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.

     

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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.

     

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The Senate will resume consideration of Executive Calendar #343, Daniel Aaron Bress, of California, to be United States Circuit Judge for the Ninth Circuit.

THE HOUSE

 

Friday

  • The House was not in Session.

 

Today

  • The House is not in Session.

 

THE SENATE

 

Friday

  • The Senate was not in Session.

 

Today

  • The Senate will next convene at 3:00pm, Monday July 8th. Following Leader remarks, the Senate will resume consideration of Executive Calendar #343, Daniel Aaron Bress, of California, to be United States Circuit Judge for the Ninth Circuit.
  • At 5:30pm, the Senate will vote on the motion to invoke cloture on the Bress nomination.
  • On Thursday June 27th, Senator McConnell filed cloture on the following nominations:
    1. Executive Calendar #343, Daniel Aaron Bress, of California, to be United States Circuit Judge for the Ninth Circuit.
    2. Executive Calendar #47, T. Kent Wetherell II, of Florida, to be United States District Judge for the Northern District of Florida
    3. Executive Calendar #51, Damon Ray Leichty, of Indiana, to be United States District Judge for the Northern District of Indiana
    4. Executive Calendar #52, J. Nicholas Ranjan, of Pennsylvania, to be United States District Judge for the Western District of Pennsylvania
    5. Executive Calendar #101, Robert L. King, of Kentucky, to be Assistant Secretary for Postsecondary Education, Department of Education
    6. Executive Calendar #13, Peter C. Wright, of Michigan, to be Assistant Administrator, Office of Solid Waste, Environmental Protection Agency
  • 5:30pm, Monday July 8 – 1 roll call vote:
    1. Motion to invoke cloture on Executive Calendar #343, Daniel Aaron Bress, of California, to be United States Circuit Judge for the Ninth Circuit.

 

Notable Legislation Introduced

 

Financial Services

H.R.3625 — 116th Congress (2019-2020)
To establish a whistleblower program at the Public Company Accounting Oversight Board, and for other purposes.
Sponsor: Rep. Garcia, Sylvia R. [D-TX-29] (Introduced 07/05/2019) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: House - 07/05/2019 Referred to the House Committee on Financial Services.

H.R.3624 — 116th Congress (2019-2020)
To amend the Securities Exchange Act of 1934 to require the disclosure of the total number of domestic and foreign employees of certain public companies, and for other purposes.
Sponsor: Rep. Axne, Cynthia [D-IA-3] (Introduced 07/05/2019) Cosponsors: (1)
Committees: House - Financial Services
Latest Action: House - 07/05/2019 Referred to the House Committee on Financial Services.

H.R.3623 — 116th Congress (2019-2020)
To amend the Securities Exchange Act of 1934 to require issuers to disclose certain activities relating to climate change, and for other purposes.
Sponsor: Rep. Casten, Sean [D-IL-6] (Introduced 07/05/2019) Cosponsors: (1)
Committees: House - Financial Services, Energy and Commerce
Latest Action: House - 07/05/2019 Referred to the Committee on Financial Services, 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.3622 — 116th Congress (2019-2020)
To amend the Fair Credit Reporting act to restore the impaired credit of victims of predatory activities and unfair consumer reporting practices, to expand access to tools to protect vulnerable consumers from identity theft, fraud, or a related crime, and protect victims from further harm, and for other purposes.
Sponsor: Rep. Tlaib, Rashida [D-MI-13] (Introduced 07/05/2019) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: House - 07/05/2019 Referred to the House Committee on Financial Services.

H.R.3621 — 116th Congress (2019-2020)
To amend the Fair Credit Reporting Act to remove adverse information for certain defaulted or delinquent private education loan borrowers who demonstrate a history of loan repayment, and for other purposes.
Sponsor: Rep. Pressley, Ayanna [D-MA-7] (Introduced 07/05/2019) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: House - 07/05/2019 Referred to the House Committee on Financial Services.

H.R.3620 — 116th Congress (2019-2020)
To provide rental assistance to low-income tenants in certain multifamily rural housing projects financed by the Rural Housing Service of the Department of Agriculture, and to develop and implement a plan for preserving the affordability of rural rental housing, and for other purposes.
Sponsor: Rep. Clay, Wm. Lacy [D-MO-1] (Introduced 07/05/2019) Cosponsors: (1)
Committees: House - Financial Services
Latest Action: House - 07/05/2019 Referred to the House Committee on Financial Services.

H.R.3619 — 116th Congress (2019-2020)
To amend the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to provide the Appraisal Subcommittee with the authority to modify annual registry fees for appraisal management companies, to maintain a registry of trainees and charge a lower trainee registry fee, and to allow grants to States to assist appraiser and potential appraiser compliance with the Real Property Appraiser Qualification Criteria, and for other purposes.
Sponsor: Rep. Clay, Wm. Lacy [D-MO-1] (Introduced 07/05/2019) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: House - 07/05/2019 Referred to the House Committee on Financial Services.

H.R.3618 — 116th Congress (2019-2020)
To establish requirements relating to credit scores and educational credit scores, and for other purposes.
Sponsor: Rep. Beatty, Joyce [D-OH-3] (Introduced 07/05/2019) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: House - 07/05/2019 Referred to the House Committee on Financial Services.

 

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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