News from January 2024
By Federal Newswire | Jan 12, 2024
U.S. Senators JD Vance (R-Ohio) and Thom Tillis (R-N.C.) have voiced their concerns over the breach of the U.S. Securities and Exchange Commission's (SEC) official account, asserting that it confused investors, impacted Bitcoin's price, and contradicted the SEC's mission. In a letter dated Jan. 9 to SEC Chair Gary Gensler, the senators sought answers to several questions about the breach by Jan. 23.
By Federal Newswire | Jan 12, 2024
The Internal Revenue Service (IRS) has implemented new strategies under the Inflation Reduction Act to recover a larger share of taxes owed by large corporations and complex partnerships. To date, over half a billion dollars have been recouped through these new measures.
By Federal Newswire | Jan 12, 2024
A U.S. Navy Sailor has been sentenced to 27 months in prison for their role in transmitting sensitive U.S. military information to Chinese intelligence. The individual, Officer Thomas Zhao, provided information to the People's Republic of China (PRC) in exchange for bribery payments.
By Federal Newswire | Jan 12, 2024
The U.S. Securities and Exchange Commission (SEC) has accused Morgan Stanley and its former executive, Pawan Passi, of fraud in block trading businesses. The company has agreed to pay over $249 million to settle the fraud charges as well as for failing to enforce information barriers.
By Federal Newswire | Jan 12, 2024
In 2022, the Inflation Reduction Act was enacted, marking a significant move by the government towards promoting clean energy to mitigate climate change. The tax credits derived from this act are expected to finance upgrades for school facilities and aid in reducing their energy bills.
By Federal Newswire | Jan 12, 2024
U.S. Border Patrol agents from the Ramey Sector successfully foiled a maritime smuggling attempt near Aguadilla, Puerto Rico, as reported by Chief Patrol Agent Desi D. Deleon in a social media post. The Ramey Sector oversees 730-shore border miles across Puerto Rico and the U.S. Virgin Islands.
By Federal Newswire | Jan 12, 2024
The Department of Commerce and Microchip Technology Inc. have finalized an agreement to allocate $162 million in federal incentives from the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act. The objective is to bolster America's supply chain by increasing the production of semiconductors within the country.
By Federal Newswire | Jan 12, 2024
Open Markets, a civil society group, has joined forces with other organisations to call for an investigation into Microsoft's $13 billion partnership with OpenAI. The coalition submitted their concerns to the Competition and Markets Authority (CMA), highlighting the potential anti-competitive implications of the partnership.
By Federal Newswire | Jan 12, 2024
Washington, D.C. — Today, U.S. Senator Patty Murray (D-WA), Chair of the Senate Appropriations Committee, spoke at this afternoon's Senate Democratic leadership press conference about her efforts to hammer out the strongest possible bicameral, bipartisan appropriations bills.
By Federal Newswire | Jan 11, 2024
The Lown Institute has announced the publication of the seventh edition of its Shkreli Awards, which highlight the most egregious instances of profiteering and dysfunction within the healthcare industry.
By Federal Newswire | Jan 11, 2024
The U.S. Department of Housing and Urban Development (HUD) has recently announced its new policy for addressing radon in the environmental review process. Radon, a colorless, odorless, and tasteless radioactive gas, is now to be considered in the environmental review process for HUD-funded programs and projects.
By Federal Newswire | Jan 11, 2024
U.S. Border Patrol agents in the Tucson sector recently thwarted a human smuggling attempt, resulting in the apprehension of seven undocumented migrants, as announced by Chief Jason Owens on X (formerly Twitter).
By Federal Newswire | Jan 11, 2024
The American Civil Liberties Union (ACLU) has publicly thanked the congressional members responsible for introducing the Affordable Connectivity Program (ACP) Extension Act. This proposed legislation would allocate $7 billion to the ACP, a program that currently provides discounted high-speed Internet access to over 22 million households.
By Federal Newswire | Jan 11, 2024
Children from low-income households who are part of the free and reduced lunch program will have two meal options during this year's summer recess: meals provided by the school district or Summer Electronic Benefit Transfer (EBT). A recent survey conducted by the Urban Institute sheds light on which option these families prefer.
By Federal Newswire | Jan 11, 2024
Utah's Attorney General, Sean D. Reyes, has led a comment letter on behalf of 25 states to the U.S. Securities and Exchange Commission (SEC) regarding a recent proposed rule change. This change would permit the New York Stock Exchange (NYSE) to list "Natural Asset Companies" (NACs) on the exchange for public interest. The letter was published on January 9, following the SEC's decision to reopen the comment period on the proposed rule change.
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By Federal Newswire | Jan 11, 2024
The U.S. Securities and Exchange Commission's (SEC) social media account was recently compromised, leading to the dissemination of false information regarding the approval of a bitcoin exchange-traded fund (ETF). This caused an initial surge in bitcoin prices before they plummeted. The incident has sparked calls from lawmakers and crypto industry participants for SEC Chair Gary Gensler to clarify how the breach occurred.
By Federal Newswire | Jan 11, 2024
Brad Simon, the acting chief patrol agent of the U.S. Border Patrol Detroit sector, recently utilized social media to raise awareness about Human Trafficking Awareness Day. He provided valuable information for citizens on the actions they can take if they suspect someone is involved in human trafficking.
By Federal Newswire | Jan 11, 2024
A Honduran national has been sentenced to prison for illegal possession of a firearm, as announced by Samuel Briggs II, the acting chief patrol agent of the U.S. Border Patrol Miami sector, via a social media post. The case was investigated by the West Palm Beach office of the Border Patrol following the individual's arrest during a traffic stop.
By Federal Newswire | Jan 11, 2024
The United States Customs and Border Patrol (CBP) has reported a surge in Chinese migrants attempting to enter the country via the Southwestern border during FY2023. This data, which is available on the CBP's official government site, shows a significant increase compared to previous years.
By Federal Newswire | Jan 11, 2024
David L. Kanagy, the executive director and CEO of the Society for Mining, Metallurgy, and Exploration (SME), has expressed his concerns to the Securities and Exchange Commission (SEC) regarding the proposed Natural Asset Company (NAC) rule. In a recent letter to Sherry R. Haywood, assistant secretary of the SEC, Kanagy argued that the proposed rule is against public interest as it would increase reliance on foreign minerals and mining.
