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...

    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...

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 The House will consider five bills under suspension of the Rules. The Senate will resume consideration of Executive Calendar #116, Joseph F. Bianco, of New York, to be United States Circuit Judge for the Second Circuit, post-cloture.

THE HOUSE

 

Yesterday

  • SUMMARY OF LEGISLATIVE BUSINESS
    • H.R. 2002 - Taiwan Assurance Act of 2019
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED BY VOICE
    • H.Res. 273 - Reaffirming the United States commitment to Taiwan and to the implementation of the Taiwan Relations Act
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED 414-0, ROLL CALL 185
    • H.R. 1704 - Championing American Business Through Diplomacy Act of 2019
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED 400-16, ROLL CALL 186

 

Today

  • One Minutes (15 per side)
  • Suspensions (5 bills)
    • H.R. 1520 – Purple Book Continuity Act (Rep. Eshoo – Energy and Commerce)
    • H.R. 1503 – Orange Book Transparency Act of 2019 (Rep. Kelly (IL) – Energy and Commerce)
    • H.R. 1328 – ACCESS BROADBAND Act, as amended (Rep. Tonko – Energy and Commerce)
    • H.R. 312 – Mashpee Wampanoag Tribe Reservation Reaffirmation Act (Rep. Keating – Natural Resources)
    • H.R. 375 – To amend the Act of June 18, 1934, to reaffirm the authority of the Secretary of the Interior to take land into trust for Indian Tribes, and for other purposes (Rep. Cole – Natural Resources)

 

THE SENATE

 

Yesterday

  • Roll Call Votes
    1. Cloture on Executive Calendar #95, Kimberly A. Reed, of West Virginia, to be President of the Export-Import Bank of the United States; invoked: 82-17.
    2. Cloture on Executive Calendar #89, Spencer Bachus III, of Alabama, to be a Member of the Board of Directors of the Export-Import Bank of the United States; invoked: 74-24.
    3. Cloture on Executive Calendar #94, Judith DelZoppo Pryor, of Ohio, to be a Member of the Board of Directors of the Export-Import Bank of the United States; invoked: 79-19.
  • Legislative Business
    • Adopted Calendar #61 , S.Res.96: commending the Government of Canada for upholding the rule of law and expressing concern over actions by the Government of the People’s Republic of China in response to a request from the United States Government to the Government of Canada for the extradition of a Huawei Technologies Co., Ltd. Executive.
    • Adopted S.Res.192: Legal Counsel.
    • Adopted S.Res.193: designating May 18, 2019, as “Kids to Parks Day”.
  • Completed the Rule 14 process to place the following on the Legislative Calendar of Business:
    1. S.1332: to set forth the congressional budget for the US Government for FY’20 and setting forth the appropriate budgetary levels for FY’21 through FY’29 (Paul)
    2. H.R.9: Climate Action Now Act

 

Today

  • The Senate stands adjourned until 9:30am on Wednesday, May 8, 2019.
  • Following Leader remarks, the Senate will resume consideration of Executive Calendar #116, Joseph F. Bianco, of New York, to be United States Circuit Judge for the Second Circuit, post-cloture. At 10:00am, the Senate will vote on confirmation of the Bianco (2nd Circuit) and Reed/Bachus/Pryor (Ex-Im) nominations, and on the motion to invoke cloture on the Dhillon (EEOC) nomination [5 roll call votes].
  • If cloture is invoked on the Dhillon nomination, there will be up to 2 hours of post-cloture debate time before a vote on confirmation of the nomination. Cloture has also been filed on the Park nomination (2nd Circuit). If cloture is invoked on the Park nomination, there will be up to 30 hours of post-cloture debate time before a confirmation vote.
  • Wednesday at 10:00am — 5 roll call votes (final four expected to be 10 minute votes)
    1. Confirmation of Executive Calendar #116, Joseph F. Bianco, of New York, to be United States Circuit Judge for the Second Circuit.
    2. Confirmation of Executive Calendar #95, Kimberly A. Reed, of West Virginia, to be President of the Export-Import Bank of the United States.
    3. Confirmation of Executive Calendar #89, Spencer Bachus III, of Alabama, to be a Member of the Board of Directors of the Export-Import Bank of the United States.
    4. Confirmation of Executive Calendar #94, Judith DelZoppo Pryor, of Ohio, to be a Member of the Board of Directors of the Export-Import Bank of the United States.
    5. Motion to invoke cloture on Executive Calendar #100, Janet Dhillon, of Pennsylvania, to be a Member of the Equal Employment Opportunity Commission (up to 2 hours post cloture debate time)
  • TBD Wednesday afternoon — 2 roll call votes
    1. Confirmation of Executive Calendar #100, Janet Dhillon, of Pennsylvania, to be a Member of the Equal Employment Opportunity Commission
    2. Motion to invoke cloture on Executive Calendar #117, Michael H. Park, of New York, to be United States Circuit Judge for the Second Circuit (up to 30 hours post cloture debate time)

 

Hearings Covered by W&J Today

 

Senate Appropriations
SEC/CFTC Budget

House Financial Services
A Review of the State of and Barriers to Minority Homeownership

Senate Foreign Relations
Review of the FY 2020 USAID Budget Request

Senate Commerce
New Entrants in the National Airspace

House Administration
Election Security

House Appropriations
FY2020 Labor-HHS Appropriations Markup

House Energy and Commerce
Oversight of the Federal Trade Commission

House Financial Services
Markup

House Oversight and Reform
Veteran and Active-Duty Military Suicides

Senate Aging
The Older Americans Act

 

Notable Legislation Introduced

 

Cybersecurity

S.1336 — 116th Congress (2019-2020)
A bill to create an Office of Cybersecurity at the Federal Trade Commission for supervision of data security at consumer reporting agencies, to require the promulgation of regulations establishing standards for effective cybersecurity at consumer reporting agencies, to impose penalties on credit reporting agencies for cybersecurity breaches that put sensitive consumer data at risk, and for other purposes.
Sponsor: Sen. Warren, Elizabeth [D-MA] (Introduced 05/07/2019) Cosponsors: (1)
Committees: Senate - Banking, Housing, and Urban Affairs
Latest Action: Senate - 05/07/2019 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 

Energy

H.R.2566 — 116th Congress (2019-2020)
To require the Administrator of the Environmental Protection Agency to revise the Safer Choice Standard to provide for a Safer Choice label for pots, pans, and cooking utensils that do not contain PFAS, and for other purposes.
Sponsor: Rep. Soto, Darren [D-FL-9] (Introduced 05/07/2019) Cosponsors: (0)
Committees: House - Energy and Commerce
Latest Action: House - 05/07/2019 Referred to the House Committee on Energy and Commerce.

H.R.2540 — 116th Congress (2019-2020)
To alleviate the ethanol blend wall under the renewable fuel program, and for other purposes.
Sponsor: Rep. Flores, Bill [R-TX-17] (Introduced 05/07/2019) Cosponsors: (3)
Committees: House - Energy and Commerce
Latest Action: House - 05/07/2019 Referred to the House Committee on Energy and Commerce.

H.R.2533 — 116th Congress (2019-2020)
To assist community water systems affected by PFAS contamination, and for other purposes.
Sponsor: Rep. Pallone, Frank, Jr. [D-NJ-6] (Introduced 05/07/2019) Cosponsors: (0)
Committees: House - Energy and Commerce
Latest Action: House - 05/07/2019 Referred to the House Committee on Energy and Commerce.

 

Financial Services

H.R.2559 — 116th Congress (2019-2020)
To provide for the first true audit of gold owned by the United States in more than 65 years, and subsequent audits every 5 years.
Sponsor: Rep. Mooney, Alexander X. [R-WV-2] (Introduced 05/07/2019) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: House - 05/07/2019 Referred to the House Committee on Financial Services.

H.R.2558 — 116th Congress (2019-2020)
To define the dollar as a fixed weight of gold.
Sponsor: Rep. Mooney, Alexander X. [R-WV-2] (Introduced 05/07/2019) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: House - 05/07/2019 Referred to the House Committee on Financial Services.

H.R.2545 — 116th Congress (2019-2020)
To create an Office of Cybersecurity at the Federal Trade Commission for supervision of data security at consumer reporting agencies, to require the promulgation of regulations establishing standards for effective cybersecurity at consumer reporting agencies, to impose penalties on credit reporting agencies for cybersecurity breaches that put sensitive consumer data at risk, and for other purposes.
Sponsor: Rep. Cummings, Elijah E. [D-MD-7] (Introduced 05/07/2019) Cosponsors: (1)
Committees: House - Financial Services
Latest Action: House - 05/07/2019 Referred to the House Committee on Financial Services.

H.R.2534 — 116th Congress (2019-2020)
Insider Trading Prohibition Act
Sponsor: Rep. Himes, James A. [D-CT-4] (Introduced 05/07/2019) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: House - 05/07/2019 Referred to the House Committee on Financial Services.

S.1344 — 116th Congress (2019-2020)
A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes.
Sponsor: Sen. Booker, Cory A. [D-NJ] (Introduced 05/07/2019) Cosponsors: (3)
Committees: Senate - Finance
Latest Action: Senate - 05/07/2019 Read twice and referred to the Committee on Finance.

 

Health

H.R.2564 — 116th Congress (2019-2020)
To amend title XVIII of the Social Security Act to provide for a special enrollment period under Medicare for individuals enrolled in COBRA continuation coverage, and for other purposes.
Sponsor: Rep. Schrader, Kurt [D-OR-5] (Introduced 05/07/2019) Cosponsors: (3)
Committees: House - Energy and Commerce, Ways and Means, Education and Labor
Latest Action: House - 05/07/2019 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, and 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...

H.R.2552 — 116th Congress (2019-2020)
To direct the Secretary of Health and Human Services to prevent certain payment reductions for clinic visit services furnished at excepted off-campus outpatient departments of a provider under the Medicare program.
Sponsor: Rep. Kilmer, Derek [D-WA-6] (Introduced 05/07/2019) Cosponsors: (1)
Committees: House - Energy and Commerce, Ways and Means
Latest Action: House - 05/07/2019 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.2536 — 116th Congress (2019-2020)
To repeal the Patient Protection and Affordable Care Act and health care-related provisions in the Health Care and Education Reconciliation Act of 2010, and for other purposes.
Sponsor: Rep. Flores, Bill [R-TX-17] (Introduced 05/07/2019) Cosponsors: (0)
Committees: House - Energy and Commerce, Education and Labor, Ways and Means, Judiciary, Natural Resources, Rules, House Administration, Appropriations, Budget
Latest Action: House - 05/07/2019 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Education and Labor, Ways and Means, the Judiciary, Natural Resources, Rules, House Administration, Appropriations, and the Budget, for a period to be subsequently determined by...

S.1343 — 116th Congress (2019-2020)
A bill to amend title XIX and XXI of the Social Security Act to improve Medicaid and the Children's Health Insurance Program for low-income mothers.
Sponsor: Sen. Booker, Cory A. [D-NJ] (Introduced 05/07/2019) Cosponsors: (6)
Committees: Senate - Finance
Latest Action: Senate - 05/07/2019 Read twice and referred to the Committee on Finance.

 

Tax

H.R.2560 — 116th Congress (2019-2020)
To amend the Internal Revenue Code of 1986 to exclude certain disability-related first responder retirement payments from gross income.
Sponsor: Rep. Norman, Ralph [R-SC-5] (Introduced 05/07/2019) Cosponsors: (7)
Committees: House - Ways and Means
Latest Action: House - 05/07/2019 Referred to the House Committee on Ways and Means.

H.R.2541 — 116th Congress (2019-2020)
To amend the Internal Revenue Code of 1986 to increase the national limitation amount for qualified highway or surface freight transfer facility bonds.
Sponsor: Rep. Blumenauer, Earl [D-OR-3] (Introduced 05/07/2019) Cosponsors: (3)
Committees: House - Ways and Means, Transportation and Infrastructure
Latest Action: House - 05/07/2019 Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, 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...

S.1355 — 116th Congress (2019-2020)
A bill to amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for AmeriCorps educational awards.
Sponsor: Sen. Bennet, Michael F. [D-CO] (Introduced 05/07/2019) Cosponsors: (9)
Committees: Senate - Finance
Latest Action: Senate - 05/07/2019 Read twice and referred to the Committee on Finance.

 

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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