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 House will consider the lying in state of the 41st President George H. W. Bush. The Senate is expected to resume consideration of Bernard L. McNamee, to be a Member of the Federal Energy Regulatory Commission.

 

THE HOUSE

 

Friday

  •  Suspension--Proceedings Resumed:
    • The House agreed to suspend the rules and pass the following measure. Consideration began Thursday, November 29th.
  • Federal CIO Authorization Act of 2018:
    • H.R. 6901, amended, to amend chapter 36 of title 44, United States Code, to make certain changes relating to electronic Government services, by a \2/3\ recorded vote of 391 ayes with none voting ``no'', Roll No. 425.
  • Providing for the printing of a revised edition of the Rules and Manual of the House of Representatives for the One Hundred Sixteenth Congress:
    • The House agreed to H. Res. 1164, providing for the printing of a revised edition of the Rules and Manual of the House of Representatives for the One Hundred Sixteenth Congress.
  • Designating the Federal building and United States courthouse located at 200 West 2nd Street in Dayton, Ohio, as the ``Walter H. Rice Federal Building and United States Courthouse'':
    • The House agreed to discharge from committee and pass S. 2377, to designate the Federal building and United States courthouse located at 200 West 2nd Street in Dayton, Ohio, as the ``Walter H. Rice Federal Building and United States Courthouse''.

 

Today

  • The House will meet to consider resolutions pertaining to the lying in state of the 41st president of the United States, George H. W. Bush. No votes are expected.

 

THE SENATE

 

Friday

  • The Senate was not in session.

 

Today

  • Following leader remarks, the Senate will resume consideration of Executive Calendar #1153, Bernard L. McNamee, of Virginia, to be a Member of the Federal Energy Regulatory Commission.
  • At 5:30pm, the Senate will vote on the motion to invoke cloture on the McNamee nomination.
  • Monday at 5:30pm – 1 roll call vote
    • 1.  Motion to invoke cloture on Executive Calendar #1153, Bernard L. McNamee, of Virginia, to be a Member of the Federal Energy Regulatory Commission.

 

Hearings Covered by W&J Today

 

No hearings scheduled

 

Notable Legislation Introduced

 

Energy

H.R.7211 — 115th Congress (2017-2018)
To amend the Mineral Leasing Act to authorize the Secretary of the Interior to regulate hydraulic fracturing operations on Federal lands, and for other purposes.
Sponsor: Rep. Soto, Darren [D-FL-9] (Introduced 11/30/2018) Cosponsors: (0)
Committees: House - Natural Resources, Energy and Commerce
Latest Action: House - 11/30/2018 Referred to the Committee on Natural Resources, and in addition to the Committee on Energy and Commerce, 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...

 

Tax

H.R.7203 — 115th Congress (2017-2018)
To amend the Internal Revenue Code of 1986 to create long-term care accounts funded by the proceeds of the sale or assignment of life insurance contracts.
Sponsor: Rep. Marchant, Kenny [R-TX-24] (Introduced 11/30/2018) Cosponsors: (1)
Committees: House - Ways and Means
Latest Action: House - 11/30/2018 Referred to the House Committee on Ways and Means.

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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