News from July 2023
Haaland: New national monument 'a testament to the strength and bravery' of Emmett and of Mamie Till-Mobley
By Federal Newswire Report | Jul 29, 2023
The U.S. Department of the Interior issued a news release July 25 to recognize President Joe Biden's proclamation of a new national monument to honor Emmett Till and Mamie Till-Mobley. The monument is 425th site to be placed under the management of the National Park Service.
Johnson: 'The Mount Rushmore Protection Act makes it very clear that we're not going to use one nickel of taxpayer dollars to try to tear down that monument or to change its name.'
By Federal Newswire Report | Jul 29, 2023
The "Mount Rushmore Protection Act" is sponsored by U.S. Rep. Dusty Johnson, R-S.D., and was discussed at a meeting of the House Natural Resources subcommittee on Federal Lands.
Powell: 'We've covered a lot of ground and the full effects of our tightening are yet to be felt'
By Federal Newswire Report | Jul 29, 2023
The federal government needs to keep fighting inflation, despite a drop of more than 5% compared to last year, Federal Reserve Chair Jerome Powell said.
Human Rights Watch's Fessy on Ituri massacre: 'The Congolese government and UN peacekeepers need to do more to stop the killings'
By Federal Newswire Report | Jul 29, 2023
A June 12 massacre in Ituri province, Democratic Republic of Congo, carried out by Cooperative for the Development of Congo (CODECO) militia has left 46 civilians dead, including 23 children, in a displaced people's camp.
Agencies update guidance on liquidity risks and contingency planning
By Federal Newswire | Jul 29, 2023
News Release: Federal financial institution regulatory agencies today updated their existing guidance on liquidity risks and contingency planning. The updated guidance highlights that depository institutions should regularly evaluate and update their contingency funding plans.
Fudge: 'Today’s announcement shows the Biden-Harris administration’s commitment to lower costs for renters'
By Federal Newswire Report | Jul 29, 2023
President Biden and U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced commitments by major rental housing search platforms, including Zillow, Apartments.com, and AffordableHousing.com, to increase transparency of housing fees.
SVB Securities: 'Second requests require both parties to provide additional information to assess the legality of the transaction'
By Federal Newswire Report | Jul 29, 2023
The Federal Trade Commission has requested more information from Pfizer and Seagen relating to the $43 billion merger proposal, a Seattle biotech Securities and Exchange Commission file revealed.
Mace: DOD's failed travel system implementation 'appears to be rooted in broader management dysfunction'
By Federal Newswire Report | Jul 29, 2023
The House Subcommittee on Cybersecurity, Information Technology and Government Innovation recently scrutinized the Department of Defense (DOD) for its failed effort to replace its antiquated travel system.
Gensler: 'Whether a company loses a factory in a fire — or millions of files in a cybersecurity incident — it may be material to investors'
By Federal Newswire Report | Jul 29, 2023
Public companies in the U.S. now must disclose any cybersecurity incidents they have, as well as their cybersecurity risk management plans, under new rules recently adopted by the U.S. Securities and Exchange Commission (SEC).
Boteach: 'If federal relief dollars are allowed to expire, the child-care workforce shortage will only get worse'
By Federal Newswire Report | Jul 28, 2023
The National Women's Law Center has released a fact sheet that exposes stagnant wage growth in the child-care workers sector, a problem it expects to get worse.
Grewal: 'DWAC failed to disclose its discussions with TMTG'
By Federal Newswire Report | Jul 28, 2023
On July 20, the U.S. Securities and Exchange Commission announced charges against Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC), for material misrepresentation to investors.
NFIB Legal Center Director: 'Small business owners consistently rank unreasonable government regulations as a top problem in running their businesses'
By Federal Newswire Report | Jul 28, 2023
Beth Milito, Executive Director of NFIB’s Small Business Legal Center, said in a recent statement that judicial deference to government agencies is continually an issue for small businesses.
Gensler: 'I thank Natasha and Keith for stepping in on an interim basis to lead the Division of Examinations'
By Federal Newswire Report | Jul 28, 2023
The U.S. Securities and Exchange Commission recently appointed Natasha Vij Greiner and Keith E. Cassidy as interim acting co-directors of the Division of Examinations, effective immediately.
Grewal: SEC 'will continue to use all the tools at our disposal to hold accountable those who abuse their positions'
By Federal Newswire Report | Jul 28, 2023
A British national who resides primarily in the Bahamas and three of his associates were charged by the U.S. Securities and Exchange Commission (SEC) with insider trading. The investor allegedly provided nonpublic information to the others for the purpose of executing illegal trades, resulting in more than $500,000 in profits.
Gensler: 'We live in an historic, transformational age with regard to predictive data analytics and the use of artificial intelligence'
By Federal Newswire Report | Jul 28, 2023
The Securities and Exchange Commission proposed requiring broker-dealers and investment advisers to address possible conflicts of interest related to the use of predictive data analytics and similar technologies.
Rivas: Improperly imported school supplies 'could have potentially caused serious health and safety issues to children'
By Federal Newswire Report | Jul 28, 2023
The recent seizure in San Juan, Puerto Rico, of school supplies without proper safety labeling has federal officials reminding retailers and consumers to be aware of U.S. safety standards.
Chinese obsessions
By Bill King | Jul 28, 2023
It is hard to grasp the timescale of Chinese history and culture, which can be traced back nearly 5,000 years
Levine: Consumers 'should not have to worry that their most private and sensitive health information' is disclosed online
By Federal Newswire Report | Jul 28, 2023
The Federal Trade Commission (FTC) and U.S. Department of Health and Human Services (HHS) recently issued warnings to hospital systems and telehealth providers today about the privacy and security risks associated with online tracking technologies.
CBP: “Smugglers continue to recklessly endanger lives for their own financial gain” at the border
By Federal Newswire Report | Jul 28, 2023
The US Customs and Border Protection (CBP) issued a warning to migrants attempting to cross the border via an illegal smuggling operation. The CBP said in a July tweet that smugglers have continued to risk the lives of others for personal gain and told migrants not to make the life-threatening trip.
Venkatasubramanian: 'It’s the fear of these systems and our lack of understanding of them that is making everyone have a collective freak-out'
By Federal Newswire Report | Jul 28, 2023
Earlier this month, the Federal Trade Commission submitted an extensive Civil Investigative Demand to the maker of ChatGPT.
