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.

     

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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.

     

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The Senate will resume consideration of Robert Lighthizer, to be United States Trade Representative.

House

 

Yesterday

  • The House was not in session.

 

Today

  • The House is not in session.

 

Senate

 

Yesterday

  • Measures Considered:
    • Bureau of Land Management Rule Relating to Methane: By 49 yeas to 51 nays (Vote No. 125), Senate rejected the motion to proceed to consideration of H.J. Res. 36, providing for congressional disapproval under chapter 8 of title 5, United States Code, of the final rule of the Bureau of Land Management relating to ``Waste Prevention, Production Subject to Royalties, and Resource Conservation''.
    • Lighthizer Nomination--Agreement:
      • Senate continued consideration of the nomination of Robert Lighthizer, of Florida, to be United States Trade Representative, with the rank of Ambassador.
    • 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.
      • A unanimous-consent agreement was reached providing for further consideration of the nomination at approximately 10 a.m., on Thursday, May 11, 2017, with the time until the vote on the motion to invoke cloture on the nomination equally divided in the usual form.
    • Rosen Nomination--Cloture:
      • Senate began consideration of the nomination of Jeffrey A. Rosen, of Virginia, to be Deputy Secretary of Transportation.
    • 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 upon disposition of the nomination of Robert Lighthizer, of Florida, to be United States Trade Representative, with the rank of Ambassador.
    • Prior to the consideration of this nomination, Senate took the following action:
      • Senate agreed to the motion to proceed to Legislative Session.
      • Senate agreed to the motion to proceed to Executive Session to consider the nomination.
    • Brand Nomination--Cloture:
      • Senate began consideration of the nomination of Rachel L. Brand, of Iowa, to be Associate Attorney General.
    • 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 upon disposition of the nomination of Jeffrey A. Rosen, of Virginia, to be Deputy Secretary of Transportation.
    • Prior to the consideration of this nomination, Senate took the following action:
      • Senate agreed to the motion to proceed to Legislative Session.
      • Senate agreed to the motion to proceed to Executive Session to consider the nomination.

 

Today

  • The Senate stands adjourned until 10:00am on Thursday, May 11, 2017.
  • Following any Leader remarks, the Senate will resume consideration of Executive Calendar #52, Robert Lighthizer, to be United States Trade Representative. The cloture vote on the Lighthizer nomination will occur 1 hour after the Senate convenes—approximately 11:00am. If cloture is invoked, there would be up to 30 hours for debate prior to a vote on confirmation.

 

Hearings Covered by W&J Today

 

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

Senate Banking, Housing, and Urban Affairs Committee
“The Status of the Housing Finance System After Nine Years of Conservatorship”

Federal Advisory Committee on Insurance
Public Meeting

 

Notable Legislation Introduced

 

Financial Services

S.1082 — 115th Congress (2017-2018)
A bill to provide for the establishment of the United States Employee Ownership Bank, and for other purposes.
Sponsor: Sen. Sanders, Bernard [I-VT] (Introduced 05/10/2017) Cosponsors: (3)
Committees: Senate - Banking, Housing, and Urban Affairs
Latest Action: 05/10/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S.1081 — 115th Congress (2017-2018)
A bill to establish an Employee Ownership and Participation Initiative, and for other purposes.
Sponsor: Sen. Sanders, Bernard [I-VT] (Introduced 05/10/2017) Cosponsors: (5)
Committees: Senate - Health, Education, Labor, and Pensions
Latest Action: 05/10/2017 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 

Health

S.1093 — 115th Congress (2017-2018)
A bill to amend the Federal Food, Drug, and Cosmetic Act to improve pediatric medical device application procedures.
Sponsor: Sen. Franken, Al [D-MN] (Introduced 05/10/2017) Cosponsors: (1)
Committees: Senate - Health, Education, Labor, and Pensions
Latest Action: 05/10/2017 Read twice and referred to the Committee on Health, Education, Labor, and Pensions

 

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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