PublicationsInsights on Current Policy Issues

  • December 17, 2018

    By David E. Franasiak, Joel G. Oswald, Leah H. Kim, and Rebecca L. Konst

    This memorandum provides an update of federal action on cryptocurrencies, including enforcement and guidance. It also provides a summary of Congressional activity relating to cryptocurrencies and blockchain technology.

     

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  • 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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The House will consider six bills under suspension of the rules. The Senate will resume consideration of the motion to proceed to S.1, to make improvements to certain defense and security assistance provisions and to authorize the appropriation of funds to Israel, to reauthorize the United States-Jordan Defense Cooperation Act of 2015, and to halt the wholesale slaughter of the Syrian people.

 

THE HOUSE

Yesterday

  • The House was not in session.

Today

  • Following one minute speeches, the House is expected to recess until approximately 4:00 p.m. At that time the House will reconvene to consider the bills listed for consideration under suspension of the Rules. Any recorded votes requested will be postponed until 6:30 p.m.
  • Suspensions (6 bills)
    •  H.R. __ – Medicaid Extenders Act of 2019 (Rep. Pallone – Energy and Commerce)
    •  H.R. __ – Pandemic and All-Hazards Preparedness and Advancing Innovation Act of 2019 (Rep. Eshoo – Energy and Commerce)
    •  H.R. 251 – Chemical Facility Anti-Terrorism Standards Program Extension Act (Rep. Thompson (MS) – Homeland Security)
    •  H.R. 226 – Clarity on Small Business Participation in Category Management (Rep. Velazquez – Small Business)
    •  H.R. 227 – Incentivizing Fairness in Subcontracting Act (Rep. Velazquez – Small Business)
    •  H.R. 128 – Small Business Advocacy Improvements Act (Rep. Comer – Small Business)

 

THE SENATE

Yesterday

  • The Senate was not in session.

Today

  • The Senate stands adjourned until 3:00pm on Tuesday, January 8, 2019.
  • Following leader remarks, the Senate will resume consideration of the motion to proceed to S.1, to make improvements to certain defense and security assistance provisions and to authorize the appropriation of funds to Israel, to reauthorize the United States-Jordan Defense Cooperation Act of 2015, and to halt the wholesale slaughter of the Syrian people, and for other purposes.
  • We expect Rick Scott to be sworn-in as the Senator from the State of Florida at 4:00pm.
  • At 5:30pm, the Senate will vote on the motion to invoke cloture on the motion to proceed to S.1.
  • Tuesday at 5:30pm – 1 roll call vote
    • Motion to invoke cloture on the motion to proceed to S.1: to make improvements to certain defense and security assistance provisions and to authorize the appropriation of funds to Israel, to reauthorize the United States-Jordan Defense Cooperation Act of 2015, and to halt the wholesale slaughter of the Syrian people, and for other purposes

 

Hearings Covered by W&J Today

No hearings scheduled

 

Notable Legislation Introduced

Financial Services

H.R.241 — 116th Congress (2019-2020)
To amend the Bank Service Company Act to provide improvements with respect to State banking agencies, and for other purposes.
Sponsor: Rep. Williams, Roger [R-TX-25] (Introduced 01/04/2019) Cosponsors: (0)
Committees: House - Financial Services
Latest Action: House - 01/04/2019 Referred to the House Committee on Financial Services.

 

Health

H.R.260 — 116th Congress (2019-2020)
To extend the Medicaid Money Follows the Person Rebalancing demonstration, to extend protection for Medicaid recipients of home and community-based services against spousal impoverishment, to extend the Temporary Assistance for Needy Families program, and for other purposes.
Sponsor: Rep. Pallone, Frank, Jr. [D-NJ-6] (Introduced 01/04/2019) Cosponsors: (2)
Committees: House - Ways and Means, Energy and Commerce, Budget
Latest Action: House - 01/04/2019 Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and the Budget, 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.259 — 116th Congress (2019-2020)
To extend the Medicaid Money Follows the Person Rebalancing demonstration, to extend protection for Medicaid recipients of home and community-based services against spousal impoverishment, and for other purposes.
Sponsor: Rep. Pallone, Frank, Jr. [D-NJ-6] (Introduced 01/04/2019) Cosponsors: (1)
Committees: House - Energy and Commerce, Budget
Latest Action: House - 01/04/2019 Referred to the Committee on Energy and Commerce, and in addition to the Committee on the Budget, 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 concerned.

H.R.249 — 116th Congress (2019-2020)
To amend the ICCVAM Authorization Act of 2000 to improve reporting about animal testing and alternative test method use by Federal agencies, and for other purposes.
Sponsor: Rep. Calvert, Ken [R-CA-42] (Introduced 01/04/2019) Cosponsors: (2)
Committees: House - Energy and Commerce
Latest Action: House - 01/04/2019 Referred to the House Committee on Energy and Commerce.

 

Tax

H.R.257 — 116th Congress (2019-2020)
To amend the Internal Revenue Code of 1986 to repeal the limitation on deduction for State and local taxes, and for other purposes.
Sponsor: Rep. King, Peter T. [R-NY-2] (Introduced 01/04/2019) Cosponsors: (1)
Committees: House - Ways and Means
Latest Action: House - 01/04/2019 Referred to the House Committee on Ways and Means.

PublicationsInsights on Current Policy Issues

  • December 17, 2018

    By David E. Franasiak, Joel G. Oswald, Leah H. Kim, and Rebecca L. Konst

    This memorandum provides an update of federal action on cryptocurrencies, including enforcement and guidance. It also provides a summary of Congressional activity relating to cryptocurrencies and blockchain technology.

     

    Read...

    Read More
  • 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

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