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 Bernard L. McNamee, to be a Member of the Federal Energy Regulatory Commission.

 

THE HOUSE

 

Yesterday

  •  The House was not in session

 

Today

  • The House is not in session.

 

THE SENATE

 

Yesterday

  • Measures Passed:
    • Alaska Remote Generator Reliability and Protection Act:
      • Senate passed S. 1934, to prevent catastrophic failure or shutdown of remote diesel power engines due to emission control devices, after agreeing to the committee amendment in the nature of a substitute.
    • Anwar Sadat Centennial Celebration Act:
      • Senate passed H.R. 754, to award the Congressional Gold Medal to Anwar Sadat in recognition of his heroic achievements and courageous contributions to peace in the Middle East.
    • Asia Reassurance Initiative Act:
      • Senate passed S. 2736, to develop a long-term strategic vision and a comprehensive, multifaceted, and principled United States policy for the Indo-Pacific region, after agreeing to the committee amendment in the nature of a substitute, and the following amendment proposed thereto:
        • McConnell (for Gardner) Amendment No. 4068, of a perfecting nature.
    • Museum and Library Services Act:
      • Senate passed S. 3530, to reauthorize the Museum and Library Services Act, after agreeing to the committee amendments.
    • Authorizing the Printing of a Commemorative Document:
      • Senate agreed to S. Con. Res. 57, authorizing the printing of a commemorative document in memory of the late President of the United States, George Herbert Walker Bush.
    • McNamee Nomination--Agreement:
      • A unanimous-consent agreement was reached providing that at approximately 2:30 p.m., on Wednesday, December 5, 2018, Senate resume consideration of the nomination of Bernard L. McNamee, of Virginia, to be a Member of the Federal Energy Regulatory Commission, with the time until 4 p.m., equally divided between the two Leaders or their designees.

 

Today

  • The Senate stands adjourned until 2:30pm on Wednesday, December 5, 2018.
  • 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. The time until 4:00pm will be equally divided.
  • At 4:00pm, the Senate will vote on the motion to invoke cloture on the McNamee nomination.
  • Wednesday, December 5th at 4:00pm – 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

 

Axios
The Reality of the Artificial

 

Notable Legislation Introduced

 

Financial Services

S.3703 — 115th Congress (2017-2018)
A bill to reauthorize the National Flood Insurance Program.
Sponsor: Sen. Rubio, Marco [R-FL] (Introduced 12/04/2018) Cosponsors: (3)
Committees: Senate - Banking, Housing, and Urban Affairs
Latest Action: Senate - 12/04/2018 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 

Health

S.3702 — 115th Congress (2017-2018)
A bill to amend title XIX of the Social Security Act to prevent the misclassification of drugs for purposes of the Medicaid drug rebate program.
Sponsor: Sen. Wyden, Ron [D-OR] (Introduced 12/04/2018) Cosponsors: (1)
Committees: Senate - Finance
Latest Action: Senate - 12/04/2018 Read twice and referred to the Committee on Finance.

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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