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Posts Tagged ‘congress’

Proposed amendments to the Volcker Rule could be a lifeline for venture firms hit by market downturn

In the wake of the financial crisis, Congress passed regulations limiting the types of investments that banks could make into private equity and venture capital funds. As cash strapped investors pull back on commitments to venture funds given the precipitous drop of public market stocks, loosening restrictions on the how banks invest cash could be ...

Stocks blast higher on expectation of sweeping federal action

There are no free market fanatics on corporate boards the moment the economy wobbles. Today makes the point, with stocks shooting higher on the back of news that a sweeping federal package of aid and stimulus should soon pass Congress. The goal of the financial package is to blunt the impact of COVID-19-related market disruptions ...

Why Congress isn’t working remotely due to COVID-19

As COVID-19 forces much of America to work from home, the United States Congress — whose 535 members have an average age of 60 — is still operating from Capitol Hill. Why this population (deemed high-risk to the coronavirus) isn’t yet doing legislative business remotely comes down to process, tech and political will. “The House ...

Reset Button is approaching student debt from a new angle

Student loan debt in the U.S. totals $1.5 trillion, and more than 44 million Americans have outstanding student loan debt. According to research by Jason Iuliano, Villanova law professor, a million student loan debtors have filed for bankruptcy in the past five years. However, 99.9 percent of them did not include their student loan debt ...

The US government should stop demanding tech companies compromise on encryption

In a tweet late Tuesday, President Trump criticized Apple for refusing “to unlock phones used by killers, drug dealers and other violent criminal elements.” Trump was specifically referring to a locked iPhone that belonged to a Saudi airman who killed three U.S sailors in an attack on a Florida base in December. It’s only the latest ...

Privacy activists spent a day on Capitol Hill scanning faces to prove that scanning faces should be banned

Activists from Fight for the Future prowled the halls of Congress in "jumpsuits with phone strapped to their heads conducting live ****** recognition surveillance" to "show why this tech should be banned."

They worked their way through the Rayburn building (which houses offices for the House of Reps), livestreaming thousands of face scans to Scancongress.com. ...

After criticism, Homeland Security drops plans to expand airport face recognition scans to US citizens

Homeland Security has confirmed it will not expand face recognition scans to U.S. citizens arriving and departing the country, days after it emerged the agency proposed making the scans for citizens mandatory. The department, whose responsibility is border protection and immigration checks, said in a government filing that it it wanted to “amend the regulations to ...

Congress extends NSA call records collection powers to March

In passing a short-term funding bill to avoid a U.S. government shutdown, Congress has also extended the government’s legal powers allowing it to collect daily millions of Americans’ call records. Buried in a funding bill passed by the House this week was a clause that extended the government’s so-called Section 215 powers, which allow the ...

Despite bans, Giphy still hosts self-harm, hate speech, and child *** abuse content

Image search engine Giphy bills itself as providing “fun and safe way” to search and create animated GIFs. But despite its ban on illicit content, the site is littered with self-harm and child *** abuse imagery, TechCrunch has learned. A new report from Israeli online child protection startup L1ght — previously AntiToxin Technologies — has ...