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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Washington Update

Our weekly update on Congress

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)

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This week The House passed the “No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2017” (H.R. 7); the “Power And Security Systems (PASS) Act” (H.R. 511); the “Fair RATES Act” (H.R. 587); the “Advanced Nuclear Technology Development Act of 2017” (H.R. 590); the “Federal Communications Commission Process Reform Act of 2017” (H.R. 290); the “Securing Access to Networks in Disaster Act” (H.R. 588); and the “Federal Communications Commission Consolidated Reporting Act of 2017” (H.R. 599).

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This week The House was in recess.

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This week The House passed S.Con.Res.3, the FY 2017 budget resolution; the “Regulatory Accountability Act of 2017” (H.R. 5); the “SEC Regulatory Accountability Act” (H.R. 78); the “Commodity End-User Relief Act” (H.R. 238); and the “Helping Angels Lead Our Startups Act” (H.R. 79).

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This week The House passed the “Midnight Rules Relief Act of 2017” (H.R. 21); the “Federal Advisory Committee Act Amendments of 2017” (H.R. 70); the “GAO Access and Oversight Act of 2017” (H.R. 72); and the “Thoroughly Investigating Retaliation Against Whistleblowers Act” (H.R. 69).

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This week The House was in recess.

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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...

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