News published on Federal Newswire in August 2023

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News from August 2023

Lawmakers: 'U.S. export control policy towards the [People's Republic of China] should not be up for negotiation'
Lawmakers: 'U.S. export control policy towards the [People's Republic of China] should not be up for negotiation'

By Federal Newswire Report | Aug 18, 2023

A number of lawmakers recently wrote a joint letter to Secretary of Commerce Gina Raimondo who is expected to join a Chinese working group to discuss U.S. exports.

Vilsack: 'Mexico’s approach to biotechnology is not based on science'
Vilsack: 'Mexico’s approach to biotechnology is not based on science'

By Federal Newswire Report | Aug 18, 2023

U.S. Secretary of Agriculture Tom Vilsack said the United States requested the establishment of a dispute settlement panel with Mexico due to Mexico's non-scientific approach to agricultural biotechnology policies.

Debate heats up over credit card swipe fee legislation: Main Street vs. Wall Street
Debate heats up over credit card swipe fee legislation: Main Street vs. Wall Street

By Federal Newswire Report | Aug 18, 2023

A bipartisan group of Senators has reignited the controversy over credit card swipe fees by reintroducing the Credit Card Competition Act (S. 1838).

Empowering Communities: A Conversation with Rev. Corey Brooks on Faith, Activism, and Transforming Lives in Chicago
Empowering Communities: A Conversation with Rev. Corey Brooks on Faith, Activism, and Transforming Lives in Chicago

By Federal Newswire | Aug 18, 2023

Reverend Corey Brooks is a pastor, author, community activist, and the founder and senior pastor of New Beginnings Church of Chicago. He is also the founder and CEO of the non-profit organization, Project H.O.O.D.

Federal Reserve Board issues enforcement action with Farmington State Bank, and its holding company, FBH Corporation
Federal Reserve Board issues enforcement action with Farmington State Bank, and its holding company, FBH Corporation

By Federal Newswire | Aug 18, 2023

News Release: The Federal Reserve Board on Thursday announced an enforcement action against Farmington State Bank, of Farmington, Washington, and its holding company, FBH Corporation. In 2022, Farmington improperly changed its business plan without notifying the bank's supervisors and obtaining prior approval for those changes. Farmington has previously announced that it will voluntarily sell its loans and deposits to the Bank of Eastern Oregon.

Kiggans: 'Ensuring that we have the proper safeguards in place to protect our most critical infrastructure is of paramount importance'
Kiggans: 'Ensuring that we have the proper safeguards in place to protect our most critical infrastructure is of paramount importance'

By Federal Newswire Report | Aug 18, 2023

Amidst mounting concerns of cyber threats, Congresswoman Jen Kiggans, R-Va., launched a resolute effort to safeguard the nation from potential attacks.

U.S. Bureau Grants $501 Million Loan to Boost I-25 Improvements in Colorado
U.S. Bureau Grants $501 Million Loan to Boost I-25 Improvements in Colorado

By Samantha Anderson | Aug 18, 2023

The U.S. Build America Bureau awarded a $501 million low-interest loan to the Colorado Transportation Investment Office in a strategic move to significantly upgrade a 61-mile stretch of the I-25 highway.

Jagwe: 'OpenUSD makes it so much easier to transport all the textures and characters together in one place for animation'
Jagwe: 'OpenUSD makes it so much easier to transport all the textures and characters together in one place for animation'

By Federal Newswire Report | Aug 18, 2023

Reallusion recently released an update to the iClone Omniverse Connector, a software used by creators and developers to enhance their workflows in 3D character animation and digitalization.

Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by the Hawaii Wildfires
Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by the Hawaii Wildfires

By Federal Newswire | Aug 18, 2023

News Release: The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Hawaii Department of Commerce and Consumer Affairs' Division of Financial Institutions, the National Credit Union Administration, and the Office of the Comptroller of the Currency, collectively the agencies, ...

Buttigieg: "Through this investment, we are repairing or removing hundreds of culverts nationwide, protecting jobs, mitigating the risk of flooding, and strengthening local economies.”
Buttigieg: "Through this investment, we are repairing or removing hundreds of culverts nationwide, protecting jobs, mitigating the risk of flooding, and strengthening local economies.”

By Federal Newswire Report | Aug 18, 2023

On August 16, 2023, the FHWA announced a $196 million investment to 59 Tribal, state, and local governments for repairing or removing 169 culvert barriers, enhancing fish passage across freshwater waterways.

KPH makes a motion to settle for $246.75 million over alleged anti-competitive practices in HIV drug market
KPH makes a motion to settle for $246.75 million over alleged anti-competitive practices in HIV drug market

By Ashley Haley | Aug 18, 2023

KPH Healthcare Services has sought preliminary court approval for a $246.75 million class-action settlement with Gilead Sciences over alleged anti-competitive practices involving the delay of generic HIV drug alternatives, according to court documents.

Grewal: 'You cannot escape liability by simply changing labels or altering descriptions'
Grewal: 'You cannot escape liability by simply changing labels or altering descriptions'

By Federal Newswire Report | Aug 18, 2023

Bittrex, a platform for trading crypto assets, along with its former CEO, has chosen to settle the charges levied by the U.S. Securities and Exchange Commission for operating an unregistered exchange, broker and clearing agency.

Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company discussed on Aug. 17 by Federal Reserve System
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company discussed on Aug. 17 by Federal Reserve System

By Federal Newswire | Aug 18, 2023

The US Federal Reserve System published a two page notice on Aug. 17, according to the U.S. Government Publishing Office.

Nelson: 'We remain committed to exposing and disrupting the arms trade underpinning Putin’s brutal war in Ukraine'
Nelson: 'We remain committed to exposing and disrupting the arms trade underpinning Putin’s brutal war in Ukraine'

By Federal Newswire Report | Aug 18, 2023

The U.S. Department of the Treasury's Office of Foreign Assets Control recently imposed sanctions on three entities for their involvement in a sanctions evasion network attempting to facilitate arms deals between Russia and the Democratic People's Republic of Korea.

NFIB: 'Forty-two percent of small business owners (seasonally adjusted) reported job openings they could not fill'
NFIB: 'Forty-two percent of small business owners (seasonally adjusted) reported job openings they could not fill'

By Emily Bevard | Aug 17, 2023

The National Federation of Independent Business (NFIB) said in a recent press release that 42% of small business owners said they had job openings that they were unable to fill.

University of Chicago agrees to $13.5 million settlement in antitrust lawsuit: 'The University of Chicago is committed to removing financial barriers for undergraduate students'
University of Chicago agrees to $13.5 million settlement in antitrust lawsuit: 'The University of Chicago is committed to removing financial barriers for undergraduate students'

By Andy Nghiem | Aug 17, 2023

On Aug. 7, the University of Chicago agreed to a $13.5 million settlement in an antitrust lawsuit involving prestigious institutions. Allegations include a cartel-like agreement on financial aid principles and sensitive information exchange.

Minutes of the Federal Open Market Committee, July 25-26, 2023
Minutes of the Federal Open Market Committee, July 25-26, 2023

By Federal Newswire | Aug 17, 2023

News Release: The Federal Reserve on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on July 25-26, 2023.

DeSantis: 'Our success is a blueprint for states across the nation looking to protect their communities from Biden's Border Crisis.'
DeSantis: 'Our success is a blueprint for states across the nation looking to protect their communities from Biden's Border Crisis.'

By Federal Newswire Report | Aug 17, 2023

Florida Gov. Ron DeSantis said in a tweet that his administration has made significant strides in defending the state from cross-border criminal activity, citing results from a year of his strike force’s work.

Blinken: U.S., allies efforts 'enabled Ukrainians to fight for their lives, for their freedom, for their future'
Blinken: U.S., allies efforts 'enabled Ukrainians to fight for their lives, for their freedom, for their future'

By Federal Newswire Report | Aug 17, 2023

Secretary of State Antony Blinken recently reaffirmed the U.S.' unwavering commitment to Ukraine's security and sovereignty, highlighting the need to counter Russia's aggressive actions and uphold international peace and security.

Huddleston: 'Many consumers are looking to keep up with trends and products they love via dupes'
Huddleston: 'Many consumers are looking to keep up with trends and products they love via dupes'

By Federal Newswire Report | Aug 17, 2023

Jennifer Huddleston, of the Cato Institute, warned proposed antitrust law changes may limit retailers like Amazon from offering "dupes," affordable alternatives to popular products, impacting consumer choice and affordability.

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