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Commerce
Schuster: ‘PIMCO failed to comply’ with critical obligations
An American investment management firm that concentrates on active fixed-income management has agreed to pay a combined $9 million penalty after the U.S. Securities and Exchange Commission found that the company violated disclosure plus policies and procedures law.
Rainer: Data breaches 'are a recurring issue across the healthcare industry'
Yakima Valley Memorial Hospital reached a settlement with the Office for Civil Rights of the U.S. Department of Health and Human Services following an investigation under the Health Insurance Portability and Accountability Act of 1996.
Web3/Crypto
Ferreira: Bit2Me funding ‘will be a boost to get new clients’
A prominent crypto exchange based in Spain has progressed in its growth strategy by raising 14 million euros in part to expand into Latin America.
News
Week ending June 10: 9 notices published by Federal Reserve System
There were nine notices published by the Federal Reserve System in week ending June 10, according to the Federal Register.
Barkoff: 'Proposed rule will strengthen the system of support that allows millions of older adults to stay in their own homes'
The U.S. Administration for Community Living is seeking input on proposed revisions to the rules governing its Older Americans Act (OAA) programs.
Justice
Gallagher: 'Small businesses are on the front lines of the economic war' CCP wages against U.S.
U.S. Reps. Mike Gallagher (R-Wisc.) and Roger Williams (R-Texas)co-authored a letter to U.S. Attorney General Merrick Garland requesting a comprehensive explanation on the Department of Justice's ongoing initiatives for safeguarding American small businesses from intellectual property theft by the Chinese Communist Party.
Healthcare
Severino: 'HHS bureaucrats are threatening pro-life professionals and medical providers'
A letter, written by several organizations who monitor public policy, was sent to the U.S. Department of Health and Human Services secretary challenging the proposed HIPAA rules as "arbitrary and capricious."
Agriculture
Vilsack: 'Our world's ecosystem and food supply greatly rely on pollinators'
The USDA publicly recognized National Pollinator Week, which took place in June 19-25. Their observance of this week has the aim of raising awareness in the public about pollinators, which are essential for the world's food supply.
Commerce
Levine: 'Proposed order makes it easier for parents to protect their children’s privacy on Xbox'
The Federal Trade Commission recently ordered Microsoft to pay a $20 million fine for illegally collecting personal information from children without parental consent.
News
Opening Remarks
News Release: Thank you, President Mester. It is really a pleasure to be here in Cleveland to join you for this Fed Listens event. I'm especially pleased to be a part of today's discussions about how the economy continues to evolve in the post-pandemic environment.1
Commerce
Raimondo: 'Access to Internet is no longer a luxury'
U.S. Department of Commerce's National Telecommunications and Information Administration recently announced more than $930 million to expand and strengthen the nation's high-speed internet.
Justice
Thompson: 'High priority' placed on 'cases involving children'
A West Virginia man was found guilty of receiving child pornography and possessing prepubescent child porn.
Healthcare
Genetic testing company 1Health.io accused of not securing sensitive genetic and health data
Samuel Levine of the Federal Trade Commission said it is not acceptable by FTC standards for companies to rewrite privacy policies after obtaining data. A June 16th press release from the FTC expressed charges against genetic testing company 1Health.io, formerly known as Vitagene.
News
Semiannual Monetary Policy Report to the Congress
News Release: Chairman McHenry, Ranking Member Waters, and other members of the Committee, I appreciate the opportunity to present the Federal Reserve's semiannual Monetary Policy Report.
Big Tech
Oxman: Applauds 'efforts to modernize and reform the U.S. tax code and advance U.S. competitiveness'
The Information Technology Industry Council, an industry trade group, recently applauded the introduction of the Build It in America Act.
Becerra: HHS 'stands ready to help' states to ensure Medicaid coverage continues
U.S. Department of Health and Human Services Sec. Xavier Becerra has sent a second letter to state governors emphasizing the importance of maintaining Medicaid coverage for eligible individuals and families.
Commerce
Crédit Mutuel Alliance Fédérale, Euro-Information continue collaboration with IBM to shape bank’s quantum future
IBM, Crédit Mutuel Alliance Fédérale and Euro-Information recently announced their sustained investment in quantum computing.
Antitrust
Durbin: 'We all know the vital role that local newspapers and broadcasters play in informing the public'
A bipartisan bill that would allow news organizations to band together and negotiate with Big Tech platforms for fair compensation for the use of their news content has advanced to the full Senate.
Justice
Goitein: Foreign Intelligence Surveillance Act 'doesn't justify warrantless surveillance'
Liberty and National Security Program co-director Elizabeth Goitein criticized the FBI's alleged abuse of the Foreign Intelligence Surveillance Act.
Justice
Williams: Man sentenced for helping 'cyber criminals throughout the world to spread malware that stole confidential financial information'
The U.S. Department of Justice recently announced the sentencing of a Romanian national who operated a “bulletproof hosting” service that facilitated the distribution of destructive malware.
China
McCaul: 'It is extremely shameful the Biden administration continues begging the CCP for talks'
President Joe Biden's administration's weak response to Chinese incursions on the United States "is extremely shameful," U.S. House Foreign Affairs Committee Chairman Michael McCaul said in a statement last week.
Commerce
Raghavan: New information system can ‘connect small suppliers to more opportunities in the supply chain’
A nationwide network that partners with U.S. manufacturers has given approximately $400,000 each to its centers to help develop programs to make domestic supply chains more resilient and efficient.
Homeland
Mayorkas: ‘Toolkit will aid in the detection and prevention of human trafficking crimes in Tribal gaming and hospitality settings’
Tribal gaming and hospitality professionals now have access to a new human trafficking awareness toolkit developed by the U.S. Department of Homeland Security and other agencies.
Commerce
EC's Vestager: If Google's adtech 'practices are illegal, we need to ensure that they are brought effectively to an end'
The European Commission announced measures taken in its investigation of Google, according to a June 14 statement release.
Commerce
ITIF's Ezell: 'It's time for the U.S. government to reassert itself as a global champion for IP'
The ITIF, a think tank for science and technology policy, has released a report it says refutes nine points that critics often use to lobby for weaker intellectual property oversight.