PublicationsInsights on Current Policy Issues

  • August 13, 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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  • 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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  • October 10, 2017

    By Frank Vlossak

    On October 10, Environmental Protection Agency (EPA) Administrator Scott Pruitt signed a Notice of Proposed Rulemaking (NPRM) titled “Repeal of Carbon Pollution Emission Guidelines for Existing Stationary Sources: Electric Generating Units”. The NPRM would rescind the Obama Administration’s Clean Power Plan (CPP), a rule that would reduce greenhouse gas (GHG) emissions from existing power generation sector sources, namely coal and natural gas power plants.

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The Senate will resume consideration of S.2155, Economic Growth, Regulatory Relief, and Consumer Protection Act.

THE HOUSE

 

Friday

  • The House was not in session.

 

Today

  • The House is not in session today.

 

THE SENATE

 

Friday

  • The Senate was not in session.

 

Today

  • The Senate stands adjourned until 4:00pm on Monday, March 12, 2018.
  • Following leader remarks, the Senate will resume consideration of Calendar #287, S.2155, Economic Growth, Regulatory Relief, and Consumer Protection Act. As a reminder, Senator McConnell filed cloture on the substitute, as modified, and on the underlying bill, S.2155. The time following leader remarks until 5:30pm will be equally divided. At 5:30pm, the Senate will vote on the motion to invoke cloture on substitute amendment #2151.
  • The filing deadline for first degree amendments to the underlying bill is 4:30pm. The filing deadline for second degree amendments to the substitute is 5:30pm.
  • Cloture has also been filed on Executive Calendar #598, the nomination of Kevin K. McAleenan, of Hawaii, to be Commissioner of U.S. Protection, Department of Homeland Security. The cloture vote on the McAleenan nomination will occur upon disposition of S.2155.

 

Hearings Covered by W&J Today

 

No hearings scheduled

 

Notable Legislation Introduced

 

Energy

H.R.5240 — 115th Congress (2017-2018)
To provide for certain programs and developments in the Department of Energy concerning the cybersecurity and vulnerabilities of, and physical threats to, the electric grid, and for other purposes.
Sponsor: Rep. McNerney, Jerry [D-CA-9] (Introduced 03/09/2018) Cosponsors: (1)
Committees: House - Energy and Commerce
Latest Action: House - 03/09/2018 Referred to the House Committee on Energy and Commerce.

H.R.5239 — 115th Congress (2017-2018)
To require the Secretary of Energy to establish a voluntary Cyber Sense program to identify and promote cyber-secure products intended for use in the bulk-power system, and for other purposes.
Sponsor: Rep. Latta, Robert E. [R-OH-5] (Introduced 03/09/2018) Cosponsors: (1)
Committees: House - Energy and Commerce
Latest Action: House - 03/09/2018 Referred to the House Committee on Energy and Commerce.

 

Financial Services

H.R.5237 — 115th Congress (2017-2018)
To require the holder of a subordinate lien on the property that secures a federally related mortgage loan, upon a request by the homeowner for a short sale, to make a timely decision whether to allow the sale.
Sponsor: Rep. McNerney, Jerry [D-CA-9] (Introduced 03/09/2018) Cosponsors: (1)
Committees: House - Financial Services
Latest Action: House - 03/09/2018 Referred to the House Committee on Financial Services.

PublicationsInsights on Current Policy Issues

  • August 13, 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
  • October 10, 2017

    By Frank Vlossak

    On October 10, Environmental Protection Agency (EPA) Administrator Scott Pruitt signed a Notice of Proposed Rulemaking (NPRM) titled “Repeal of Carbon Pollution Emission Guidelines for Existing Stationary Sources: Electric Generating Units”. The NPRM would rescind the Obama Administration’s Clean Power Plan (CPP), a rule that would reduce greenhouse gas (GHG) emissions from existing power generation sector sources, namely coal and natural gas power plants.

    Read...

    Read More

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