PublicationsInsights on Current Policy Issues

  • 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.

     

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  • 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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  • October 10, 2017

    By Frank Vlossak

    On October 10, Environmental Protection Agency (EPA) Administrator Scott Pruitt signed a Notice of Proposed Rulemaking (NPRM) titled “Repeal of Carbon Pollution Emission Guidelines for Existing Stationary Sources: Electric Generating Units”. The NPRM would rescind the Obama Administration’s Clean Power Plan (CPP), a rule that would reduce greenhouse gas (GHG) emissions from existing power generation sector sources, namely coal and natural gas power plants.

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W&J Daily Update

Our daily report from the Capitol

The House will consider H.R. 1699 – Preserving Access to Manufactured Housing Act of 2017. The Senate will resume consideration of H.R.1, to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018 (vehicle for Republican tax legislation).

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The House will finish consideration of H.R. 3905 – Minnesota’s Economic Rights in the Superior National Forest Act and begin consideration of H.R. 3017 – Brownfields Enhancement, Economic Redevelopment, and Reauthorization Act of 2017, and H.R. 4182 – Ensuring a Qualified Civil Service Act of 2017. The Senate will resume consideration of H.R.1, to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018 (vehicle for Republican tax legislation).

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The House will consider one bill under suspension of the rules as well as consider H.R. 3905 – Minnesota’s Economic Rights in the Superior National Forest Act. Senator McConnell is expected to make a motion to proceed to S.1519, National Defense Authorization Act for Fiscal Year 2018. It is also expected that sometime during Wednesday’s session Senator McConnell will move to proceed to H.R.1, the vehicle for Republican tax legislation with a roll call vote on the motion to proceed.

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The House will consider six bills under suspension of the rules. The Senate will resume consideration of Gregory Katsas, to be US Circuit Judge for the District of Columbia Circuit.

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The Senate will resume consideration of Dabney Langhorne Freidrich, to be United States District Judge for the District of Columbia.

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The House will take one postponed suspension vote then complete consideration of H.R. 1 – Tax Cuts and Jobs Act. The Senate will resume consideration of Joseph Otting, to be Comptroller of the Currency, post-cloture. Following disposition of the Otting nomination, the Senate will vote on the pending cloture motions with respect to the following nominations: Donald C. Coggins Jr., to be United States District Judge for the District of South Carolina, and Dabney Langhorne Freidrich, to be United States District Judge for the District of Columbia.

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PublicationsInsights on Current Policy Issues

  • 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
  • October 10, 2017

    By Frank Vlossak

    On October 10, Environmental Protection Agency (EPA) Administrator Scott Pruitt signed a Notice of Proposed Rulemaking (NPRM) titled “Repeal of Carbon Pollution Emission Guidelines for Existing Stationary Sources: Electric Generating Units”. The NPRM would rescind the Obama Administration’s Clean Power Plan (CPP), a rule that would reduce greenhouse gas (GHG) emissions from existing power generation sector sources, namely coal and natural gas power plants.

    Read...

    Read More

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