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 four bills under suspension of the rules. The Senate will resume consideration of Executive Calendar #19, Paul B. Matey, of New Jersey, to be United States Circuit Judge for the Third Circuit.

THE HOUSE

 

Friday

  • SUMMARY OF LEGISLATIVE BUSINESS
    • Amendments to H.R. 1:
      • Brindisi (D-NY) – Amendment No. 54 - Directs states to equalize polling hours across the state within certain parameters. Provides exceptions for municipalities to set longer hours.
        • - ADOPTED 237 - 188, ROLL CALL 115
      • Neguse (D-CO) – Amendment No. 70 - Allows 16 and 17-year-olds to pre-register to vote ahead of their 18th birthday.
        • - ADOPTED 239 - 186, ROLL CALL 116
      • Kirkpatrick (D-A Z), Gosar (R-AZ) – Amendment No. 71 - Requires verification value of credit cards for the purchase of online advertising.
        • - ADOPTED BY VOICE
      • Golden (D-ME) – Amendment No. 72 - Authorizes the commission to refuse to certify a candidate to participate in the matching public finance program if they have been assessed three or more civil penalties in one or more elections previously and makes a candidate not eligible if there has been a willful violation. References criminal penalties for violations of the law.
        • - ADOPTED BY VOICE
    • Republican MTR on H.R. 1
      • - REJECTED 197 - 228, ROLL CALL 117
    • Passage of H.R. 1 - For the People Act of 2019
      • - PASSED 234 - 193, ROLL CALL 118
    • Approval of the Journal
      • - APPROVED BY VOICE

 

Today

  • The House will meet at 2:00 p.m. for Legislative Business
  • “One Minutes” (Unlimited)
  • **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 (4 bills)
    1. H.R. 1122 – Housing Choice Voucher Mobility Demonstration Act of 2019 (Rep. Cleaver - Financial Services)
    2. H.R. 974 – Federal Reserve Supervision Testimony Clarification Act (Rep. Gottheimer –Financial Services)
    3. H.R. 1414 – FinCEN Improvement Act of 2019 (Rep. Wexton – Financial Services)
    4. H.R. 758 – Cooperate with Law Enforcement Agencies and Watch Act of 2019 (Rep. Hill (AR) – Financial Services)

 

THE SENATE

 

Friday

  • The Senate was not in session.

 

Today

  • The Senate stands adjourned until 3:00pm on Monday, March 11, 2019.
  • Following Leader remarks, the Senate will resume consideration of Executive Calendar #19, Paul B. Matey, of New Jersey, to be United States Circuit Judge for the Third Circuit.
  • At 5:30pm, the Senate will vote on the motion to invoke cloture on the Matey nomination.
  • Monday, March 11th at 5:30pm – 1 roll call vote:
    • 1) Motion to invoke cloture on Executive Calendar #19, Paul B. Matey, of New Jersey, to be United States Circuit Judge for the Third Circuit
  • As a reminder, Senator McConnell has filed cloture on the following nominations:
    • Executive Calendar #19, Paul B. Matey, of New Jersey, to be United States Circuit Judge for the Third Circuit;
    • Executive Calendar #107, Neomi J. Rao, of the District of Columbia, to be United States Circuit Judge for the District of Columbia Circuit; and
    • Executive Calendar #98, William Beach, of Kansas, to be Commissioner of Labor Statistics, Department of Labor.If cloture is invoked on any of the nominations, there would be up to 30 hours of debate prior to a vote on confirmation of the nomination, before proceeding to a cloture vote on the next nomination.

 

Notable Legislation Introduced

 

Energy/Environment

H.R.1650 — 116th Congress (2019-2020)
To clarify that the Bureau of Land Management shall not require permits for oil and gas activities conducted on non-Federal surface estate to access subsurface mineral estate that is less than 50 percent federally owned, and for other purposes.
Sponsor: Rep. Cheney, Liz [R-WY-At Large] (Introduced 03/08/2019) Cosponsors: (4)
Committees: House - Natural Resources
Latest Action: House - 03/08/2019 Referred to the House Committee on Natural Resources.

 

Financial Services

H.R.1661 — 116th Congress (2019-2020)
To provide the National Credit Union Administration Board flexibility to increase Federal credit union loan maturities, and for other purposes.
Sponsor: Rep. Zeldin, Lee M. [R-NY-1] (Introduced 03/08/2019) Cosponsors: (1)
Committees: House - Financial Services
Latest Action: House - 03/08/2019 Referred to the House Committee on Financial Services.

 

Health

H.R.1659 — 116th Congress (2019-2020)
To amend the Public Health Service Act to authorize the Secretary of Health and Human Services to award grants to nursing homes, assisted living facilities, and other long-term care facilities to improve their preparedness for power outages.
Sponsor: Rep. Wilson, Frederica S. [D-FL-24] (Introduced 03/08/2019) Cosponsors: (0)
Committees: House - Energy and Commerce
Latest Action: House - 03/08/2019 Referred to the House Committee on Energy and Commerce.

H.R.1657 — 116th Congress (2019-2020)
To amend title XVIII of the Social Security Act to facilitate the transition to Medicare for individuals enrolled in group health plans, and for other purposes.
Sponsor: Rep. Smucker, Lloyd [R-PA-11] (Introduced 03/08/2019) Cosponsors: (0)
Committees: House - Energy and Commerce, Ways and Means
Latest Action: House - 03/08/2019 Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, 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.

H.R.1656 — 116th Congress (2019-2020)
To amend the Public Health Service Act to provide grants to support initiatives focused on addressing pediatric public health disparities in children's hospitals graduate medical education programs.
Sponsor: Rep. Smucker, Lloyd [R-PA-11] (Introduced 03/08/2019) Cosponsors: (0)
Committees: House - Energy and Commerce
Latest Action: House - 03/08/2019 Referred to the House Committee on Energy and Commerce.

H.R.1655 — 116th Congress (2019-2020)
To provide for enhanced penalties for certain offenses relating to controlled substances containing fentanyl, and for other purposes.
Sponsor: Rep. Reed, Tom [R-NY-23] (Introduced 03/08/2019) Cosponsors: (3)
Committees: House - Judiciary, Energy and Commerce
Latest Action: House - 03/08/2019 Referred to the Committee on the Judiciary, 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.

H.R.1643 — 116th Congress (2019-2020)
To establish a grant program that provides grants to States, Territories of the United States, and Indian tribes for pre-exposure prophylaxis (PrEP) programs, and for other purposes.
Sponsor: Rep. Watson Coleman, Bonnie [D-NJ-12] (Introduced 03/08/2019) Cosponsors: (14)
Committees: House - Energy and Commerce
Latest Action: House - 03/08/2019 Referred to the House Committee on Energy and Commerce.

 

Tax

H.R.1660 — 116th Congress (2019-2020)
To amend the Internal Revenue Code of 1986 to allow employers a credit against income tax for employees who participate in qualified apprenticeship programs.
Sponsor: Rep. Wilson, Frederica S. [D-FL-24] (Introduced 03/08/2019) Cosponsors: (0)
Committees: House - Ways and Means
Latest Action: House - 03/08/2019 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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