PublicationsInsights on Current Policy Issues

  • March 7, 2017

    By Frank Vlossak

    On February 24, 2017, President Trump signed an Executive Order entitled “Enforcing the Regulatory Reform Agenda”. The Executive Order establishes mechanisms intended to reduce regulations, including by implementing the President’s January 30, 2017 Executive Order which calls for agencies to eliminate two regulations for each new regulation they promulgate. Among the requirements of this latest Executive Order are mandates for federal agencies to appoint “Regulatory Reform Officers” and establish “Regulatory Reform Task Forces”. As described in a White House press release, the Executive Order directs each agency’s Regulatory Reform Task Force to: “evaluate existing regulations and identify candidates for repeal or modification”; and “focus on eliminating costly and unnecessary regulations.”

     

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  • February 9, 2017

    By Frank Vlossak

    On January 30, 2017, President Trump signed an Executive Order entitled “Reducing Regulation and Controlling Regulatory Costs”. The Executive Order is intended to ensure that “for every one new regulation issued, at least two prior regulations be identified for elimination”. On February 3, the White House issued a memorandum titled “Interim Guidance Implementing Section 2 of the Executive Order of January 30, 2017…” The memorandum provides agencies with information on how to implement the “Regulatory Cap for Fiscal Year 2017” established by the Executive Order.   

    Among the issues addressed, the February 3, memorandum clarifies that the Executive Order applies only to significant rulemakings, and does not require compliance by independent federal agencies such as the Securities and Exchange Commission (SEC), the Federal Energy Regulatory Commission (FERC), and the Federal Communications Commission (FCC).

     

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  • January 25, 2017

    By Frank Vlossak 

    On January 24, President Trump signed an executive order and four memoranda addressing pipeline, infrastructure, and manufacturing issues. The memoranda include one directing prompt consideration of the remaining federal approvals needed by the Dakota Access Pipeline. Another memorandum invites TransCanada to resubmit its application for a Presidential border-crossing permit for the Keystone XL Pipeline. The memorandum further directs the Department of State to “reach a final permitting decision” within 60 days of receiving a new Keystone XL permit application.

    A memorandum to the Secretary of Commerce requires the development of a “plan” to require “all new pipelines, as well as retrofitted, repaired, or expanded pipelines [to]…use materials and equipment [including steel] produced in the United States, to the maximum extent possible and to the extent permitted by law…”

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In the News

Articles featuring Williams & Jensen and our team

By Andrew Joseph

Breaux and Gephardt. Gerard and Maloney. Berman and Podesta. According to First Street, these were among the most powerful lobbyists in Washington this year.

Using the amount their firms were paid, the number and diversity of clients and the number of Fortune 100 clients they represented, First Street compiled lists of the top lobbyists in town, divided among former members of Congress, former staffers and professional lobbyists.

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James Ramage, Traders Magazine Online News, March 6, 2009

A recent House of Representatives' bill that many on Wall Street believe would destroy liquidity will never pass, according to industry experts.

The bill-H.R. 1068: Let Wall Street Pay for Wall Street's Bailout Act of 2009-is heavily flawed, lacks sufficient support on the Hill and has already failed in an earlier incarnation, they added. As written, the bill would tax each buy and sell transaction for equities, options and futures by up to 25 basis points.

"I can't believe [a transaction tax] will get any traction," Duncan Niederauer, chief executive of NYSE Euronext, told an audience on Tuesday at the Museum of American Finance. "I can't believe that would find its way to even a vote."

If it passes, the transaction tax would kill the thin-margin high-frequency trading business, which many say represents an estimated two-thirds of the daily volume in equities.

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  • Bair, Bernanke see damage to small banks, consumers
  • FDIC seeks change to Fed's proposed debit fee crackdown
  • Some lawmakers seek delay to Fed rule (Rewrites with comments from a lobbyist, lawmaker, and a banking expert)

By Dave Clarke and Clare Baldwin

WASHINGTON/NEW YORK, Feb 17 (Reuters) - U.S. bank regulators conceded some flaws in plans to force banks to cut billions of dollars in debit card processing fees, raising the prospect that the Federal Reserve might soften its stance.

The comments made on Thursday marked a small gain in the financial industry's fight to roll back parts of the Dodd-Frank financial reform law, also a major priority for Republicans in the new Congress. [ID:nN17119262]

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PublicationsInsights on Current Policy Issues

  • March 7, 2017

    By Frank Vlossak

    On February 24, 2017, President Trump signed an Executive Order entitled “Enforcing the Regulatory Reform Agenda”. The Executive Order establishes mechanisms intended to reduce regulations, including by implementing the President’s January 30, 2017 Executive Order which calls for agencies to eliminate two regulations for each new regulation they promulgate. Among the requirements of this latest Executive Order are mandates for federal agencies to appoint “Regulatory Reform Officers” and establish “Regulatory Reform Task Forces”. As described in a White House press release, the Executive Order directs each agency’s Regulatory Reform Task Force to: “evaluate existing regulations and identify candidates for repeal or modification”; and “focus on eliminating costly and unnecessary regulations.”

     

    Read...

    Read More
  • February 9, 2017

    By Frank Vlossak

    On January 30, 2017, President Trump signed an Executive Order entitled “Reducing Regulation and Controlling Regulatory Costs”. The Executive Order is intended to ensure that “for every one new regulation issued, at least two prior regulations be identified for elimination”. On February 3, the White House issued a memorandum titled “Interim Guidance Implementing Section 2 of the Executive Order of January 30, 2017…” The memorandum provides agencies with information on how to implement the “Regulatory Cap for Fiscal Year 2017” established by the Executive Order.   

    Among the issues addressed, the February 3, memorandum clarifies that the Executive Order applies only to significant rulemakings, and does not require compliance by independent federal agencies such as the Securities and Exchange Commission (SEC), the Federal Energy Regulatory Commission (FERC), and the Federal Communications Commission (FCC).

     

    Read...

    Read More
  • January 25, 2017

    By Frank Vlossak 

    On January 24, President Trump signed an executive order and four memoranda addressing pipeline, infrastructure, and manufacturing issues. The memoranda include one directing prompt consideration of the remaining federal approvals needed by the Dakota Access Pipeline. Another memorandum invites TransCanada to resubmit its application for a Presidential border-crossing permit for the Keystone XL Pipeline. The memorandum further directs the Department of State to “reach a final permitting decision” within 60 days of receiving a new Keystone XL permit application.

    A memorandum to the Secretary of Commerce requires the development of a “plan” to require “all new pipelines, as well as retrofitted, repaired, or expanded pipelines [to]…use materials and equipment [including steel] produced in the United States, to the maximum extent possible and to the extent permitted by law…”

    Read...

    Read More

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