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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This week The House passed the resolutions of disapproval related to the following rules:  the “SEC Resource Extraction Rule” (H.J.Res.41); the “Stream Protection Rule” (H.J.Res.38); the “Waste Prevention, Production Subject to Royalties, and Resource Conservation Rule” (H.J. Res. 36); the “NICS Improvement Amendments Act of 2007” (H. J. Res. 40); and the rule relating to the Federal Acquisition Regulation (H.J. Res. 37)


This Week in Congress

  • House –The House passed the resolutions of disapproval related to the following rules:  the “SEC Resource Extraction Rule” (H.J.Res.41); the “Stream Protection Rule” (H.J.Res.38); the “Waste Prevention, Production Subject to Royalties, and Resource Conservation Rule” (H.J. Res. 36); the “NICS Improvement Amendments Act of 2007” (H. J. Res. 40); and the rule relating to the Federal Acquisition Regulation (H.J. Res. 37)

 

  • Senate – The Senate confirmed nominations of Rex Tillerson as Secretary of State and Elaine Chao as Secretary of Transportation. The Senate also passed H.J.Res.38, to disapprove of the Department of the Interior’s Stream Protection Rule; and H.J.Res.41, to disapprove of the SEC rule related to Resource Extraction.

 

Next Week in Congress

  • House – The House will vote on H.J. Res. 42, to disapprove of the rule relating to drug testing of unemployment compensation applicants; H.J. Res. 44, to disapprove of the rule submitted by the Department of the Interior relating to Bureau of Land Management regulations that establish the procedures used to prepare, revise, or amend land use plans pursuant to the Federal Land Policy and Management Act of 1976; H.J. Res. 57, to disapprove of the rule relating to accountability and State plans under the Elementary and Secondary Education Act of 1965; H.J. Res. 58, to disapprove of the rule relating to teacher preparation issues; and the “Red River Gradient Boundary Survey Act” (H.R. 428).

 

  • Senate –The Senate is expected to consider the nominations of Betsy DeVos to be Secretary of Education. The Senate will consider the following nominations upon disposition of the previous nomination in the order filed, and each nomination is subject to 30 hours of post-cloture debate: Senator Jeff Sessions (R-AL) to be U.S. Attorney General; Representative Tom Price (R-GA) to be Secretary of Health and Human Services; and Steven Mnuchin to be Secretary of the Treasury.

 

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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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