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...

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  • 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 the motion to proceed to H.R.2810, National Defense Authorization Act.

House

 

Friday

  • Reinforcing Education Accountability in Development Act: The House concurred in the Senate amendment to the House amendment to the Senate amendment to H.R. 601, to enhance the transparency and accelerate the impact of assistance provided under the Foreign Assistance Act of 1961 to promote quality basic education in developing countries, to better enable such countries to achieve universal access to quality basic education and improved learning outcomes, and to eliminate duplication and waste, by a yea-and-nay vote of 316 yeas to 90 nays, Roll No. 480.
  • H. Res. 509, the rule providing for consideration of the Senate amendment to the House amendment to the Senate amendment to the bill (H.R. 601) was agreed to by voice vote, after the previous question was ordered without objection.
  • Department of the Interior, Environment, and Related Agencies Appropriations Act, 2018: The House considered H.R. 3354, making appropriations for the Department of the Interior, environment, and related agencies for the fiscal year ending September 30, 2018. Further proceedings were postponed.
  • Agreed to:
    • Pearce amendment (No. 63 printed in H. Rept. 115–297) that was debated on September 7th that prevents funds from being used to implement the Bureau of Land Management's ``Waste Prevention, Production Subject to Royalties, and Resource Conservation'' rule (by a recorded vote of 216 ayes to 186 noes, Roll No. 484); and
    • Smith (MO) amendment (No. 72 printed in H. Rept. 115–297) that restricts federal agencies from using funds to pay legal fees under any lawsuit settlement regarding a case that arises under the Clean Air Act, the Clean Water Act, and the Endangered Species Act.
  • Rejected:
    • Blackburn amendment (No. 55 printed in H. Rept. 115–297) that was debated on September 7th that sought to call for 1% across the board cuts (by a recorded vote of 156 ayes to 248 noes, Roll No. 481);
    • Palmer amendment (No. 56 printed in H. Rept. 115–297) that was debated on September 7th that sought to ensure that none of the funds made available by this Act may be used for the Environmental Protection Agency's Criminal Enforcement Division (by a recorded vote of 178 ayes to 227 noes, Roll No. 482); and
    • Carbajal amendment (No. 57 printed in H. Rept. 115–297) that was debated on September 7th that sought to state that none of the funds made available by this Act may be used to process any application under the Outer Continental Shelf Lands Act (43 U.S.C. 1331 et seq.) for a permit to drill or a permit to modify, that would authorize use of hydraulic fracturing or acid well stimulation treatment in the Pacific Outer Continental Shelf (by a recorded vote of 177 ayes to 230 noes, Roll No. 483).
  • Withdrawn:
    • Knight amendment (No. 69 printed in H. Rept. 115–297) that was offered and subsequently withdrawn that would have prohibited funds related to certain mineral contracts
  • Proceedings Postponed:
    • Mullin amendment (No. 73 printed in H. Rept. 115–297) that seeks to prohibit funds for enforcing the Obama Administration's EPA methane rule;
    • Mullin amendment (No. 74 printed in H. Rept. 115–297) that seeks to prohibit funds for implementing the Obama Administration's Social Cost of Carbon rule;
    • Polis amendment (No. 75 printed in H. Rept. 115–297) that seeks to prohibit funds from being used to support the closure or consolidation of any regional office of the Environmental Protection Agency;
    • Polis amendment (No. 76 printed in H. Rept. 115–297) that seeks to prohibit the use of funds to pursue any extra-legal ways to transfer Federal lands to private owners in contravention of existing law; and
    • Norman amendment (No. 77 printed in H. Rept. 115–297) that seeks to reduce total appropriations to the Environmental Protection Agency by $1,869,087,000.
  • H. Res. 504, the rule providing for further consideration of the bill (H.R. 3354) was agreed to yesterday, September 7th.

 

Today

  • The House has canceled votes for today due to the impact of Hurricane Irma.

 

Senate

 

Friday

  • The Senate was not in session.

 

Today

  • The Senate stands adjourned until 3:00pm on Monday, September 11, 2017.
  • Following the prayer and pledge, the Senate will observe a moment of silence in remembrance of the lives lost in the attacks of September 11, 2001.
  • Following leader remarks, the Senate will resume consideration of the motion to proceed to H.R.2810, National Defense Authorization Act, with the time until 5:30pm equally divided. At 5:30pm, the Senate will vote on the motion to invoke cloture on the motion to proceed.
  • Monday at 5:30pm – 1 roll call vote
    • Motion to invoke cloture on the motion to proceed to H.R.2810, NDAA.

 

Hearings Covered by W&J Today

 

No hearings scheduled

 

Notable Legislation Introduced

 

Financial Services

H.R.3723 — 115th Congress (2017-2018)
To extend the National Flood Insurance Program.
Sponsor: Rep. Palazzo, Steven M. [R-MS-4] (Introduced 09/08/2017) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: 09/08/2017 Referred to the House Committee on Financial Services.

 

Health

H.R.3725 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to repeal the individual health insurance mandate.
Sponsor: Rep. Tiberi, Patrick J. [R-OH-12] (Introduced 09/08/2017) Cosponsors: (1)
Committees: House - Ways and Means
Latest Action: 09/08/2017 Referred to the House Committee on Ways and Means.

 

Tax

H.R.3717 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to simplify income tax compliance for small businesses, and for other purposes.
Sponsor: Rep. Chabot, Steve [R-OH-1] (Introduced 09/08/2017) Cosponsors: (1)
Committees: House - Ways and Means
Latest Action: 09/08/2017 Referred to the House Committee on Ways and Means.

 

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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