PublicationsInsights on Current Policy Issues

  • 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...

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  • 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...

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The Senate is expected to move to proceed to H.J.Res.36, the congressional joint resolution of disapproval regarding methane.

House

 

Yesterday

  • The House was not in session.

 

Today

  • The House is not in session.

 

Senate

 

Yesterday

  • Lighthizer Nomination--Cloture:
    • Senate began consideration of the nomination of Robert Lighthizer, of Florida, to be United States Trade Representative, with the rank of Ambassador.
  • A motion was entered to close further debate on the nomination, and, in accordance with the provisions of Rule XXII of the Standing Rules of the Senate, a vote on cloture will occur on Thursday, May 11, 2017.
  • Prior to the consideration of this nomination, Senate took the following action:
    • Senate agreed to the motion to proceed to Executive Session to consider the nomination.
  • Nomination Confirmed:
    • Senate confirmed the following nomination:
      • By 57 yeas to 42 nays (Vote No. EX. 124), Scott Gottlieb, of Connecticut, to be Commissioner of Food and Drugs, Department of Health and Human Services.

 

Today

  • The Senate stands adjourned until 9:30am on Wednesday, May 10, 2017.
  • Following any Leader remarks, the Senate will be in a period of morning business with senators permitted to speak therein for up to 10 minutes each.
  • We expect Senator McConnell to move to proceed to H.J.Res.36, the congressional joint resolution of disapproval regarding methane. The vote on the motion to proceed is expected at approximately 10:00am. If the motion to proceed is agreed to, there would be up to 10 hours of debate equally divided prior to a vote on passage.
  • Additional roll call votes are possible during Wednesday’s session.
  • As a reminder, today Senator McConnell filed cloture on Executive Calendar #52, Robert Lighthizer, to be United States Trade Representative, for a Thursday cloture vote.

 

Hearings Covered by W&J Today

 

SEC Division of Economic and Risk Analysis
“Reviving the U.S. IPO Market.”

SEC
Advisory Committee on Small and Emerging Companies

Senate Banking, Housing, and Urban Affairs
“Secondary Sanctions Against Chinese Institutions: Assessing Their Utility for Constraining North Korea”

Senate Health, Education, Labor, and Pensions Committee
“RAISE Family Caregivers Act"; and S.934, the "Food and Drug Administration Reauthorization Act.”

Senate Homeland Security and Governmental Affairs Committee
“Cyber Threats Facing America: An Overview of the Cybersecurity Threat Landscape”

Senate Environment and Public Works Committee
“Endangered Species Act Modernization”

Senate Judiciary Committee
“Law Enforcement Access to Data Stored Across Borders: Facilitating Cooperation and Protecting Rights”

 

Notable Legislation Introduced

 

Energy

S.1075 — 115th Congress (2017-2018)
A bill to direct the Secretary of Energy and the Secretary of Commerce to conduct a study of the feasibility of establishing an ethane storage and distribution hub in the United States.
Sponsor: Sen. Capito, Shelley Moore [R-WV] (Introduced 05/09/2017) Cosponsors: (2)
Latest Action: 05/09/2017 Read twice and referred to the Committee on Energy and Natural Resources.

S.1071 — 115th Congress (2017-2018)
A bill to require the evaluation and consolidation of duplicative green building programs within the Department of Energy.
Sponsor: Sen. Flake, Jeff [R-AZ] (Introduced 05/09/2017) Cosponsors: (1)
Committees: Senate - Energy and Natural Resources
Latest Action: 05/09/2017 Read twice and referred to the Committee on Energy and Natural Resources.

 

Financial Services

S.1076 — 115th Congress (2017-2018)
A bill to amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to modify certain provisions relating to multiemployer pensions, and for other purposes.
Sponsor: Sen. Sanders, Bernard [I-VT] (Introduced 05/09/2017) Cosponsors: (9)
Latest Action: 05/09/2017 Read twice and referred to the Committee on Finance

 

Health

S.1079 — 115th Congress (2017-2018)
A bill to require the Food and Drug Administration to revoke the approval of one opioid pain medication for each new opioid pain medication approved.
Sponsor: Sen. Manchin, Joe, III [D-WV]

S.1078 — 115th Congress (2017-2018)
A bill to establish procedures regarding the approval of opioid drugs by the Food and Drug Administration.
Sponsor: Sen. Manchin, Joe, III [D-WV]

 

PublicationsInsights on Current Policy Issues

  • 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
  • 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

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