Bank of America Faces Congressional Probe Over January 6 Information-Sharing
In the latest development surrounding the investigation into banks’ handling of customer information during the January 6, 2021, Capitol attack, House Judiciary Committee Chairman Jim Jordan has issued a subpoena to Bank of America. This move is part of a broader inquiry into the information-sharing practices between financial institutions and the FBI. Despite some documents being provided, the bank has yet to share the complete filing submitted to the FBI. The investigation, initiated in May, raises concerns about the delicate balance between national security imperatives and consumer privacy rights, potentially influencing future legislation on data privacy in the financial sector. The outcome of these inquiries could set crucial precedents for the handling and sharing of customer information by financial institutions.
Jordan Advances Key Legislative Changes in Recent Cabinet Session
In a significant development, Jordan’s Cabinet, led by Prime Minister Bisher Al-Khasawneh, convened on September 13, 2023, to approve several crucial bylaws and regulations aimed at improving various aspects of governance and society. Expanding Access to Healthcare One of the major highlights of this session was the approval of an amended Civil Health Insurance Bylaw […]
U.S. House lawmakers look to jump-start self-driving legislative push
Two members of the U.S. House of Representatives are launching a bipartisan effort to help revive legislative efforts to boost self-driving vehicles.
U.S. chip industry split over CHIPS act benefits to Intel
Several U.S. semiconductor firms are deliberating whether to oppose a package of chip industry subsidies if the final language of the legislation awaiting a vote in the Senate disproportionately benefits manufacturers like Intel Corp (INTC.O), sources familiar with the matter told Reuters.
Factbox: What is in France’s new inflation-relief package
The French government is set to present a much-awaited package of inflation-relief measures on Wednesday in a first test of its ability to pass sorely needed legislation since it lost control of parliament.
Russia fines foreign firms for alleged data storage violations
A Moscow court said it had fined video streaming service Twitch, social network Pinterest, holiday rental company Airbnb and United Parcel Service (UPS) on Tuesday for refusing to store Russian citizens’ personal data in Russia.
U.S. Chamber of Commerce, others urge Congress to pass privacy legislation
The U.S. Chamber of Commerce, and a long list of other organizations, urged Congress on Thursday to pass “comprehensive privacy legislation” that would prevent the development of an unwieldy patchwork of state laws.
EXCLUSIVE California commission claims retailers violating plastic bag law
Big retailers are breaking California law and misleading consumers by selling plastic shopping bags bearing language and symbols that falsely suggest the bags can be recycled, a state-appointed commission alleged this month.
Taiwan looking at chip cooperation with Eastern European nations
Taiwan is looking at cooperating with three Eastern European countries on semiconductors, a minister said on Thursday, a move likely to find favour in Brussels which has been courting Taiwanese semiconductor firms to manufacture in the bloc.
Biden to tout ‘largest investment’ in climate in Glasgow
President Joe Biden on Monday will try to assure world leaders that the United States can keep its promise to slash greenhouse gas emissions by more than half by the end of the decade, even as the key policies to ensure those reductions remain uncertain, his top climate aides said.
