Posts with «government» label

Following Mar-a-Lago raid, lawmakers want information from platforms on threats against law enforcement

The FBI’s search of former President Donald Trump's residence inspired a flurry of online death threats directed at law enforcement personnel. Now, members of the House Oversight Committee want information from major social platforms, including the number of threats that have surfaced on their sites and what they’ve done in response. The Washington Postreported that lawmakers on Friday sent letters to eight different platforms, including Meta, Twitter, TikTok and the messaging app Telegram, as well as the right-wing leaning platforms Truth Social, Rumble and Gettr.

“The Committee is seeking to understand how your company responds when users post threats against law enforcement, how your company plans to prevent your platform from being used to incite violence against law enforcement personnel, and whether legislative reform is necessary to protect law enforcement personnel and increase coordination with federal authorities,” wrote House Oversight Committee Chairwoman Carolyn B. Maloney (D-NY) and House national security subcommittee Chairman Stephen F. Lynch (D-MA.) No Republicans signed on to the letter.

Earlier this month a man attempted to break into an FBI field office in Ohio, armed with a nail gun and rifle. The suspect was later shot by officers and pronounced dead at the scene. Media outlets later reported that the suspect posted numerous times about his plans on Trump-owned Truth Social in the days leading up to the attack. “We must not tolerate this one,” the suspect wrote in one post.

So far, only Gab has responded to the Post's request for comment. CEO Andrew Torba sent the Post links to blog posts, one which mentioned it is still "considering" its request to Congress. Gab has ignored a prior request from Congress regarding posts related to the January 6th insurrection, claiming that it does not possess such information. A hacker later exfilterated data from millions of accounts on Gab, including many associated with prominent white supremacists and far-right extremists on the platform." The House panel has given the companies until September 2nd to respond to the request. 

Australia's top court rules Google isn't a publisher

Google has prevailed in its long-running battle over potentially defamatory web links. Australia's High Court has ruled Google wasn't the publisher of a link to a 2004 story in The Age that allegedly tarnished state lawyer George Defteros, who represented people implicated in the Melbourne gangland killings and briefly faced charges himself. As The Guardianreports, five of seven court justices found that the search result link "merely facilitated access" to the story — Google didn't play a part in writing or distributing the content.

The High Court also rebuffed Defteros' claim that search results encouraged users to visit a story. Someone who found that link was already searching for relevant content, the justices said. Some of the justices said the case might have been different if it had been a sponsored link, but that Google's appeal didn't require an answer on the subject.

Defteros sued Google in 2016, accusing the company of defaming him. Google pulled the link in December that year, and lost its initial court fight, but tried to overturn the ruling by arguing that it could have been held liable for the content of any page it linked to — it was worried it would have to "act as censor" for the internet at large. The company didn't succeed with that first appeal, and in 2020 a Victorian supreme court ordered that Defteros receive $40,000 in damages. Google asked the High Court to intervene in January.

The decision could a wide-ranging impact on internet firms operating in Australia. They might not have to worry that search queries or other automatically-generated links could get them into legal trouble. A complainant would have to show there was a deliberate attempt to promote an unflattering piece.

President Biden signs Inflation Reduction Act to limit climate change

President Joe Biden has signed the Inflation Reduction Act of 2022. The sweeping $750 billion legislation includes $369 billion in investments toward climate and clean energy programs. Following months of infighting, House and Senate Democrats passed the bill along party lines last week after Senate Majority Leader Chuck Schumer and Senator Joe Manchin of West Virginia struck a compromise deal on Biden's Build Better Back framework. According to one estimate by Princeton University’s Zero Lab, the bill could reduce US greenhouse emissions by about 6.3 billion tons through 2032. The $369 billion set aside by the bill represents the most significant investment to combat climate change in US history. 

"This bill is the biggest step forward on climate ever, and it's going to allow us to boldly take additional steps toward meeting all of the climate goals we set out when we ran," Biden said before signing the bill. "It includes ensuring that we create clean energy opportunities in frontline and fenceline communities that have been smothered by the legacy of population and fight environmental injustice that has been going on for so long." 

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Inaccurate maps are delaying the Bipartisan Infrastructure Law’s broadband funding

Nearly nine months after Congress passed President Biden’s $1 trillion infrastructure bill, the federal government has yet to allocate any of the $42.5 billion in funding the legislation set aside for expanding broadband service in underserved communities, according to The Wall Street Journal. Under the law, the Commerce Department can’t release that money until the Federal Communications Commission (FCC) publishes new coverage maps that more accurately show homes and businesses that don’t have access to high-speed internet.

Inaccurate coverage data has long derailed efforts by the federal government to address the rural broadband divide. The previous system the FCC used to map internet availability relied on Form 477 filings from service providers. Those documents have been known for their errors and exaggerations. In 2020, Congress began requiring the FCC to collect more robust coverage data as part of the Broadband DATA Act. However, it wasn’t until early 2021 that lawmakers funded the mandate and in August of that same year that the Commission published its first updated map.

Following a contractor dispute, the FCC will publish its latest maps sometime in mid-November. Once they're available, both consumers and companies will a chance to challenge the agency’s data. As a result of that extra step, funding from the broadband plan likely won’t begin making its way to ISPs until the end of 2023, according to one analyst The Journal interviewed.

“We understand the urgency of getting broadband out there to everyone quickly,” Alan Davidson, the head of the Commerce Department unit responsible for allocating the funding, told the Journal. “We also know that we get one shot at this and we want to make sure we do it right.”

President Biden signs CHIPS Act to boost semiconductor production

Following successful votes in the Senate and House of Representatives, President Joe Biden has signed the CHIPS and Science Act into law. The $280 billion measure will provide significant financial assistance to American semiconductor firms. It sets aside $52 billion in tax credits and funding for US chipmakers to expand domestic production. In a rare episode of bipartisan unity, the Senate voted 64-33 in favor of the bill. It was later passed by the House thanks to a 243-187 vote.

“America invented the semiconductor, but over the years we let manufacturing of semiconductors move overseas. As we saw during the pandemic, when the factories that make these chips shut down, the global economy came to a screeching halt, driving up costs for families” Biden said during the ceremony. “A third of the core inflation last year was due to the high price of automobiles, which was driven by the shortage of semiconductors. For the sake of our economy, jobs and national security, we have to make these semiconductors in America again.”

The CHIPS and Science Act is unlikely to affect domestic production immediately. It takes years to build new foundries and upgrade existing ones to increase output. When Intel recently broke ground on two new $20 billion facilities in Arizona, the company said it would take about three years to complete construction on those plants.

The signing comes shortly after House Speaker Nancy Pelosi took a trip to Taiwan, despite warnings from China that there would be “resolute and strong measures” if she went ahead with visit. Before her arrival on the island, Taiwan’s presidential website went down to an apparent cyberattack. The self-governing island is home to Taiwan Semiconductor Manufacturing Company, the most important chip foundry in the world. On its own, TSMC supplies the majority of all semiconductor parts used by US companies.

Senate passes sweeping climate-focused Inflation Reduction Act

After more than a year of infighting, President Joe Biden’s climate agenda has cleared a significant hurdle. On Sunday, Senate Democrats passed the Inflation Reduction Act of 2022 in a 51-50 decision that went along party lines and saw Vice President Kamala Harris cast the tie-breaking vote, reports The Washington Post. If passed by the House, the 755-page bill would authorize the single largest expenditure to combat climate change in the nation’s history. In all, the legislation calls for $370 billion in spending to reduce US greenhouse emissions by approximately 40 percent by the end of this decade.

Among the climate change provisions most likely to affect consumers is a reworked federal EV tax credit. The Inflation Reduction Act would provide up to $7,500 in subsidies for electric SUVs, trucks and vans that cost less than $80,000 and cars under $55,000. It would also allow people to claim up to $4,000 when buying a used EV. In both cases, an income ceiling would prevent those who make more than the average American from taking advantage of the legislation.

On top of EV subsidies, the $370 billion in investments set aside by the bill would incentivize the building of wind, solar and other renewable power sources. The act also calls for the creation of a $1.5 billion program that would pay companies that reduce their methane output.

With Sunday’s vote, the Inflation Reduction Act now moves to the House, which will return from its summer recess on Friday. For much of 2021 and the first half of 2022, President Biden’s Build Back Better plan looked doomed to go nowhere due to opposition from Senator Joe Manchin of West Virginia. In late July, however, Manchin and Senate Majority Leader Chuck Schumer announced they had come to a compromise. 

In exchange for his support, the Inflation Reduction Act includes a provision that would see the federal government reinstate canceled oil and gas leases in the Gulf of Mexico and Alaska's Cook Inlet. While that concession upset environmentalists, it’s not expected to undo the good the Inflation Reduction Act is poised to do for the environment. According to one estimate by Princeton University’s Zero Lab, the bill could reduce US greenhouse emissions by about 6.3 billion tons through 2032.

FCC votes to boost manufacturing in space

The FCC may have just advanced the industrialization of space. Commissioners have voted in favor of an inquiry that will explore in-space servicing, assembly and manufacturing (ISAM). The move would both help officials understand the demands and risks of current in-space production technology while facilitating new projects. This could help companies build satellites and stations in orbit, for instance, while finding new ways to deal with growing volumes of space debris.

The vote helps open a new "Space Innovation" docket at the FCC. It also comes two days after the regulator updated its rules to create more breathing room for satellite broadband frequencies. Expect considerably more space-related developments going forward, then. 

Chairwoman Jessica Rosenworcel saw the inquiry as vital. Existing rules were made for "another era" where space programs were exclusively government-run, she said. The support ISAM will ideally help the FCC adapt to space tourism, huge private satellite constellations and a larger general shift toward commercial spaceflight.

There's plenty of pressure to act. Blue Origin, Axiom and other companies are building commercial space stations, and even NASA is preparing for a time when it might lease space aboard corporate facilities. In-orbit satellite repairs might also prove crucial in minimizing space junk from a wave of privately-operated satellites. While the FCC is only just starting its efforts, the benefits might last for decades.

New York regulators slap Robinhood's crypto business with $30 million fine

In the latest in what seems to be a string of challenges the company has to grapple with, Robinhood's crypto division has been slapped with a $30 million fine by the New York State Department of Financial Services. It's the first crypto-focused enforcement action by the regulator, which has issued the multimillion dollar penalty against Robinhood for what it says are violations against the state's anti-money laundering and cybersecurity regulations. In its announcement, the Financial Services Department said it found significant deficiencies in the company's compliance programs following a supervisory examination.

Apparently, there weren't enough people working in Robinhood's money laundering compliance program. The company also failed to transition from a manual monitoring system, which is no longer sufficient now that it's much larger than when it started. In addition, the department found that policies within Robinhood's cybersecurity program aren't in full compliance with official cybersecurity and virtual currency regulations. 

The New York regulator also mentioned that Robinhood improperly certified compliance with the Department's Transaction Monitoring Regulation and Cybersecurity Regulation. Since it wasn't fully compliant with the state's cybersecurity rules, Robinhood violated the law by claiming compliance. Finally, the regulator said Robinhood failed to adhere to consumer protection requirements by not maintaining a separate phone number (and displaying it on its website) specifically for consumer complaints. 

Superintendent of Financial Services, Adrienne A. Harris, said in a statement:

"As its business grew, Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of compliance—a failure that resulted in significant violations of the Department’s anti-money laundering and cybersecurity regulations. All virtual currency companies licensed in New York State are subject to the same anti-money laundering, consumer protection, and cybersecurity regulations as traditional financial services companies. DFS will continue to investigate and take action when any licensee violates the law or the Department’s regulations, which are critical to protecting consumers and ensuring the safety and soundness of the institutions."

Aside from having to pay $30 million, Robinhood must retain an independent consultant who will evaluate if it has taken the appropriate actions to address its violations and deficiencies under the settlement.

Robinhood also recently announced that it's laying off 23 percent of its workforce due to record inflation and the cryptocurrency crash. It's the company's second round of job cuts this year and will affect employees across divisions. That revelation came after Robinhood published its earnings for the second quarter of 2022, wherein it posted a net loss of $295 million and announced a decrease of 1.9 million in monthly active users. 

House passes CHIPS Act, preparing semiconductor bill to become law

Legislation aimed at boosting US chip production has cleared its last major hurdle. The House of Representatives has passed the CHIPS and Science Act in a 243-187-1 vote, leaving just the reconciliation process and President Biden's signature before the bill becomes law. The equivalent Senate measure passed 64-33 in a vote one day earlier.

The Act is a dialed-down version of previous bills, but promises significant help for American semiconductor manufacturing. It offers more than $52 billion for US chipmakers as well as tax credits for domestic factories. In a statement, the President claimed the bill would lower product costs, create "high-paying" jobs and reduce the country's dependence on foreign chip sources.

Earlier approaches drew objections from both sides of Congress. Republicans were concerned the reconciliation bill would include unrelated climate, health and tax elements. They also said it risked funding Chinese manufacturing. Independent Senator Bernie Sanders, meanwhile, has expressed concerns the bill might reward chip manufacturers already rolling in cash, and was the only non-Republican in the Senate to vote against it.

The CHIPS and Science Act isn't expected to affect production in the short term. It will take companies years to build new factories and otherwise upgrade facilities to tackle chip shortages and improve manufacturing independence. If things play out as its supporters imagine, however, CHIPS will hopefully decrease the severity of future supply chain crunches.

Senate passes bill to boost US chip manufacturing

The US government just crossed a key milestone in its bid to improve domestic chip production and compete with rivals like China. CNBCreports the Senate has passed the CHIPS and Science Act, a bill to fund and incentivize American semiconductor manufacturing, in a 64-to-33 vote. The measure includes over $52 billion for US firms making chips, additional funding for further technology development and tax credits to spur manufacturing investments.

The Act, also known as "CHIPS-plus," is a scaled-back version of bills previously circulating through Congress. Those efforts received opposition across the political spectrum. Republicans objected to earlier measures with accusations that Democrats were pushing a partisan reconciliation bill that would include climate, medicine and tax considerations. There were also concerns funding might inadvertently reach China. Independent Senator Bernie Sanders, meanwhile, was concered that a past variant was a "blank check" to already-profitable chip producers. 

The House will still have to pass and help reconcile counterpart legislation before President Biden can sign the bill into law. That's considered very likely, however, as the Senate has cleared a 60-vote filibuster threshold. The House is expected to pass its version when Democrats only need to wield their majority to succeed.

The expected law is unlikely to have an immediate effect when new factories take years to complete, and upgrades aren't necessarily quicker. It won't address near-term chip shortages. Even so, CHIPS could play an important role in American tech manufacturing. On top of reducing the chances of future shortages, it could reduce the dependence on Taiwan and other semiconductor hubs threatened by countries like China. While there are no guarantees the Act will lead to more jobs and lower prices, it might help the US compete in an increasingly fierce market.