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 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).


Today:

  • The House will continue consideration of the balanced-budget amendment to the Constitution (H.J. Res. 2).

 

Senate


Yesterday:
  • The Senate approved the conference agreement for the Agriculture, CJS, Transportation-HUD minibus (H.R. 2112) and began consideration of the "Department of Defense Authorization Act" (S. 1867).


Today:

  • The Senate will continue consideration of the "Department of Defense Authorization Act" (S. 1867).

 

Hearings Covered by W&J Today

House Armed Services Committee
"Defense Industry Outlook"
9:00 a.m.
2118 Rayburn

House Natural Resources Committee
"Markup of Energy and Mineral Resources Bills"
9:30 a.m.
1324 Longworth

House Natural Resources Committee
"ANWR: Jobs, Energy, and Deficit Reduction"
2:00 p.m.
1324 Longworth

Notable Legislation Introduced Yesterday

Defense

H.R.3455 : To amend title 10, United States Code, to include the Chief of the National Guard Bureau as a member of the Joint Chiefs of Staff and to reestablish the position of Vice Chief of the National Guard Bureau.
Sponsor: Rep Palazzo, Steven M. [MS-4] (introduced 11/17/2011) Cosponsors (8)
Committees: House Armed Services
Latest Major Action: 11/17/2011 Referred to House committee.
Status: Referred to the House Committee on Armed Services.

H.R.3470 : To remove arbitrary and anticompetitive limitations from the grant program for ICAC Program training.
Sponsor: Rep Ribble, Reid J. [WI-8] (introduced 11/17/2011) Cosponsors (3)
Committees: House Judiciary
Latest Major Action: 11/17/2011 Referred to House committee.
Status: Referred to the House Committee on the Judiciary.

Financial Services

H.R.3461 : To improve the examination of depository institutions, and for other purposes.
Sponsor: Rep Capito, Shelley Moore [WV-2] (introduced 11/17/2011) Cosponsors (9)
Committees: House Financial Services
Latest Major Action: 11/17/2011 Referred to House committee.
Status: Referred to the House Committee on Financial Services.

S.1903 : A bill to prohibit commodities and securities trading based on nonpublic information relating to Congress, to require additional reporting by Members and employees of Congress of securities transactions, and for other purposes.
Sponsor: Sen Gillibrand, Kirsten E. [NY] (introduced 11/17/2011) Cosponsors (7)
Committees: Senate Homeland Security and Governmental Affairs
Latest Major Action: 11/17/2011 Referred to Senate committee.
Status: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Health

H.R.3458 : To amend title XVIII of the Social Security Act to ensure the eligibility of eligible professionals practicing in rural health clinics for electronic health records and quality improvement incentives under Medicare.
Sponsor: Rep Schock, Aaron [IL-18] (introduced 11/17/2011) Cosponsors (4)
Committees: House Energy and Commerce; House Ways and Means
Latest Major Action: 11/17/2011 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.3466 : To amend the Internal Revenue Code of 1986 to establish and provide a checkoff for a Breast and Prostate Cancer Research Fund, and for other purposes.
Sponsor: Rep King, Peter T. [NY-3] (introduced 11/17/2011) Cosponsors (15)
Committees: House Ways and Means; House Energy and Commerce
Latest Major Action: 11/17/2011 Referred to House committee.
Status: 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 concerned.

H.R.3468 : To prevent trafficking in counterfeit drugs.
Sponsor: Rep Meehan, Patrick [PA-7] (introduced 11/17/2011) Cosponsors (1)
Committees: House Judiciary
Latest Major Action: 11/17/2011 Referred to House committee.
Status: Referred to the House Committee on the Judiciary.

S.1884 : A bill to provide States with incentives to require elementary schools and secondary schools to maintain, and permit school personnel to administer, epinephrine at schools.
Sponsor: Sen Durbin, Richard [IL] (introduced 11/17/2011) Cosponsors (1)
Committees: Senate Health, Education, Labor, and Pensions
Latest Major Action: 11/17/2011 Referred to Senate committee.
Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

S.1886 : A bill to prevent trafficking in counterfeit drugs.
Sponsor: Sen Leahy, Patrick J. [VT] (introduced 11/17/2011) Cosponsors (3)
Committees: Senate Judiciary
Latest Major Action: 11/17/2011 Referred to Senate committee.
Status: Read twice and referred to the Committee on the Judiciary.

S.1900 : A bill to amend title XVIII of the Social Security Act to preserve access to urban Medicare-dependent hospitals.
Sponsor: Sen Menendez, Robert [NJ] (introduced 11/17/2011) Cosponsors (2)
Committees: Senate Finance
Latest Major Action: 11/17/2011 Referred to Senate committee.
Status: Read twice and referred to the Committee on Finance.

Tax

H.R.3458 : To amend title XVIII of the Social Security Act to ensure the eligibility of eligible professionals practicing in rural health clinics for electronic health records and quality improvement incentives under Medicare.
Sponsor: Rep Schock, Aaron [IL-18] (introduced 11/17/2011) Cosponsors (4)
Committees: House Energy and Commerce; House Ways and Means
Latest Major Action: 11/17/2011 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.3460 : To amend the Internal Revenue Code of 1986 to allow temporarily a reduced rate of tax with respect to repatriated foreign earnings.
Sponsor: Rep Berkley, Shelley [NV-1] (introduced 11/17/2011) Cosponsors (2)
Committees: House Ways and Means
Latest Major Action: 11/17/2011 Referred to House committee.
Status: Referred to the House Committee on Ways and Means.

H.R.3466 : To amend the Internal Revenue Code of 1986 to establish and provide a checkoff for a Breast and Prostate Cancer Research Fund, and for other purposes.
Sponsor: Rep King, Peter T. [NY-3] (introduced 11/17/2011) Cosponsors (15)
Committees: House Ways and Means; House Energy and Commerce
Latest Major Action: 11/17/2011 Referred to House committee.
Status: 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 concerned.

H.R.3467 : To amend the Internal Revenue Code of 1986 to reform the estate and gift tax.
Sponsor: Rep McDermott, Jim [WA-7] (introduced 11/17/2011) Cosponsors (1)
Committees: House Ways and Means
Latest Major Action: 11/17/2011 Referred to House committee.
Status: Referred to the House Committee on Ways and Means.

H.R.3471 : To authorize the Secretary of Labor to award grants for the employment of individuals in targeted communities to perform work for the benefit of such communities.
Sponsor: Rep Tsongas, Niki [MA-5] (introduced 11/17/2011) Cosponsors (None)
Committees: House Education and the Workforce; House Ways and Means
Latest Major Action: 11/17/2011 Referred to House committee.
Status: Referred to the Committee on Education and the Workforce, 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.1885 : A bill to provide for a temporary extension of unemployment insurance, and for other purposes.
Sponsor: Sen Heller, Dean [NV] (introduced 11/17/2011) Cosponsors (None)
Committees: Senate Finance
Latest Major Action: 11/17/2011 Referred to Senate committee.
Status: Read twice and referred to the Committee on Finance.

S.1895 : A bill to require the Secretary of Commerce to establish a program for the award of grants to States to establish revolving loan funds for small and medium-sized manufacturers to improve energy efficiency and produce clean energy technology, to provide a tax credit for farmers' investments in value-added agriculture, and for other purposes.
Sponsor: Sen Gillibrand, Kirsten E. [NY] (introduced 11/17/2011) Cosponsors (None)
Committees: Senate Finance
Latest Major Action: 11/17/2011 Referred to Senate committee.
Status: Read twice and referred to the Committee on Finance.

S.1900 : A bill to amend title XVIII of the Social Security Act to preserve access to urban Medicare-dependent hospitals.
Sponsor: Sen Menendez, Robert [NJ] (introduced 11/17/2011) Cosponsors (2)
Committees: Senate Finance
Latest Major Action: 11/17/2011 Referred to Senate committee.
Status: Read twice and referred to the Committee on Finance.

S.1904 : A bill to provide information on total spending on means-tested welfare programs, to provide additional work requirements, and to provide an overall spending limit on means-tested welfare programs.
Sponsor: Sen DeMint, Jim [SC] (introduced 11/17/2011) Cosponsors (7)
Committees: Senate Finance
Latest Major Action: 11/17/2011 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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