This Week’s Update

The Senate confirmed several nominations and passed H.J. Res. 109, a Congressional Review Act vote to overturn an SEC staff position on crypto custodians and accounting for those crypto liabilities.

This Week In Washington 

  • Senate – The Senate confirmed several nominations and passed H.J. Res. 109, a Congressional Review Act vote to overturn an SEC staff position on crypto custodians and accounting for those crypto liabilities.
  • House – The House passed a five-year Federal Aviation Administration (FAA) reauthorization bill (H.R. 3935), the Detain and Deport Illegal Aliens Who Assault Cops Act (H.R. 7343), the DC CRIMES Act of 2024 (H.R. 7530), the Improving Law Enforcement Officer Safety and Wellness Through Data Act (H.R. 7581), H. Res. 1210, “Condemning the Biden border crisis and the tremendous burdens law enforcement officers face as a result,” and H. Res. 1213, “A resolution regarding violence against law enforcement officers.”
  • Biden Administration – On May 14, the White House announced that it would increase tariffs on $18 billion worth of Chinese imports, including electric vehicles, batteries, steel, aluminum, semiconductors, and solar cells after the U.S. Trade Representative released the results of its four-year review of Section 301 tariffs on China, which found that China has not improved its behavior on stealing intellectual property and has been aggressive in cyber intrusions that target U.S. tech. Additionally, President Biden signed the five-year FAA reauthorization bill into law.

Next Week In Washington 

  • Senate – The Senate will reconvene on Monday, May 20, and is expected to continue processing nominees.
  • House The House will reconvene on Tuesday, May 21, and is expected to consider the Financial Innovation and Technology for the 21st Century Act (H.R. 4763) and the CBDC Anti-Surveillance State Act (H.R. 1122).

Follow Williams & Jensen

Download This Week’s Update