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
  • April 19, 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
  • 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

W&J Publications

Insights on Current Policy Issues

By Frank Vlossak.

The Pipeline and Hazardous Materials Safety Administration (PHMSA) has begun an effort to develop requirements for hazardous liquid pipeline operators to verify the integrity and maximum operating pressure of their pipelines. The initiative is based on a parallel effort targeting natural gas pipelines. PHMSA has not yet developed the integrity verification process (IVP) proposal as a notice of proposed rulemaking (NPRM), however the details provided in a draft flow chart indicate the requirements of a rule could be significant. 

 

Read More

By David E. Franasiak, Joel G. Oswald and Rebecca L. Konst

On November 17, 2014 the Financial Industry Regulatory Authority (FINRA) and the Municipal Securities Rulemaking Board (MSRB) released companion proposals to “require disclosure of pricing reference information on customer confirmations for transactions in fixed income securities.” The MSRB proposal covers municipal bonds and the FINRA proposal covers fixed income securities in general. FINRA and the MSRB are taking a coordinated approach to this rulemaking and their proposals are substantially similar though apply to their different portions of the market.    


Read More

By Frank Vlossak.

In the next two weeks, both the House and Senate are expected to take up legislation to approve TransCanada’s Keystone XL pipeline. With 60 or more Senators expected to vote to invoke cloture and end any filibuster, both chambers are on track to approve the legislation. It is likely however that President Obama will veto the bill, although the Administration has yet to explicitly threaten such action. If the President vetoes the bill, it is unlikely that proponents have sufficient votes to override the veto.  

 

Read More

Follow the results on Election Night with the Williams & Jensen 2014 Midterm Election Guide. The Guide includes all Senate, House and governors’ races, as well as sections highlighting the most competitive election contests and a guide to state poll closing times.



Read More

By Frank Vlossak.

The Department of Commerce has allowed the export of the light hydrocarbon known as condensate, approving an interpretation of current law that allows export of lightly-processed condensate as a refined product. While the action by the Department of Commerce may allow economical processing and export of growing domestic condensate production, it does not necessarily signal a broader loosening of the 1975 restrictions on crude oil exports.  
 

Read More

On Tuesday, April 8, 2014, David Franasiak gave a presentation at the meeting of the International Stock Exchange Executives Emeriti, Inc. (ISEEE) and ISEEE Capital Markets Development Workshop as part of a panel discussion on “Recent Regulatory Actions and Proposals Affecting the Exchanges and Capital Markets and the Issues Raised”. 
 

Read More
By David E. Franasiak, Joel Oswald, Eric Robins and Rebecca Konst.

With the enactment of the Dodd-Frank Act in 2010, the responsibilities of the Securities and Exchange Commission (SEC) have grown. New or expanded areas of SEC regulatory authority include the regulation of securities-based swaps, increased corporate governance and disclosure requirements, registration of certain private funds, registration of municipal financial advisers and swap advisers, the Volcker Rule prohibitions, additional regulations for credit rating agencies, and securitization requirements. The SEC’s Fiscal Year 2015 budget request is $1.7 billion, an increase of 26 percent from the FY 2014 enacted amount of $1.35 billion. The SEC budget, which is appropriated to the SEC by Congress, is entirely funded through the collection of securities transaction (options and equity transaction) fees, known as Section 31 fees.  The Section 31 fee fluctuates, reflecting the combination of changes in dollar volume trading and the SEC funding levels as set by Congress through annual appropriations bills. 

Read More
By George Olsen.

This detailed summary of the health care provisions in President Obama’s FY2015 budget request spans all federal agencies including the Departments of Defense, Health and Human Services, Homeland Security, Treasury, Labor, Justice, and Veterans’ Affairs, as well as the Environmental Protection Agency and the National Science Foundation.


Read More
By Eric Robins, Rebecca Konst and Joel Oswald.

On February 11, the House passed the “Small Cap Liquidity Reform Act” (H.R.3448) by a vote of 412 to 4. Introduced by Representatives Sean Duffy (R-WI) and John Carney (D-DE), the legislation would require the Securities and Exchange Committee to conduct a five-year pilot program to allow the stocks of emerging growth companies (EGCs) to quote in 5 or 10 cent increments (“tick size”).
  


Read More
By Frank Vlossak.
On February 11, the Environmental Protection Agency (EPA) released a revised guidance document setting out the Underground Injection Control (UIC) requirements for hydraulic fracturing that uses diesel fuels. The EPA also released a memorandum on implementing the policy. Also on February 11, the Department of Energy approved an order authorizing Cameron LNG to export 1.7 Bcf/day of liquefied natural gas.     


Read More

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
  • April 19, 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
  • 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

Recent TweetsFollow Us >

TheFirmWJ
TheFirmWJ Williams & Jensen Mourns Its Co-founder, JD Williams: bit.ly/2BBOUrT
TheFirmWJ
TheFirmWJ Bills to be considered on the House floor next week as of noon on 12/7: bit.ly/2AD5lFl pic.twitter.com/p...
TheFirmWJ
TheFirmWJ House and Senate Armed Services Committees release summary of FY 2018 National Defense Authorization Act: bit.ly/2jbFgIT pic.twitter.com/U...