Editor's Note: This is a monthly publication on economic trends and financial policy issues. In this publication you can read "The Longbrake Letter", an analysis of economic trends and conditions written by Bill Longbrake, as well as commentary on financial regulation and policy written by members of the law firm Barnett, Sivon & Natter, P.C., a Washington, DC based law firm that specializes in financial services law. The lawyers in the firm are also counsel to the international law firm, Squire Patton Boggs.

ISSUE: #77, December 2016

The Longbrake Letter - Assessment of 2016 Forecasts; Outlook for 2017
- Bill Longbrake
This month's Longbrake letter consists of two parts.

Part I is a final assessment of observations Bill made a year ago about how the U.S. and global economies might fare in 2016. As one might expect, Bill's track record is mixed. The U.S. and global economies are dynamic and ever changing. Some trends are foreseeable. But, governmental policy intervention, whether it be political or economic, can alter outcomes and set in motion feedbacks that significantly affect economic developments. In this respect, 2016 was no different from any previous year. Part I also includes commentary about key U.S. and global economic and political developments that seem possible, perhaps likely, in 2017, along with a list of possible risks that could derail expected developments.

The Longbrake Letter Long-Run U.S. Economic Outlook Scenarios
- Bill Longbrake
This month's Longbrake letter consists of two parts.

Part II of December's Longbrake letter explores a 10-year economic outlook for a variety of measures of economic activity and compares four of Bill's scenarios with projections of other professionals including the Congressional Budget Office.

Financial Regulatory Appointments in the New Administration
- Bob Barnett
The absence of filibuster and the alignment of parties in the Congress and Administration, as well as the impending expiration of many terms of regulators in the financial services sector leads to an ability of this Administration to put its imprint on financial services regulation very quickly.

The Filibuster Rules in the U.S. Senate
- Ray Natter
In light of the election of a Republican President and Congress, attention has focused on the use of the filibuster to protect the interests of the minority party. This article provides an overview of the filibuster procedure and the rules by which a filibuster may be brought to closure.

FinTech is Coming: OCC Charter Proposal
- Katie Wechsler and Jim Sivon
The OCC recently announced plans to accept applications from FinTech companies for a special purpose national bank charter. This Squire Patton Boggs client alert written by Katie Wechsler, Jim Sivon, Matthew Cutts, and Brandon Roman provides a review of that announcement.