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...

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The House will consider H.R. 1039 – Probation Officer Protection Act of 2017.

House

 

Yesterday

  • Probation Officer Protection Act of 2017--Rule for Consideration:
    • The House agreed to H. Res. 324, providing for consideration of the bill (H.R. 1039) to amend section 3606 of title 18, United States Code, to grant probation officers authority to arrest hostile third parties who obstruct or impede a probation officer in the performance of official duties, by a recorded vote of 230 ayes to 184 noes, Roll No. 264, after the previous question was ordered by a yea-and-nay vote of 226 yeas to 188 nays, Roll No. 263.
  • Thin Blue Line Act:
    • The House passed H.R. 115, to amend title 18, United States Code, to provide additional aggravating factors for the imposition of the death penalty based on the status of the victim, by a yea-and-nay vote of 271 yeas to 143 nays, Roll No. 265.
  • Pursuant to the Rule, an amendment in the nature of a substitute consisting of the text of Rules Committee Print 115–17 shall be considered as adopted, in lieu of the amendment in the nature of a substitute recommended by the Committee on the Judiciary now printed in the bill.
  • H. Res. 323, the rule providing for consideration of the bill (H.R. 115) was agreed to yesterday, May 17th.
  • Suspension--Proceedings Resumed:
    • The House agreed to suspend the rules and pass the following measures. Consideration began Tuesday, May 16th.Honoring Hometown Heroes Act:
      • H.R. 1892, to amend title 4, United States Code, to provide for the flying of the flag at half-staff in the event of the death of a first responder in the line of duty, by a \2/3\ yea-and-nay vote of 411 yeas to 1 nay, Roll No. 266.

 

Today

  • On Friday, the House will meet at 9:00 a.m. for legislative business. First and last votes expected: 11:15 a.m. – 12:15 p.m.
  • H.R. 1039 – Probation Officer Protection Act of 2017 (Structured Rule) (Sponsored by Rep. Dave Reichert / Judiciary Committee)
  • The Rule provides for one hour of general debate and makes in order the following amendment:
    • Rep. Sheila Jackson Lee Amendment (10 minutes of debate)

 

Senate

 

Yesterday

  • Branstad Nomination--Agreement:
    • Senate resumed consideration of the nomination of Terry Branstad, of Iowa, to be Ambassador to the People's Republic of China.
  • During consideration of this nomination today, Senate also took the following action:
    • By 86 yeas to 12 nays (Vote No. 132), Senate agreed to the motion to close further debate on the nomination.
    • A unanimous-consent agreement was reached providing that at approximately 3 p.m., on Monday, May, 22, 2017, Senate resume consideration of the nomination, post-cloture; that the time until 5:30 p.m. be equally divided in the usual form; and that notwithstanding the provisions of Rule XXII, the post-cloture time on the nomination expire at 5:30 p.m.
  • Sullivan Nomination--Cloture:
    • Senate began consideration of the nomination of John J. Sullivan, of Maryland, to be Deputy Secretary of State.
  • 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 Terry Branstad, of Iowa, to be Ambassador to the People's Republic of China.
  • Nominations Confirmed: Senate confirmed the following nominations:
    • By 52 yeas to 46 nays (Vote No. EX. 131), Rachel L. Brand, of Iowa, to be Associate Attorney General.
    • Todd Philip Haskell, of Florida, to be Ambassador to the Republic of the Congo.
    • Tulinabo Salama Mushingi, of Virginia, to be Ambassador to the Republic of Senegal, and to serve concurrently and without additional compensation as Ambassador to the Republic of Guinea-Bissau.

 

Today

  • The Senate is not in session.

 

Hearings Covered by W&J Today

 

House Ways and Means
“IRS Reform: Lessons Learned from the National Taxpayer Advocate”

 

Notable Legislation Introduced

 

Energy

S.1180 — 115th Congress (2017-2018)
A bill to advance the integration of clean distributed energy into electric grids, and for other purposes.
Sponsor: Sen. Shaheen, Jeanne [D-NH] (Introduced 05/18/2017) Cosponsors: (0)
Committees: Senate - Energy and Natural Resources
Latest Action: 05/18/2017 Read twice and referred to the Committee on Energy and Natural Resources

 

Health

H.R.2535 — 115th Congress (2017-2018)
To amend title XXIX of the Public Health Service Act to reauthorize the program under such title relating to lifespan respite care.
Sponsor: Rep. Langevin, James R. [D-RI-2] (Introduced 05/18/2017) Cosponsors: (1)
Committees: House - Energy and Commerce
Latest Action: 05/18/2017 Referred to the House Committee on Energy and Commerce.

H.R.2531 — 115th Congress (2017-2018)
To amend title XVIII of the Social Security Act to apply Medicare part B deemed enrollment process to residents of Puerto Rico.
Sponsor: Rep. Gonzalez-Colon, Jenniffer [R-PR-At Large] (Introduced 05/18/2017) Cosponsors: (0)
Committees: House - Energy and Commerce, Ways and Means
Latest Action: 05/18/2017 Referred to House Ways and Means

S.1188 — 115th Congress (2017-2018)
A bill to amend title XXIX of the Public Health Service Act to reauthorize the program under such title relating to lifespan respite care.
Sponsor: Sen. Collins, Susan M. [R-ME] (Introduced 05/18/2017) Cosponsors: (1)
Committees: Senate - Health, Education, Labor, and Pensions
Latest Action: 05/18/2017 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 

Tax

H.R.2543 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to extend for 2 years the exclusion from gross income of discharges of qualified principal residence indebtedness.
Sponsor: Rep. Reed, Tom [R-NY-23] (Introduced 05/18/2017) Cosponsors: (1)
Committees: House - Ways and Means
Latest Action: 05/18/2017 Referred to the House Committee on Ways and Means

H.R.2534 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to reduce the rate of tax on domestic manufacturing income to 20 percent.
Sponsor: Rep. Kind, Ron [D-WI-3] (Introduced 05/18/2017) Cosponsors: (2)
Committees: House - Ways and Means
Latest Action: 05/18/2017 Referred to the House Committee on Ways and Means.

H.R.2530 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to make residents of Puerto Rico eligible for the earned income tax credit.
Sponsor: Rep. Gonzalez-Colon, Jenniffer [R-PR-At Large] (Introduced 05/18/2017) Cosponsors: (0)
Committees: House - Ways and Means
Latest Action: 05/18/2017 Referred to the House Committee on Ways and Means.

 

Transportation

H.R.2529 — 115th Congress (2017-2018)
To direct the Secretary of Transportation to establish a national intersection and interchange safety construction program, and for other purposes.
Sponsor: Rep. Emmer, Tom [R-MN-6] (Introduced 05/18/2017) Cosponsors: (0)
Committees: House - Transportation and Infrastructure
Latest Action: 05/18/2017 Referred to the House Committee on Transportation and Infrastructure.

H.R.2514 — 115th Congress (2017-2018)
To amend title 49, United States Code, to ensure that revenues collected from passengers as aviation security fees are used to help finance the costs of aviation security screening by repealing a requirement that a portion of such fees be credited as offsetting receipts and deposited in the general fund of the Treasury.
Sponsor: Rep. DeFazio, Peter A. [D-OR-4] (Introduced 05/18/2017) Cosponsors: (2)
Committees: House - Homeland Security
Latest Action: 05/18/2017 Referred to the House Committee on Homeland Security.

 

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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