PublicationsInsights on Current Policy Issues

  • April 19, 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
  • February 5, 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

House


Yesterday:
  • The House approved the Senate amendment to the "3% Withholding Repeal Act" (H.R. 674) and the "National Right-to-Carry Reciprocity Act of 2011" (H.R. 822).


Today:

  • The House will consider the conference agreement for the appropriations minibus containing the Agriculture, Commerce, Justice and Science, and Transportation, Housing, and Urban Development spending measures for FY 2012 (H.R. 2112). The House will also begin consideration of a balanced-budget amendment to the Constitution (H.J. Res. 2)

 

Senate


Yesterday:
  • The Senate continued consideration of the "Energy and Water Appropriations Act" (H.R. 2354), which is the expected legislative vehicle for a mini-bus appropriations bill that includes: Energy and Water; Financial Services; and State and Foreign Operations. Reid announced that the Senate will be moving to other business until an agreement on the minibus can be reached.


Today:

  • The Senate will begin consideration of the "Department of Defense Authorization Act" (S. 1867). Pending House approval of the conference agreement for the Agriculture, CJS, Transportation-HUD minibus (H.R. 2112), the Senate will also vote on the measure.

 

Hearings Covered by W&J Today

SEC
"Government-Business Forum on Small Business Capital Formation"
9:00 a.m.
100 F St NE

Senate Banking, Housing, and Urban Affairs Committee
"HUD, FDIC Nominations"
10:00 a.m.
538 Dirksen

House Ways and Means Committee
"International Tax Reform"
10:00 a.m.
1100 Longworth

Joint Economic Committee
"Economic Impact of Tax Code Overhaul"
10:00 a.m.
216 Hart

Notable Legislation Introduced Yesterday

Defense

H.R.3449 : To direct the Secretary of Defense to develop a defense supply chain and industrial base strategy, and for other purposes.
Sponsor: Rep Ryan, Tim [OH-17] (introduced 11/16/2011) Cosponsors (8)
Committees: House Armed Services
Latest Major Action: 11/16/2011 Referred to House committee.
Status: Referred to the House Committee on Armed Services.

Education

H.R.3445 : To provide priority consideration to local educational agencies that establish high quality entrepreneurship education programs for secondary schools, and for other purposes.
Sponsor: Rep Loebsack, David [IA-2] (introduced 11/16/2011) Cosponsors (None)
Committees: House Education and the Workforce
Latest Major Action: 11/16/2011 Referred to House committee.
Status: Referred to the House Committee on Education and the Workforce.

H.R.3447 : To require proprietary institutions of higher education to derive not less than 10 percent of such institutions' revenues from sources other than veterans' education benefits or funds provided under title IV of the Higher Education Act of 1965.
Sponsor: Rep Quigley, Mike [IL-5] (introduced 11/16/2011) Cosponsors (None)
Committees: House Education and the Workforce
Latest Major Action: 11/16/2011 Referred to House committee.
Status: Referred to the House Committee on Education and the Workforce.

Energy

H.R.3441 : To repeal the Department of Energy's weatherization assistance program.
Sponsor: Rep Fleischmann, Charles J. "Chuck" [TN-3] (introduced 11/16/2011) Cosponsors (None)
Committees: House Energy and Commerce
Latest Major Action: 11/16/2011 Referred to House committee.
Status: Referred to the House Committee on Energy and Commerce.

H.R.3446 : To direct the Secretary of the Interior to establish an annual production incentive fee with respect to Federal onshore and offshore lands that are subject to a lease for production of oil or natural gas under which production is not occurring, and for other purposes.
Sponsor: Rep Markey, Edward J. [MA-7] (introduced 11/16/2011) Cosponsors (7)
Committees: House Natural Resources
Latest Major Action: 11/16/2011 Referred to House committee.
Status: Referred to the House Committee on Natural Resources.

H.R.3450 : To authorize the Administrator of the Environmental Protection Agency to make grants to assist communities in complying with environmental requirements, to authorize the use of penalty amounts collected under laws administered by the Environmental Protection Agency to finance the grants, and for other purposes.
Sponsor: Rep Young, Don [AK] (introduced 11/16/2011) Cosponsors (None)
Committees: House Energy and Commerce; House Transportation and Infrastructure; House Agriculture
Latest Major Action: 11/16/2011 Referred to House committee.
Status: Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, and 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.3442 : To amend title XVIII of the Social Security Act with respect to payment for partial hospitalization services under the Medicare program.
Sponsor: Rep Johnson, Eddie Bernice [TX-30] (introduced 11/16/2011) Cosponsors (2)
Committees: House Energy and Commerce; House Ways and Means
Latest Major Action: 11/16/2011 Referred to House committee.
Status: 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 concerned.

S.1878 : A bill to assist low-income individuals in obtaining recommended dental care.
Sponsor: Sen Menendez, Robert [NJ] (introduced 11/16/2011) Cosponsors (None)
Committees: Senate Finance
Latest Major Action: 11/16/2011 Referred to Senate committee.
Status: Read twice and referred to the Committee on Finance.

S.1880 : A bill to repeal the health care law's job-killing health insurance tax.
Sponsor: Sen Barrasso, John [WY] (introduced 11/16/2011) Cosponsors (2)
Committees: Senate Finance
Latest Major Action: 11/16/2011 Referred to Senate committee.
Status: Read twice and referred to the Committee on Finance.

S.1882 : A bill to amend the Federal Food, Drug, and Cosmetic Act to ensure that valid generic drugs may enter the market.
Sponsor: Sen Bingaman, Jeff [NM] (introduced 11/16/2011) Cosponsors (3)
Committees: Senate Health, Education, Labor, and Pensions
Latest Major Action: 11/16/2011 Referred to Senate committee.
Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Tax

H.R.3442 : To amend title XVIII of the Social Security Act with respect to payment for partial hospitalization services under the Medicare program.
Sponsor: Rep Johnson, Eddie Bernice [TX-30] (introduced 11/16/2011) Cosponsors (2)
Committees: House Energy and Commerce; House Ways and Means
Latest Major Action: 11/16/2011 Referred to House committee.
Status: 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 concerned.

H.R.3444 : To amend the Internal Revenue Code of 1986 to clarify eligibility for the child tax credit.
Sponsor: Rep Kingston, Jack [GA-1] (introduced 11/16/2011) Cosponsors (1)
Committees: House Ways and Means
Latest Major Action: 11/16/2011 Referred to House committee.
Status: Referred to the House Committee on Ways and Means.

H.R.3448 : To amend the Internal Revenue Code of 1986 to extend the deduction for dividends received from a controlled foreign corporation by any corporation that has increased wages or placed property in service for the year.
Sponsor: Rep Renacci, James B. [OH-16] (introduced 11/16/2011) Cosponsors (2)
Committees: House Ways and Means
Latest Major Action: 11/16/2011 Referred to House committee.
Status: Referred to the House Committee on Ways and Means.

S.1876 : A bill to require the establishment of a Consumer Price Index for Elderly Consumers to compute cost-of-living increases for Social Security benefits under title II of the Social Security Act.
Sponsor: Sen Brown, Sherrod [OH] (introduced 11/16/2011) Cosponsors (2)
Committees: Senate Finance
Latest Major Action: 11/16/2011 Referred to Senate committee.
Status: Read twice and referred to the Committee on Finance.

S.1878 : A bill to assist low-income individuals in obtaining recommended dental care.
Sponsor: Sen Menendez, Robert [NJ] (introduced 11/16/2011) Cosponsors (None)
Committees: Senate Finance
Latest Major Action: 11/16/2011 Referred to Senate committee.
Status: Read twice and referred to the Committee on Finance.

S.1880 : A bill to repeal the health care law's job-killing health insurance tax.
Sponsor: Sen Barrasso, John [WY] (introduced 11/16/2011) Cosponsors (2)
Committees: Senate Finance
Latest Major Action: 11/16/2011 Referred to Senate committee.
Status: Read twice and referred to the Committee on Finance.

PublicationsInsights on Current Policy Issues

  • April 19, 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
  • February 5, 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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