News published on Federal Newswire in July 2023

News from July 2023


Minutes of the Board's discount rate meetings from May 22 through June 14, 2023

News Release: The Federal Reserve Board on Tuesday released the minutes from its recent meetings to review and determine the discount rates provided to depository institutions through the discount window. Today's minutes cover the Board meetings that occurred from May 22 through June 14.


Grewal: DWAC case shows SEC's 'ongoing commitment to exposing insider trading wherever it occurs'

The SEC has brought insider-trading charges against former DWAC board member Bruce Garelick, Michael Shvartsman and his company Rocket One Capital LLC, and Gerald Shvartsman.


USDA's Vilsack: 'We have asked too much of our federal wildland firefighters for too long in return for too little'

USDA Secretary Tom Vilsack recently called for Congress to take action and provide better pay and support for federal wildland firefighters, emphasizing the need for workforce reforms to address the growing wildfire crisis.


Perry: 'Religious employees must not be forced to choose between their employment and their convictions'

The Supreme Court made a ruling June 29 regarding religious accommodations in the workplace to ensure a better work environment for employees.


Drexel: AI research by U.S. companies in China is 'fueling the repressions in Xinjiang and elsewhere'

Bill Drexel, an associate fellow for the technology and national security program at the Center for a New American Security, said the U.S. unknowingly assisted China’s repressive use of technology.


McDonough: 'There are millions of veterans and survivors across America who are eligible for new health care and benefits'

The VA launched PACT Act Summer VetFest in July to educate veterans, their families and survivors about the law and nudge them into applying for the benefits and health care they have earned.


Federal Reserve Board announces termination of enforcement action with Capital One Financial Corporation

News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below


Treasury's Adeyemo: 'The Homeowner Assistance Fund has helped keep hundreds of thousands of families in their homes'

New data released by the U.S. Department of the Treasury from the Homeowner Aid Fund through March 31, 2023, has revealed a substantial increase in homeowner aid.


Beaudreau: New trustees will 'serve as shepherds of the Trust’s mission to protect and conserve Puerto Rico’s lands and waters'

The U.S. Department of the Interior recently announced three new members on the board of trustees of the Conservation Trust of Puerto Rico.


Granholm: 'Grants will help modernize the electric grid to reduce impacts of extreme weather'

The U.S. Department of Energy recently announced the selection of nine states and three Tribal nations for the third cohort of Grid Resilience State and Tribal Formula Grants, amounting to a combined $207.6 million.


Blumenthal: PGA Tour-LIV hearing ‘about much more than the game of golf’

A Senate subcommittee held a hearing July 11 to examine the controversial PGA Tour/LIV Golf merger.


Cope: Government officials 'must accept the First Amendment obligations that go with using their account for governmental purposes'

The Electronic Frontier Foundation (EFF) is calling on the U.S. Supreme Court to remind government officials who use social media they have obligations to observe the First Amendment when using their official social media accounts.


Bitko: 'ITI agrees with the policy goal of promoting software producers’ adherence to reasonable and risk-based secure software development practices'

The Information Technology Industry Council (ITI) is calling for a standardized and transparent procedure for software developers to self-certify secure software development methods.


Quinn: 'Grants help ensure future generations of Americans will appreciate the legacies of veterans'

In accordance with the Veterans Legacy Program, which provides funds to educational institutions and nonprofit groups, the National Cemetery Administration of the Department of Veterans Affairs announced six awards totaling more than $2,187,800.


Holistic Capital Review

News Release: Thank you to the Bipartisan Policy Center for the opportunity to speak today. I'm here to report on my holistic review of capital for large banks and to outline steps that I believe are appropriate to update our capital standards so that banks can continue to serve our communities, households, and businesses.1


Vilsack on meat, poultry processing expansion: 'USDA is committed to championing meat and poultry processors'

In a June 29 press release, the USDA announced investments to enhance independent meat and poultry processing capacity, expand market opportunities for farmers, and support the rural workforce.


Currency Wars and Beyond: Shihoko Goto on How China's Bold Moves are Reshaping Asia's Financial Landscape

Shihoko Goto is the Director of Geoeconomics and Indo-Pacific Enterprise and Deputy Director of the Asia Program at the Wilson Center. She previously worked at The World Bank.


Becerra: HHS 'isn't letting anything get in our way of delivering lower drug costs for Americans'

The U.S. Department of Health and Human Services has released revised drug price negotiation guidance from the Centers for Medicare and Medicaid Services.


OCR's Ranier: Patient information must be protected 'and not accessible to just anyone with an internet connection'

A Kentucky-based business that provides services to the healthcare industry has agreed to pay $75,000 and implement corrective actions to settle alleged violations of patient privacy.


Former regulators on SEC lawsuits against crypto companies: 'These enforcement actions, in themselves, are unlikely to bring about a significant improvement in investor protection'

Timothy Massad, a former chairman of the Commodity Futures Trading Commission (CFTC), and Jay Clayton, a former chairman of the Securities and Exchange Commission (SEC), said in a Wall Street Journal opinion piece that although they support enforcement in the digital asset industry, they believe that lawsuits alone are not the solution to regulating the industry.