report’s release.
      • - ADOPTED BY VOICE
    • Brindisi (D-NY) - Amendment No. 10 - Requires the GAO to produce a report about the ways in which the U.S. government can promote the deployment of broadband Internet access service, especially to rural areas and areas currently unserved by high-speed broadband access.
      • - ADOPTED BY VOICE
    • Spanberger (D-VA) - Amendment No. 11 - Requires the GAO to determine the accuracy and granularity of broadband maps produced by the FCC, and to submit to Congress a report that identifies programs and actions restored under 2(b) that rely on these maps and that makes recommendations for how the FCC can produce more accurate maps.
      • - ADOPTED BY VOICE
    • McAdams (D-UT) - Amendment No. 12 - Affirms that ISPs can still block unlawful content, such as child pornography or copyright-infringing materials.
      • - ADOPTED 423 - 0, ROLL CALL 165
    • Republican Motion to Recommit on H.R. 1644
      • - REJECTED 204 - 216, ROLL CALL 166
    • Passage of H.R. 1644 - Save the Internet Act of 2019
      • - PASSED 232 - 190, ROLL CALL 167

 

Today

  • The House will meet at 9:00 a.m. for Legislative Business
  • Five One Minutes per side
  • Complete Consideration of H.R. 1644 - Save the Internet Act of 2019, Rules Committee Print (Sponsored by Rep. Michael Doyle / Energy and Commerce Committee)
  • Republican MTR - This Motion to Recommit would amend the bill to ensure that the internet remains tax free.

 

THE SENATE

 

Yesterday

  • Roll Call Votes
    1. Confirmation of Executive Calendar #105, Cheryl Marie Stanton, to be Administrator of the Wage and Hour Division, Department of Labor; invoked: 53-45.
    2. Confirmation of Executive Calendar #173, John P. Abizaid, of Nevada, to be Ambassador Extraordinary and Plenipotentiary of the United States of America to the Kingdom of Saudi Arabia; confirmed: 92-7.
    3. Motion to invoke cloture on Executive Calendar #31, Holly A. Brady, of Indiana, to be United States District Judge for the Northern District of Indiana; invoked: 53-46.
    4. Confirmation of Executive Calendar #31, Holly A. Brady, of Indiana, to be United States District Judge for the Northern District of Indiana; confirmed: 56-42.
    5. Motion to invoke cloture on Executive Calendar #30, David Steven Morales, of Texas, to be United States District Judge for the Southern District of Texas; invoked: 57-41.
    6. Confirmation of Executive Calendar #30, David Steven Morales, of Texas, to be United States District Judge for the Southern District of Texas; confirmed: 56-41.
    7. Motion to invoked cloture on Executive Calendar #200 David Bernhardt, of Virginia, to be Secretary of the Interior; invoked: 56-41.
  • Legislative Business
    • By voice vote, passed Calendar #18, S.94, Target Practice and Marksmanship Training Support Act
    • By voice vote, adopted Calendar #58, S.Res.35, supporting democratic principles and standards in Bolivia and throughout Latin America, w/committee-reported amendment to the preamble.
    • By voice vote, adopted Calendar #59, S.Res.67, expressing the sense of the Senate on the importance and vitality of the United States alliances with Japan and the Republic of Korea, and our trilateral cooperation in the pursuit of shared interests, w/committee-reported amendment to the preamble.
    • Adopted Calendar #60, S.Res.95, recognizing the 198th anniversary of the independence of Greece and celebrating democracy in Greece and the United States.
    • Adopted S. Res.155, relative to the death of the Honorable Ernest F. Hollings, former United States Senator for the State of South Carolina,
    • Adopted S. Res.156, supporting the goals and ideals of “Take our Daughters and Sons to Work Day”
    • Adopted S. Res.157, supporting the designation of April 2019 as “Parkinson’s Awareness Month”
    • Adopted S. Res.158, authorizing the use of the atrium in the Philip A. Hart Senate Office Building for the National Prescription Drug Take Back Day, a semiannual event of the Drug Enforcement Administration.
    • Agreed to H.Con.Res 16, authorizing the use of the Capitol Grounds for the National Peace Officers Memorial Service and the National Honor Guard and Pipe Band Exhibition.
    • Agreed to H.Con.Res 19, authorizing the use of the Capitol Grounds for the Greater Washington Soap Box Derby.
    • Completed the Rule 14 process to place H.R.1585, to reauthorize the Violence Against Women Act, on the Legislative Calendar of Business.

 

Today

  • The Senate stands adjourned until 10:00am on Thursday, April 11, 2019, and does so under the provisions of S.Res.155, as a further remark of respect for the late Fritz Hollings, former Senator for South Carolina.
  • Following Leader remarks, the Senate will resume consideration of Executive Calendar #200 David Bernhardt, of Virginia, to be Secretary of the Interior, post-cloture.
  • We expect the vote on confirmation of the Bernhardt nomination to occur during Thursday’s session. Senators will be notified when the vote is expected.

 

Hearings Covered by W&J Today

 

Senate Energy and Natural Resources
Opportunities for Energy Innovation and Other Potential Solutions to Help Address Global Climate Change

Senate Appropriations
FY2020 NIH Budget Request

 

Notable Legislation Introduced

 

Cybersecurity

H.R.2231 — 116th Congress (2019-2020)
To direct the Federal Trade Commission to require entities that use, store, or share personal information to conduct automated decision system impact assessments and data protection impact assessments.
Sponsor: Rep. Clarke, Yvette D. [D-NY-9] (Introduced 04/10/2019) Cosponsors: (0)
Committees: House - Energy and Commerce
Latest Action: House - 04/10/2019 Referred to the House Committee on Energy and Commerce.

S.1116 — 116th Congress (2019-2020)
A bill to require providers of broadband internet access service and edge services to clearly and conspicuously notify users of the privacy policies of those providers, to give users opt-in or opt-out approval rights with respect to the use of, disclosure of, and access to user information collected by those providers based on the level of sensitivity of the information, and for other purposes.
Sponsor: Sen. Blackburn, Marsha [R-TN] (Introduced 04/10/2019) Cosponsors: (0)
Committees: Senate - Commerce, Science, and Transportation
Latest Action: Senate - 04/10/2019 Read twice and referred to the Committee on Commerce, Science, and Transportation.

 

Energy

H.R.2248 — 116th Congress (2019-2020)
To terminate the prohibitions on the exportation and importation of natural gas, and for other purposes.
Sponsor: Rep. Higgins, Clay [R-LA-3] (Introduced 04/10/2019) Cosponsors: (0)
Committees: House - Energy and Commerce, Foreign Affairs
Latest Action: House - 04/10/2019 Referred to the Committee on Energy and Commerce, and in addition to the Committee on Foreign Affairs, 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...

H.R.2198 — 116th Congress (2019-2020)
To amend the Natural Gas Act with respect to application of the right to exercise eminent domain in construction of pipelines for the exportation of natural gas, and for other purposes.
Sponsor: Rep. DeFazio, Peter A. [D-OR-4] (Introduced 04/10/2019) Cosponsors: (0)
Committees: House - Energy and Commerce
Latest Action: House - 04/10/2019 Referred to the House Committee on Energy and Commerce.

S.1134 — 116th Congress (2019-2020)
A bill to amend the Internal Revenue Code of 1986 to provide for an investment tax credit related to the production of electricity from nuclear energy.
Sponsor: Sen. Cramer, Kevin [R-ND] (Introduced 04/10/2019) Cosponsors: (1)
Committees: Senate - Finance
Latest Action: Senate - 04/10/2019 Read twice and referred to the Committee on Finance.

S.1102 — 116th Congress (2019-2020)
A bill to promote security and energy partnerships in the Eastern Mediterranean, and for other purposes.
Sponsor: Sen. Menendez, Robert [D-NJ] (Introduced 04/10/2019) Cosponsors: (1)
Committees: Senate - Foreign Relations
Latest Action: Senate - 04/10/2019 Read twice and referred to the Committee on Foreign Relations

 

Health

H.R.2283 — 116th Congress (2019-2020)
To provide better care and outcomes for Americans living with Alzheimer's disease and related dementias and their caregivers while accelerating progress toward prevention strategies, disease modifying treatments, and, ultimately, a cure.
Sponsor: Rep. Sanchez, Linda T. [D-CA-38] (Introduced 04/10/2019) Cosponsors: (3)
Committees: House - Energy and Commerce, Ways and Means
Latest Action: House - 04/10/2019 Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, 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...

H.R.2282 — 116th Congress (2019-2020)
To amend title XVIII of the Social Security Act to modernize the physician self-referral prohibitions to promote care coordination in the merit-based incentive payment system and to facilitate physician practice participation in alternative payment models under the Medicare program, and for other purposes.
Sponsor: Rep. Ruiz, Raul [D-CA-36] (Introduced 04/10/2019) Cosponsors: (3)
Committees: House - Energy and Commerce, Ways and Means
Latest Action: House - 04/10/2019 Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, 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...

H.R.2281 — 116th Congress (2019-2020)
To direct the Attorney General to amend certain regulations so that practitioners may administer not more than 3 days' medication to a person at one time when administering narcotic drugs for the purpose of relieving acute withdrawal symptoms.
Sponsor: Rep. Ruiz, Raul [D-CA-36] (Introduced 04/10/2019) Cosponsors: (0)
Committees: House - Energy and Commerce, Judiciary
Latest Action: House - 04/10/2019 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...

H.R.2279 — 116th Congress (2019-2020)
To amend the Employee Retirement Income Security Act of 1974 to require a group health plan (or health insurance coverage offered in connection with such a plan) to provide an exceptions process for any medication step therapy protocol, and for other purposes.
Sponsor: Rep. Ruiz, Raul [D-CA-36] (Introduced 04/10/2019) Cosponsors: (1)
Committees: House - Education and Labor
Latest Action: House - 04/10/2019 Referred to the House Committee on Education and Labor.

H.R.2268 — 116th Congress (2019-2020)
To amend the Federal Food, Drug, and Cosmetic Act to treat certain menstrual products as misbranded if their labeling does not list each ingredient or component of the product, and for other purposes.
Sponsor: Rep. Meng, Grace [D-NY-6] (Introduced 04/10/2019) Cosponsors: (0)
Committees: House - Energy and Commerce
Latest Action: House - 04/10/2019 Referred to the House Committee on Energy and Commerce.

H.R.2262 — 116th Congress (2019-2020)
To prioritize educating and training for existing and new environmental health professionals.
Sponsor: Rep. Lawrence, Brenda L. [D-MI-14] (Introduced 04/10/2019) Cosponsors: (4)
Committees: House - Energy and Commerce, Education and Labor
Latest Action: House - 04/10/2019 Referred to the Committee on Energy and Commerce, and in addition to the Committee on Education and Labor, 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..

H.R.2243 — 116th Congress (2019-2020)
To exempt health insurance of residents of United States territories from the annual fee on health insurance providers.
Sponsor: Rep. Gonzalez-Colon, Jenniffer [R-PR-At Large] (Introduced 04/10/2019) Cosponsors: (3)
Committees: House - Ways and Means, Energy and Commerce
Latest Action: House - 04/10/2019 Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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...

H.R.2235 — 116th Congress (2019-2020)
To amend title XIX of the Social Security Act to cover physician services delivered by podiatric physicians to ensure access by Medicaid beneficiaries to appropriate quality foot and ankle care, to amend title XVIII of such Act to modify the requirements for diabetic shoes to be included under Medicare, and for other purposes.
Sponsor: Rep. DeGette, Diana [D-CO-1] (Introduced 04/10/2019) Cosponsors: (11)
Committees: House - Energy and Commerce, Ways and Means
Latest Action: House - 04/10/2019 Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, 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...

H.R.2216 — 116th Congress (2019-2020)
To direct the Secretary of Health and Human Services to establish a grant program for States that provide flexibility in licensing for health care providers who offer services on a volunteer basis.
Sponsor: Rep. Burchett, Tim [R-TN-2] (Introduced 04/10/2019) Cosponsors: (2)
Committees: House - Energy and Commerce
Latest Action: House - 04/10/2019 Referred to the House Committee on Energy and Commerce.

S.1137 — 116th Congress (2019-2020)
A bill to prioritize education and training for current and future members of the environmental health workforce.
Sponsor: Sen. Stabenow, Debbie [D-MI] (Introduced 04/10/2019) Cosponsors: (0)
Committees: Senate - Health, Education, Labor, and Pensions
Latest Action: Senate - 04/10/2019 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

S.1129 — 116th Congress (2019-2020)
A bill to establish a Medicare-for-all national health insurance program.
Sponsor: Sen. Sanders, Bernard [I-VT] (Introduced 04/10/2019) Cosponsors: (14)
Committees: Senate - Finance
Latest Action: Senate - 04/10/2019 Read twice and referred to the Committee on Finance.

S.1126 — 116th Congress (2019-2020)
A bill to provide better care for Americans living with Alzheimer's disease and related dementias and their caregivers, while accelerating progress toward prevention strategies, disease modifying treatments, and, ultimately, a cure.
Sponsor: Sen. Capito, Shelley Moore [R-WV] (Introduced 04/10/2019) Cosponsors: (3)
Committees: Senate - Finance
Latest Action: Senate - 04/10/2019 Read twice and referred to the Committee on Finance.

S.1125 — 116th Congress (2019-2020)
A bill to amend the Health Insurance Portability and Accountability Act.
Sponsor: Sen. Tillis, Thom [R-NC] (Introduced 04/10/2019) Cosponsors: (18)
Committees: Senate - Health, Education, Labor, and Pensions
Latest Action: Senate - 04/10/2019 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

S.1114 — 116th Congress (2019-2020)
A bill to amend title XVIII of the Social Security Act to eliminate a provision under the Medicare Advantage program that inadvertently penalizes Medicare Advantage plans for providing high quality care to Medicare beneficiaries.
Sponsor: Sen. Daines, Steve [R-MT] (Introduced 04/10/2019) Cosponsors: (1)
Committees: Senate - Finance
Latest Action: Senate - 04/10/2019 Read twice and referred to the Committee on Finance.

 

Financial Services

H.R.2290 — 116th Congress (2019-2020)
To require the Federal financial regulators to issue guidance encouraging financial institutions to work with consumers and businesses affected by a Federal Government shutdown, and for other purposes.
Sponsor: Rep. Wexton, Jennifer [D-VA-10] (Introduced 04/10/2019) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: House - 04/10/2019 Referred to the House Committee on Financial Services.

H.R.2228 — 116th Congress (2019-2020)
To offer persistent poverty counties and political subdivisions of such counties the opportunity to have their rural development loans restructured.
Sponsor: Rep. Butterfield, G. K. [D-NC-1] (Introduced 04/10/2019) Cosponsors: (0)
Committees: House - Agriculture, Financial Services, Energy and Commerce
Latest Action: House - 04/10/2019 Referred to the Committee on Agriculture, and in addition to the Committees on Financial Services, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction...

 

Puerto Rico

H.R.2241 — 116th Congress (2019-2020)
To amend title XIX of the Social Security Act to treat Puerto Rico as one of the 50 States for purposes of calculating the Federal medical assistance percentage under the Medicaid program.
Sponsor: Rep. Gonzalez-Colon, Jenniffer [R-PR-At Large] (Introduced 04/10/2019) Cosponsors: (0)
Committees: House - Energy and Commerce
Latest Action: House - 04/10/2019 Referred to the House Committee on Energy and Commerce.

 

Tax

H.R.2284 — 116th Congress (2019-2020)
To provide disaster tax relief for certain disasters occurring in 2019.
Sponsor: Rep. Smith, Adrian [R-NE-3] (Introduced 04/10/2019) Cosponsors: (6)
Committees: House - Ways and Means
Latest Action: House - 04/10/2019 Referred to the House Committee on Ways and Means.

H.R.2273 — 116th Congress (2019-2020)
To amend the Internal Revenue Code of 1986 to provide an increasingly larger earned income credit for families with more than 3 children.
Sponsor: Rep. Nadler, Jerrold [D-NY-10] (Introduced 04/10/2019) Cosponsors: (0)
Committees: House - Ways and Means
Latest Action: House - 04/10/2019 Referred to the House Committee on Ways and Means.

H.R.2272 — 116th Congress (2019-2020)
To amend the Internal Revenue Code of 1986 to provide for adjustments in the individual income tax rates to reflect regional differences in the cost-of-living.
Sponsor: Rep. Nadler, Jerrold [D-NY-10] (Introduced 04/10/2019) Cosponsors: (2)
Committees: House - Ways and Means
Latest Action: House - 04/10/2019 Referred to the House Committee on Ways and Means.

H.R.2258 — 116th Congress (2019-2020)
To amend the Internal Revenue Code of 1986 and the Small Business Act to expand the availability of employee stock ownership plans in S corporations, and for other purposes.
Sponsor: Rep. Kind, Ron [D-WI-3] (Introduced 04/10/2019) Cosponsors: (5)
Committees: House - Ways and Means, Education and Labor, Small Business
Latest Action: House - 04/10/2019 Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction...

H.R.2256 — 116th Congress (2019-2020)
To amend the Internal Revenue Code of 1986 to modify limitations on the credit for plug-in electric drive motor vehicles, and for other purposes.
Sponsor: Rep. Kildee, Daniel T. [D-MI-5] (Introduced 04/10/2019) Cosponsors: (9)
Committees: House - Ways and Means
Latest Action: House - 04/10/2019 Referred to the House Committee on Ways and Means.

H.R.2239 — 116th Congress (2019-2020)
To amend the Tariff Act of 1930 to provide for a deferral of the payment of a duty upon the sale of certain used vessels, and for other purposes.
Sponsor: Rep. Frankel, Lois [D-FL-21] (Introduced 04/10/2019) Cosponsors: (1)
Committees: House - Ways and Means
Latest Action: House - 04/10/2019 Referred to the House Committee on Ways and Means.

S.1133 — 116th Congress (2019-2020)
A bill to provide disaster tax relief for certain disasters occurring in 2019.
Sponsor: Sen. Fischer, Deb [R-NE] (Introduced 04/10/2019) Cosponsors: (3)
Committees: Senate - Finance
Latest Action: Senate - 04/10/2019 Read twice and referred to the Committee on Finance.

S.1106 — 116th Congress (2019-2020)
A bill to amend the Internal Revenue Code of 1986 to allow for a credit against tax for rent paid on the personal residence of the taxpayer.
Sponsor: Sen. Harris, Kamala D. [D-CA] (Introduced 04/10/2019) Cosponsors: (2)
Committees: Senate - Finance
Latest Action: Senate - 04/10/2019 Read twice and referred to the Committee on Finance.

 

Transportation

H.R.2220 — 116th Congress (2019-2020)
To amend the Intermodal Surface Transportation Efficiency Act of 1991 with respect to high priority corridors on the National Highway System, and for other purposes.
Sponsor: Rep. Babin, Brian [R-TX-36] (Introduced 04/10/2019) Cosponsors: (10)
Committees: House - Transportation and Infrastructure
Latest Action: House - 04/10/2019 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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