PublicationsInsights on Current Policy Issues

  • May 16, 2017

    By Frank Vlossak

    On May 8, 2017, the Office of Management and Budget (OMB) issued a memorandum titled “Guidance for Section 2 of Executive Order 13783, titled ‘Promoting Energy Independence and Economic Growth’”. E.O. 13783 directs federal agencies to review, and potentially suspend, revise or repeal, existing regulations that “burden domestic energy production.”

     

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  • April 19, 2017

    By Frank Vlossak

    On April 13, the Environmental Protection Agency (EPA) published a notice in the Federal Register soliciting public comments “on regulations that may be appropriate for repeal, replacement, or modification.” The notice is part of the EPA’s efforts to implement the Executive Order titled “Enforcing the Regulatory Reform Agenda” (E.O. 13777), which was signed by President Trump on February 24, 2017. The deadline for submitting public comments is May 15, 2017. EPA offices will also be conducting public forums on regulatory reform over the next four weeks. The Executive Order establishes mechanisms intended to reduce regulations, including by implementing the President’s January 30, 2017 Executive Order (E.O. 13771) which calls for agencies to eliminate two regulations for each new regulation they promulgate.

     

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  • April 12, 2017

    By Frank Vlossak

    Congress enacted the “Congressional Review Act” (CRA) as part of the “Contract with America Advancement Act” (P.L. 104-121) in 1996 and it is codified at 5 U.S.C. 801-808. The CRA established an expedited process for Congress to repeal recently promulgated regulations through passage of joint resolutions signed into law by the President. As of April 7, the President has signed eleven CRA resolutions into law. The House and Senate have passed two more, which the President is expected to sign. Activity on CRA resolutions will begin to wind down as the statutory cut-off for action on resolutions to repeal final rules issued during the 114th Congress is expected to occur no later than early May.

     

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In the News

Articles featuring Williams & Jensen and our team

Stephen A. Blumenthal, American Banker, February 22, 2012

Like the mast of a sailing ship coming over the horizon, the first sign that Congress may restructure Fannie Mae and Freddie Mac has appeared.

The common wisdom in Washington is that nothing of significance will happen on GSE reform during the year remaining in this Congress. House Republicans may pass one of their pending bills, all of which would eliminate Fannie and Freddie but some say do not adequately address needed transitions or possible GSE successors. Their free market faith that people will put up with higher mortgage costs and long periods when mortgage money may not be available at all is admirable. It is not, however, shared by many of their colleagues in the Senate in either party. There is no sign the Democrat-controlled Senate will be anything except a graveyard for any Republican House version of GSE reform.

Senate Republicans, who believe they will be in the majority after the next election, and perhaps have a Republican House and president as well, are not inclined to compromise with their Democrat colleagues to get a bill done. Why give the Obama administration an accomplishment to trumpet in its campaign? The bottom line, according to the Common Wisdom: gridlock and no action on GSE reform in any form. Accordingly, on February 21, 2012, FHFA Acting Director Ed DeMarco announced plans for the continued opertion of the conservatorship in light of inaction by Congress.

Events, however, may force Congress to move whether it wants to or not, this year or early next year.

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Corina Saceanu, Romania Insider

eric_stewartTen American companies launched the American – Romanian Business Council (AMRO), a non-profit organization headquartered in Washington DC, hoping to promote trade between the US and Romania and bridge the gap between the two countries. Chevron, Exxon, ADM, Smithfield, Raytheon, Pharma, Metlife, Amgen, Timken and Mega initiated the business council, with Chevron leading the group as chair and ADM as vice-chair.

Eric Stewart (in picture) will act as executive president of the organization. Stewart is also a partner with the Washington D.C. firm Williams & Jensen and serves as a Senior International Advisor to the U.S. Chamber of Commerce; as well as the Executive Director of the U.S.-Turkmenistan Business Council (USTBC) and as the President of the U.S.-Poland Business Council. Previously, Mr. Stewart served as the Deputy Assistant Secretary for Europe/Eurasia at the U.S. Department of Commerce.

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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

  • May 16, 2017

    By Frank Vlossak

    On May 8, 2017, the Office of Management and Budget (OMB) issued a memorandum titled “Guidance for Section 2 of Executive Order 13783, titled ‘Promoting Energy Independence and Economic Growth’”. E.O. 13783 directs federal agencies to review, and potentially suspend, revise or repeal, existing regulations that “burden domestic energy production.”

     

    Read...

    Read More
  • April 19, 2017

    By Frank Vlossak

    On April 13, the Environmental Protection Agency (EPA) published a notice in the Federal Register soliciting public comments “on regulations that may be appropriate for repeal, replacement, or modification.” The notice is part of the EPA’s efforts to implement the Executive Order titled “Enforcing the Regulatory Reform Agenda” (E.O. 13777), which was signed by President Trump on February 24, 2017. The deadline for submitting public comments is May 15, 2017. EPA offices will also be conducting public forums on regulatory reform over the next four weeks. The Executive Order establishes mechanisms intended to reduce regulations, including by implementing the President’s January 30, 2017 Executive Order (E.O. 13771) which calls for agencies to eliminate two regulations for each new regulation they promulgate.

     

    Read...

    Read More
  • April 12, 2017

    By Frank Vlossak

    Congress enacted the “Congressional Review Act” (CRA) as part of the “Contract with America Advancement Act” (P.L. 104-121) in 1996 and it is codified at 5 U.S.C. 801-808. The CRA established an expedited process for Congress to repeal recently promulgated regulations through passage of joint resolutions signed into law by the President. As of April 7, the President has signed eleven CRA resolutions into law. The House and Senate have passed two more, which the President is expected to sign. Activity on CRA resolutions will begin to wind down as the statutory cut-off for action on resolutions to repeal final rules issued during the 114th Congress is expected to occur no later than early May.

     

    Read...

    Read More

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