PublicationsInsights on Current Policy Issues

  • August 13, 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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Washington Update

Our weekly update on Congress

The House passed H.R. 5515, National Defense Authorization Act for Fiscal Year 2019; H.R. 5682, FIRST STEP Act; S. 204, Trickett Wendler, Frank Mongiello, Jordan McLinn, and Matthew Bellina Right to Try Act of 2017; S. 292, Childhood Cancer STAR Act; S. 2155, Economic Growth, Regulatory Relief, and Consumer Protection Act; H.R. 3832, Veterans Opioid Abuse Prevention Act.

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The House passed the “Lieutenant Oscvaldo Albarati Correctional Officer Self-Protection Act” (H.R. 613); a bill “To amend the DNA Analysis Backlog Elimination Act of 2000 to provide additional resources to the State and local prosecutors, and for other purposed” (H.R. 4854); the “Black Hills National Cemetery Boundary Expansion Act” (S.35); the “Protect and Serve Act of 2018” (H.R. 5698); and the “Veterans Cemetery Benefit Correction Act” (S. 2373).

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The House passed H.R. 4910, the Veterans Cemetery Benefit Correction Act; H.R. 4335, the Servicemember Family Burial Act; the Congressional Review Act disapproval of the CFPB rule “Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act; H.R. 2152, the Citizens’ Right to Know Act; H.R. 5645, the Standard Merger and Acquisition Reviews Through Equal Rules Act and H.R. 3053, the Nuclear Waste Policy Amendments Act.

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The House is in recess until Monday, May 7th.

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The House passed the “Innovators to Entrepreneurs Act of 2018” (H.R. 5086); the “Operation of the Federal Columbia River Power System” (H.R. 3144); the “Music Modernization Act” (H.R. 5447); the “Iran Human Rights and Hostage-Taking Accountability Act” (H.R. 4744); and the “FAA Reauthorization Act” (H.R. 4).

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The House passed the Eastern Band of Cherokee Historic Lands Reacquisition Act; H.R. 5192, Protecting Children from Identity Theft Act; H.R. 5445, the 21st Century IRS Act; H.R. 5444, Taxpayer First Act; H.R. 2905, and the Justice for Victims of IRS Scams and Identity Theft Act of 2018.

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PublicationsInsights on Current Policy Issues

  • August 13, 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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