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 the House message to accompany H.R.302, the long-term FAA extension.

THE HOUSE

 

Yesterday

  • The House was not in session.

 

Today

  • The House is not in session.

 

THE SENATE

 

Yesterday

  • Sports Medicine Licensure Clarity Act--Agreement:
    • Senate continued consideration of the amendment of the House of Representatives to the amendment of the Senate to H.R. 302, to provide protections for certain sports medicine professionals who provide certain medical services in a secondary State, taking action on the following motions and amendments proposed thereto:
      • Pending:
        • McConnell motion to concur in the amendment of the House to the amendment of the Senate to the bill.
        • McConnell motion to concur in the amendment of the House to the amendment of the Senate to the bill, with McConnell Amendment No. 4026 (to the motion to concur in the amendment of the House to the amendment of the Senate), to change the enactment date.
        • McConnell Amendment No. 4027 (to Amendment No. 4026), of a perfecting nature.
        • A unanimous-consent agreement was reached providing that notwithstanding Rule XXII, all time post-cloture on the House message to accompany the bill be considered expired at 12 noon, on Wednesday, October 3, 2018.
  • Kavanaugh Nomination:
    • Senate continued consideration of the nomination of Brett M. Kavanaugh, of Maryland, to be an Associate Justice of the Supreme Court of the United States.

 

Today

  • The Senate stands in recess until 10:00am on Wednesday, October 3, 2018.
  • Following Leader remarks, the Senate will resume consideration of the House message to accompany H.R.302, the long-term FAA extension, post-cloture. At 12:00 noon, all post-cloture time will expire and the Senate will vote on the motion to concur.
  • As a reminder, last week the Senate reached an agreement on Opioids:
    • At a time to be determined by the Majority Leader, in consultation with the Democratic Leader, the Senate proceed to the consideration of the House message to accompany H.R. 6, the opioids bill. The Majority Leader, or his designee, will be recognized to make a motion to concur, with up to 4 hours of debate on the motion, equally divided in the usual form. Following the use or yielding back of that time, the Senate vote on the motion to concur with no further intervening action or debate.
  • 12:00 noon Wednesday—1 roll call vote
    • 1. Motion to concur in the House amendment to the Senate amendment to H.R.302, long-term FAA extension

 

Hearings Covered by W&J Today

 

The Economist Group
“Leading on Value: Solutions for an Evolving Health Care System”

Senate Special Aging
Reducing Health Care Costs

Senate Commerce
Positive Train Control Implementation

Senate HELP
Rare Diseases: Expediting Treatments for Patients

Senate Judiciary
Oversight of the Enforcement of the Antitrust Laws

 

Notable Legislation Introduced

 

Financial Services

H.R.7024 — 115th Congress (2017-2018)
To establish a Federal standard in order to improve the Nation's resilience to current and future flood risk.
Sponsor: Rep. Raskin, Jamie [D-MD-8] (Introduced 10/02/2018) Cosponsors: (5)
Committees: House - Financial Services, Transportation and Infrastructure
Latest Action: House - 10/02/2018 Referred to the Committee on Financial Services, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of...

H.R.7022 — 115th Congress (2017-2018)
To provide for greater transparency in the HUD-VASH supported housing program for homeless veterans, and for other purposes.
Sponsor: Rep. Peters, Scott H. [D-CA-52] (Introduced 10/02/2018) Cosponsors: (3)
Committees: House - Financial Services, Veterans' Affairs
Latest Action: House - 10/02/2018 Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee...

S.3536 — 115th Congress (2017-2018)
A bill to amend the Economic Growth, Regulatory Relief, and Consumer Protection Act to clarify seasoning requirements for certain refinanced mortgage loans, and for other purposes.
Sponsor: Sen. Klobuchar, Amy [D-MN] (Introduced 10/02/2018) Cosponsors: (0)
Committees: Senate - Banking, Housing, and Urban Affairs
Latest Action: Senate - 10/02/2018 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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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