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...

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The House will consider H.Res. 430 – Authorizing the Committee on the Judiciary to initiate or intervene in judicial proceedings to enforce certain subpoenas and for other purposes (Rep. McGovern – Rules). The Senate will resume consideration of Executive Calendar #41 Sarah Daggett Morrison, of Ohio, to be United States District Judge for the Southern District of Ohio, post-cloture.

THE HOUSE

 

Yesterday

  • SUMMARY OF LEGISLATIVE BUSINESS
    • H.R. 3151 - Taxpayer First Act
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED BY VOICE
    • H.R. 542 - Supporting Research and Development for First Responders Act
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED 395 - 3, ROLL CALL 242
    • H.R. 2476 - Securing American Nonprofit Organizations Against Terrorism Act of 2019
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED BY VOICE
    • H.R. 1158 - DHS Cyber Incident Response Teams Act of 2019, as amended
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED BY VOICE
    • H.R. 2539 - Strengthening Local Transportation Security Capabilities Act of 2019
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED 384 - 13, ROLL CALL 243
    • H.R. 2083 - Homeland Procurement Reform Act, as amended
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED BY VOICE
    • H.R. 2609 - DHS Acquisition Review Board Act of 2019
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - VOTE ORDERED
    • H.R. 2590 - DHS Overseas Personnel Enhancement Act of 2019, as amended
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED 394 - 2, ROLL CALL 244
    • H.Res. 372 - Expressing Concern for the United States-Turkey Alliance
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED BY VOICE
    • H.R. 951 - United States-Mexico Tourism Improvement Act of 2019, as amended - ON THE MOTION TO SUSPEND THE RULES AND PASS - PASSED BY VOICEH.R. 2140 - Prevent Child Marriage Act, as amended
      • - ON THE MOTION TO SUSPEND THE RULES AND PASS
        • - PASSED BY VOICE

Today

  • One Minutes (15 per side)
  • H.Res. 430 – Authorizing the Committee on the Judiciary to initiate or intervene in judicial proceedings to enforce certain subpoenas and for other purposes (Rep. McGovern – Rules) (Subject to a Rule)
  • Postponed Suspension Vote (1 vote)
    • H.R. 2609 – DHS Acquisition Review Board Act of 2019 (Rep. Crenshaw – Homeland Security)

 

THE SENATE

 

Yesterday

  • Roll Call Votes
    1. Confirmation of Executive Calendar #39, Ryan T. Holte, of Ohio, to be a Judge of the US Court of Federal Claims; confirmed: 60-35.
    2. Confirmation of Executive Calendar #40, Rossie David Alston, Jr., of Virginia, to be United States District Judge for the Eastern District of Virginia; confirmed: 75-20.
    3. Confirmation of Executive Calendar #56, Richard A. Hertling, of Maryland, to be a Judge of the United States Court of Federal Claims; confirmed: 69-27.
    4. Motion to invoke cloture on Executive Calendar #41 Sarah Daggett Morrison, of Ohio, to be United States District Judge for the Southern District of Ohio; invoked: 89-7.
  • Legislative Business
    1. Completed the Rule 14 process to place H.R.6, American Dream and Promise Act, on the Legislative Calendar of Business.
    2. Adopted S.Res.240, relative to the death of Dr. Lloyd John Ogilvie, former Chaplain of the United States Senate.
    3. Adopted Calendar #104, S.Res.81, calling for accountability and justice for the assassination of Boris Nemtsov.
    4. Adopted Calendar #105, S.Res.184, condemning the Easter Sunday terrorist attacks in Sri Lanka, offering sincere condolences to the victims, to their families and friends, and to the people and nation of Sri Lanka, and expressing solidarity and support for Sri Lanka.
    5. Adopted S.Res.241, designating May 2019 as “Older Americans Month”

 

Today

  • The Senate stands adjourned until 10:00am on Tuesday, June 11, 2019, and does so under the provisions of S.Res.240, as a further mark of respect to Dr. Lloyd John Ogilvie, former Chaplain of the Senate.
  • Following Leader remarks, the Senate will resume consideration of Executive Calendar #41 Sarah Daggett Morrison, of Ohio, to be United States District Judge for the Southern District of Ohio, post-cloture.
  • The Senate will recess from 12:30pm until 2:15pm to allow for the weekly caucus meetings.
  • At 4:00pm, the Senate will vote on 1) confirmation of the Morrison nomination and on the motions to invoke cloture on the 2) Barker, 3) Maze, 4) Smith, 5) Barber, and 6) Boulee nominations.
  • 4:00pm on Tuesday, June 11 - 6 roll call votes:
    1. Confirmation of Executive Calendar #41 Sarah Daggett Morrison, of Ohio, to be US District Judge for the Southern District of Ohio
    2. Motion to Invoke Cloture on Executive Calendar #42 Pamela A. Barker, of Ohio, to be US District Judge for the Northern District of Ohio
    3. Motion to Invoke Cloture on Executive Calendar #43 Corey Landon Maze, of Alabama, to be US District Judge for the Northern District of Alabama
    4. Motion to Invoke Cloture on Executive Calendar #44 Rodney Smith, of Florida, to be US District Judge for the Southern District of Florida
    5. Motion to Invoke Cloture on Executive Calendar #46 Thomas Barber, of Florida, to be US District Judge for the Middle District of Florida
    6. Motion to Invoke Cloture on Executive Calendar #49 Jean-Paul Boulee, of Georgia, to be US District Judge for the Northern District of Georgia
  • Senator McConnell has filed cloture on the following nominations [all have up to 2 hours of post-cloture debate time]:
    1. Executive Calendar #41 Sarah Daggett Morrison, of Ohio, to be United States District Judge for the Southern District of Ohio
    2. Executive Calendar #42 Pamela A. Barker, of Ohio, to be United States District Judge for the Northern District of Ohio
    3. Executive Calendar #43 Corey Landon Maze, of Alabama, to be United States District Judge for the Northern District of Alabama
    4. Executive Calendar #44 Rodney Smith, of Florida, to be United States District Judge for the Southern District of Florida
    5. Executive Calendar #46 Thomas Barber, of Florida, to be United States District Judge for the Middle District of Florida
    6. Executive Calendar #49 Jean-Paul Boulee, of Georgia, to be United States District Judge for the Northern District of Georgia
    7. Executive Calendar #193 David Stilwell, of Hawaii, to be an Assistant Secretary of State (East Asian and Pacific Affairs)
    8. Executive Calendar #217 Edward F. Crawford, of Ohio, to be Ambassador to Ireland

 

Hearings Covered by W&J Today

 

House Agriculture
State of U.S. Agricultural Products in International Markets

Senate Banking
Data Brokers and the Impact on Financial Data Privacy, Credit, Insurance, Employment, and Housing

House Education and Labor
Markup of H.R. 397, Rehabilitation for Multiemployer Pensions Act

House Appropriations
Homeland Security/Financial Services and General Government Markup

SEC
Fixed Income Market Structure Advisory Committee

House Financial Services
Markup

House Judiciary
Online Platforms and Market Power, Part 1: The Free and Diverse Press

Washington Post
Transformers Health

 

Notable Legislation Introduced

 

Financial Services

H.R.3182 — 116th Congress (2019-2020)
To require the Securities and Exchange Commission and certain Federal agencies to carry out a study relating to accounting standards, and for other purposes.
Sponsor: Rep. Gonzalez, Vicente [D-TX-15] (Introduced 06/10/2019) Cosponsors: (9)
Committees: House - Financial Services, Agriculture
Latest Action: House - 06/10/2019 Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, 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 concerned.

 

Health

H.R.3171 — 116th Congress (2019-2020)
To amend the Comprehensive Addiction and Recovery Act of 2016 to authorize the Attorney General, in coordination with the Administrator of the Drug Enforcement Administration, the Secretary of Health and Human Services, and the Director of the Office of National Drug Control Policy, to award grants to covered entities to establish or maintain disposal sites for unwanted prescription medications, and for other purposes.
Sponsor: Rep. Bonamici, Suzanne [D-OR-1] (Introduced 06/10/2019) Cosponsors: (4)
Committees: House - Energy and Commerce
Latest Action: House - 06/10/2019 Referred to the House Committee on Energy and Commerce.

H.R.3165 — 116th Congress (2019-2020)
To strengthen parity in mental health and substance use disorder benefits.
Sponsor: Rep. Porter, Katie [D-CA-45] (Introduced 06/10/2019) Cosponsors: (2)
Committees: House - Energy and Commerce, Ways and Means, Education and Labor
Latest Action: House - 06/10/2019 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...

S.1754 — 116th Congress (2019-2020)
A bill to provide Medicaid assistance to individuals and families affected by a disaster or emergency, and for other purposes.
Sponsor: Sen. Casey, Robert P., Jr. [D-PA] (Introduced 06/10/2019) Cosponsors: (4)
Committees: Senate - Finance
Latest Action: Senate - 06/10/2019 Read twice and referred to the Committee on Finance.

 

Tax

H.R.3188 — 116th Congress (2019-2020)
To amend the Internal Revenue Code of 1986 to extend the limitation on the carryover of excess corporate charitable contributions by regulated public utilities.
Sponsor: Rep. Thompson, Mike [D-CA-5] (Introduced 06/10/2019) Cosponsors: (1)
Committees: House - Ways and Means
Latest Action: House - 06/10/2019 Referred to the House Committee on Ways and Means.

H.R.3168 — 116th Congress (2019-2020)
To amend the Internal Revenue Code of 1986 to allow certain legal fees and investment fees to be taken into account as miscellaneous itemized deductions.
Sponsor: Rep. Flores, Bill [R-TX-17] (Introduced 06/10/2019) Cosponsors: (0)
Committees: House - Ways and Means
Latest Action: House - 06/10/2019 Referred to the House Committee on Ways and Means.

S.1763 — 116th Congress (2019-2020)
A bill to amend the Internal Revenue Code of 1986 to provide for the issuance of exempt facility bonds for qualified carbon dioxide capture facilities.
Sponsor: Sen. Bennet, Michael F. [D-CO] (Introduced 06/10/2019) Cosponsors: (1)
Committees: Senate - Finance
Latest Action: Senate - 06/10/2019 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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