Podcast appearances and mentions of tony romm

The self-appointed voice of techbros and “effective accelerationism,” Y Combinator CEO Garry Tan is a prime example of a common archetype in Bay Area tech - a libertarian who wants socialism, but only for corporations. Emily Mills (@sf_mills on Twitter/X) does the undervalued job of keeping track of some of the richest people in the Bay, and which politicians and campaigns they're spending their money on, including Garry. Taping of an evening with Garry Tan, featuring Martin Shkreli, hosted by techbro hype house AGI House: youtube.com/watch?v=xMRlKPqNMT4 Latest puff piece on Gary, from venture capitalist Michael Moritz's SF Standard (Josh Koehn): sfstandard.com/2023/09/27/garry-tan-y-combinator-declares-war-san-francisco-politics-progressives-elon-musk/ "Pro-recall committees have raised 46 times more money than the anti-recall campaign, according to Ethics Commission data" (Will Jarrett, Mission Local): missionlocal.org/2022/01/who-is-funding-the-school-board-recall "Internet billionaire Reid Hoffman apologizes for funding a group tied to disinformation in Alabama race" (Tony Romm, Craig Timberg and Aaron C. Davis, Washington Post): washingtonpost.com/technology/2018/12/26/internet-billionaire-reid-hoffman-apologizes-funding-group-behind-disinformation-alabama-race “Immigrant Rights Activists Renew Push Against Palantir to Cancel ICE Contract” (Kevin Gosztola, Shadowproof/Truthout): truthout.org/articles/immigrant-rights-activists-renew-push-against-palantir-to-cancel-ice-contract More Sad Francisco: sadfrancis.co

As the U.S. government moves closer to a shutdown, we hear what that means for the economy, federal workers and families across the country. Read more: Congress must agree to a short-term funding bill before an Oct. 1 shutdown, which could interrupt paychecks for many federal workers and military service members. Basic government services could also hang in the balance, from food safety inspections and child-care funds to aid for long-term disaster recovery. Already, FEMA has delayed billions of dollars in funding for future natural disasters in the event of a shutdown. The Post's Tony Romm explains why we are heading toward this impasse on federal funding, once again, and how a lengthy shutdown could test the U.S. economy.

Congress and President Biden have five weeks to strike a deal on raising the debt ceiling, according to a new projection from the Treasury Department. Otherwise, the country will need to brace for an economic catastrophe. The problem? Neither side is willing to compromise. President Biden and House Speaker Kevin McCarthy have agreed to meet next week, but both have also insisted they are unwilling to negotiate, stoking fears that the government may miss this critical deadline. Tony Romm joins “Post Reports” to explain. Read more:Biden seeks debt ceiling talks, as U.S. faces possible June 1 defaultHere's what's in the House GOP bill to raise debt limit, cut spendingWith debt bill adopted, far-right House Republicans ready for fiscal war

The Rich Zeoli Show- Hour 2: On Wednesday, Speaker of the House Kevin McCarthy (R-CA) unveiled the “Limit, Save, Grow Act of 2023”—a 320-page bill that would raise the debt ceiling while concurrently cutting federal spending. According to The Washington Post's Tony Romm, the proposed legislation is estimated to “save the government $4.5 trillion over the next decade” including “$130 billion in spending cuts for 2024.” The bill would also create “new work requirements for welfare” and “block [President Joe] Biden's forthcoming program to cancel thousands of dollars in college debt.” Unsurprisingly, President Biden has already expressed opposition to Speaker McCarthy's proposal. You can read more about the legislation here: https://www.washingtonpost.com/business/2023/04/19/debt-ceiling-limit-republican-plan-explained/ Is New York City coming for you cheeseburgers? While speaking with members of the press, “Mayor Eric Adams on Monday vowed to reduce emissions tied to city food procurements by 33 percent by 2030, unveiling data showing that in New York City, food consumption rivals transportation as a source of planet-warming gases,” according to Dana Rubinstein of The New York Times. You can read the full article here: https://www.nytimes.com/2023/04/17/nyregion/eric-adams-meat-emissions-nyc.html Rich learns about the smelly, psychotic, and murderous founder of Earth Day! Last month, The Wall Street Journal Editorial Board documented a “strange house call” the Internal Revenue Service (IRS) made to independent journalist Matt Taibbi's home—unannounced “the same day Mr. Taibbi testified before the Select Subcommittee on the Weaponization of the Federal Government.” The WSJ Editorial Board writes, “[t]he taxman left a note instructing Mr. Taibbi to call the IRS four days later. Mr. Taibbi was told in a call with the agent that both his 2018 and 2021 tax returns had been rejected…the curious timing of this visit, on the heels of the FTC demand that Twitter turn over names of journalists, raises questions about potential intimidation.” On Wednesday, Sen. Ron Johnson (R-WI) confronted IRS Commissioner Daniel Werfel about the aforementioned “visit” during a hearing on Capitol Hill. And on Thursday former-President Donald Trump released a video to social media condemning how Taibbi has been treated by the IRS. Read more about the story here: https://www.wsj.com/articles/irs-matt-taibbi-twitter-files-jim-jordan-daniel-werfel-lina-khan-84ee518?mod=hp_opin_pos_2#cxrecs_s

The Rich Zeoli Show- Full Episode (04/20/2023): 3:05pm- On Thursday, the House of Representatives advanced legislation that would prevent biological males from competing in women's sports. Ari Blaff of National Review writes, “[t]he House measure seeks to amend federal law so that ‘sex shall be recognized based solely on a person's reproductive biology and genetics at birth,' in order to determine Title IX athletics compliance. Title IX mandates that institutions that receive public funding from the federal government cannot discriminate on the basis of sex.” The bill passed along partisan lines—"with 219 Republicans voting in favor and 203 Democrats voting against.” You can read more here: https://www.nationalreview.com/news/zero-house-democrats-vote-to-protect-womens-sports-from-male-intrusion/ 3:10pm- While appearing on Real Time with Bill Maher, Rep. Katie Porter (D-CA) baselessly accused NCAA swimming champion Riley Gaines—who advocate for the rights of biologically female athletes—of simply speaking out for “likes and clicks.” 3:30pm- Henry gets cancelled for drinking English breakfast tea. 3:35pm- On Tuesday, high school volleyball player Payton McNabb spoke to the North Carolina legislature and documented the extensive injuries she suffered while competing against a biological male. After being struck by a volleyball spiked by the male competitor, McNabb suffered a concussion and neck injuries and is still dealing with impaired vision and partial paralysis. 3:45pm- If you were a single woman, which profession would you find more attractive? New York City Rat Czar or Pentagon UFO Czar? Rich, Matt, and Henry debate—listeners weigh-in. 4:05pm- On Wednesday, Speaker of the House Kevin McCarthy (R-CA) unveiled the “Limit, Save, Grow Act of 2023”—a 320-page bill that would raise the debt ceiling while concurrently cutting federal spending. According to The Washington Post's Tony Romm, the proposed legislation is estimated to “save the government $4.5 trillion over the next decade” including “$130 billion in spending cuts for 2024.” The bill would also create “new work requirements for welfare” and “block [President Joe] Biden's forthcoming program to cancel thousands of dollars in college debt.” Unsurprisingly, President Biden has already expressed opposition to Speaker McCarthy's proposal. You can read more about the legislation here: https://www.washingtonpost.com/business/2023/04/19/debt-ceiling-limit-republican-plan-explained/ 4:30pm- Is New York City coming for you cheeseburgers? While speaking with members of the press, “Mayor Eric Adams on Monday vowed to reduce emissions tied to city food procurements by 33 percent by 2030, unveiling data showing that in New York City, food consumption rivals transportation as a source of planet-warming gases,” according to Dana Rubinstein of The New York Times. You can read the full article here: https://www.nytimes.com/2023/04/17/nyregion/eric-adams-meat-emissions-nyc.html 4:45pm- Rich learns about the smelly, psychotic, and murderous founder of Earth Day! 4:55pm- Last month, The Wall Street Journal Editorial Board documented a “strange house call” the Internal Revenue Service (IRS) made to independent journalist Matt Taibbi's home—unannounced “the same day Mr. Taibbi testified before the Select Subcommittee on the Weaponization of the Federal Government.” The WSJ Editorial Board writes, “[t]he taxman left a note instructing Mr. Taibbi to call the IRS four days later. Mr. Taibbi was told in a call with the agent that both his 2018 and 2021 tax returns had been rejected…the curious timing of this visit, on the heels of the FTC demand that Twitter turn over names of journalists, raises questions about potential intimidation.” On Wednesday, Sen. Ron Johnson (R-WI) confronted IRS Commissioner Daniel Werfel about the aforementioned “visit” during a hearing on Capitol Hill. And on Thursday former-President Donald Trump released a video to social media condemning how Taibbi has been treated by the IRS. Read more about the story here: https://www.wsj.com/articles/irs-matt-taibbi-twitter-files-jim-jordan-daniel-werfel-lina-khan-84ee518?mod=hp_opin_pos_2#cxrecs_s 5:00pm- The Drive at 5: In a Wall Street Journal exclusive report, Aruna Viswanatha, Sadie Gurman, and C. Ryan Barber write, “[a]n IRS supervisor has told lawmakers he has information that suggests the Biden administration is improperly handling the criminal investigation into President Biden's son, Hunter Biden, and is seeking whistleblower protections… The supervisor has details that show ‘preferential treatment and politics improperly infecting decisions and protocols that would normally be followed by career law enforcement professionals in similar circumstances if the subject were not politically connected.'” You can read the full article here: https://www.wsj.com/articles/irs-whistleblower-says-u-s-is-mishandling-hunter-biden-probe-7cd127f2?mod=hp_lead_pos7 5:05pm- While appearing on Fox News with Sean Hannity, Rep. James Comer (R-KY) was asked about reports that Executive branch investigators are improperly handling an inquiry into Hunter Biden's tax filings. Rep. Comer said, “the walls are closing in on the Biden family.” 5:15pm- While speaking before the House Appropriations Committee, Transportation Secretary Pete Buttigieg blamed problems within his department on climate change and COVID-19. Meanwhile, Rep. Rosa DeLauro (D-CT) thanked Sec. Buttigieg for using “female dummies” for car crash tests. 5:20pm- The Mystery Movie Clip! 5:25pm- While speaking with a local television station, Chicago Mayor-elect Brandon Johnson refused to condemn looters and rioters whose actions on Saturday night resulted in enormous amounts of damage and left several people injured. 5:50pm- On Tuesday evening, conservative commentator Matt Walsh had his phone, Twitter, and emails infiltrated by a hacker. Walsh vowed to press charges against those who are responsible. 6:05pm- On Thursday, SpaceX's unmanned Starship rocket exploded several minutes after taking off from its South Padre Island, Texas launchpad. SpaceX touted the next-generation rocket as being “the world's most powerful launch vehicle ever developed.” In a statement made on Twitter following the explosion, SpaceX founder Elon Musk stated, “Congrats SpaceX team on an exciting test launch of Starship! Learned a lot for next test launch in a few months.” 6:15pm- In their Wall Street Journal editorial, John Berlau and Stone Washington document a disturbing attempt by the Consumer Financial Protection Bureau to censor speech. They write: “In a lawsuit against Townstone Financial, a small Chicago-area nonbank mortgage firm, the CFPB is signaling that it may attempt to punish anyone who complains about neighborhood crime. The CFPB accuses Townstone owner Barry Sturner and others affiliated with the company of making ‘statements that would discourage African-American prospective applicants from applying for mortgage loans.'” You can read the full editorial here: https://www.wsj.com/articles/shhh-the-cfpb-could-be-listening-townstone-crime-free-speech-chicago-brandon-johnson-mortage-48d4c260?mod=opinion_lead_pos5 6:40pm- While appearing on CNN's “This Morning”, White House Press Secretary Karine Jean-Pierre declined to answer questions about an IRS whistleblower who alleges the Biden Administration is inappropriately handling an investigation into Hunter Biden.

David Plotz, John Dickerson, and Emily Bazelon discuss Ron DeSantis' presidential campaign, the end of pandemic-era medicaid & food security protections, and the many legal fights over medication abortion. Here are some notes and references from this week's show Hannah Dreier and Kirsten Luce for The New York Times: “Alone and Exploited, Migrant Children Work Brutal Jobs Across the U.S.” Jeff Stein and Tony Romm for The Washington Post: “Biden Calls For Trillions In Tax Hikes And New Domestic Spending” Emily Bazelon for The New York Times: “The Abortion Pill Fight” Redaction, by Reginald Dwayne Betts and Titus Kaphar Information on the New York reading and book signing for Redaction Here are this week's chatters: Emily: The Declassification Engine: What History Reveals About America's Top Secrets, by Matthew Connelly John: Chip War: The Fight for the World's Most Critical Technology, by Chris Miller David: Defending Democracy with Malcolm Turnbull;  Listener chatter from Rebecca Carr: Pat Sangimino for The Lincoln Journal Star: “Leading Off: In The Heat Of The Sexual Revolution, A Woman And Her Invention Made A Difference”; Pagan Kennedy for The New York Times: “Could Women Be Trusted With Their Own Pregnancy Tests?” For this week's Slate Plus bonus segment Emily talks to Reginald Dwayne Betts and Titus Kaphar about their book, Redaction.   Tweet us your questions and chatters @SlateGabfest or email us at gabfest@slate.com. (Messages may be quoted by name unless the writer stipulates otherwise.) Podcast production by Cheyna Roth.  Research by Bridgette Dunlap. Make an impact this Women's History Month by helping Macy's on their mission to fund girls in STEM. Go to macys.com/purpose to learn more. Learn more about your ad choices. Visit megaphone.fm/adchoices

David Plotz, John Dickerson, and Emily Bazelon discuss Ron DeSantis' presidential campaign, the end of pandemic-era medicaid & food security protections, and the many legal fights over medication abortion. Here are some notes and references from this week's show Hannah Dreier and Kirsten Luce for The New York Times: “Alone and Exploited, Migrant Children Work Brutal Jobs Across the U.S.” Jeff Stein and Tony Romm for The Washington Post: “Biden Calls For Trillions In Tax Hikes And New Domestic Spending” Emily Bazelon for The New York Times: “The Abortion Pill Fight” Redaction, by Reginald Dwayne Betts and Titus Kaphar Information on the New York reading and book signing for Redaction Here are this week's chatters: Emily: The Declassification Engine: What History Reveals About America's Top Secrets, by Matthew Connelly John: Chip War: The Fight for the World's Most Critical Technology, by Chris Miller David: Defending Democracy with Malcolm Turnbull;  Listener chatter from Rebecca Carr: Pat Sangimino for The Lincoln Journal Star: “Leading Off: In The Heat Of The Sexual Revolution, A Woman And Her Invention Made A Difference”; Pagan Kennedy for The New York Times: “Could Women Be Trusted With Their Own Pregnancy Tests?” For this week's Slate Plus bonus segment Emily talks to Reginald Dwayne Betts and Titus Kaphar about their book, Redaction.   Tweet us your questions and chatters @SlateGabfest or email us at gabfest@slate.com. (Messages may be quoted by name unless the writer stipulates otherwise.) Podcast production by Cheyna Roth.  Research by Bridgette Dunlap. Make an impact this Women's History Month by helping Macy's on their mission to fund girls in STEM. Go to macys.com/purpose to learn more. Learn more about your ad choices. Visit megaphone.fm/adchoices

David Plotz, John Dickerson, and Emily Bazelon discuss Ron DeSantis' presidential campaign, the end of pandemic-era medicaid & food security protections, and the many legal fights over medication abortion. Here are some notes and references from this week's show Hannah Dreier and Kirsten Luce for The New York Times: “Alone and Exploited, Migrant Children Work Brutal Jobs Across the U.S.” Jeff Stein and Tony Romm for The Washington Post: “Biden Calls For Trillions In Tax Hikes And New Domestic Spending” Emily Bazelon for The New York Times: “The Abortion Pill Fight” Redaction, by Reginald Dwayne Betts and Titus Kaphar Information on the New York reading and book signing for Redaction Here are this week's chatters: Emily: The Declassification Engine: What History Reveals About America's Top Secrets, by Matthew Connelly John: Chip War: The Fight for the World's Most Critical Technology, by Chris Miller David: Defending Democracy with Malcolm Turnbull;  Listener chatter from Rebecca Carr: Pat Sangimino for The Lincoln Journal Star: “Leading Off: In The Heat Of The Sexual Revolution, A Woman And Her Invention Made A Difference”; Pagan Kennedy for The New York Times: “Could Women Be Trusted With Their Own Pregnancy Tests?” For this week's Slate Plus bonus segment Emily talks to Reginald Dwayne Betts and Titus Kaphar about their book, Redaction.   Tweet us your questions and chatters @SlateGabfest or email us at gabfest@slate.com. (Messages may be quoted by name unless the writer stipulates otherwise.) Podcast production by Cheyna Roth.  Research by Bridgette Dunlap. Make an impact this Women's History Month by helping Macy's on their mission to fund girls in STEM. Go to macys.com/purpose to learn more. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stanford's Evelyn Douek and Alex Stamos weigh in on the latest online trust and safety news and developments:India UpdateAt least some of the YouTube, Meta, and Internet Archive takedowns of clips from a BBC documentary that examines Prime Minister Narendra Modi's political rise were due to copyright claims made by BBC, rather than requests made by the Indian government. Maybe they could have mentioned that a bit earlier? - Rishi Iyengar/ Foreign Policy, Russell Brandom/ Rest of World, Internet ArchiveLuckily, Twitter owner Elon Musk chimed in with a tweet reply that he hadn't heard of the issue, adding “It is not possible for me to fix every aspect of Twitter worldwide overnight, while still running Tesla and SpaceX, among other things.” - @elonmuskTwitter reinstated Indian Hindu nationalist accounts previously suspended for hate speech against Muslims. - Newley Purnell/ The Wall Street JournalTwitter CornerA new Twitter Files thread on the German Marshall Fund's Hamilton 68 project, which tracked Russian influence operations on Twitter, illustrates the dashboard's flawed methodology. That doesn't change the fact that there was Russian interference during the 2020 U.S. presidential election. - @mtaibbiMusk made the rounds on Capitol Hill, meeting with House leadership to ensure that Twitter will be “fair to both parties.” We are sure there will be tons of transparency. - Tony Romm, Faiz Siddiqui, Cat Zakrzewski, Adela Suliman/ The Washington PostTwitter will allow anyone to appeal an account suspension, starting this Wednesday, February 1. - @TwitterSafetyAnd Twitter is re-suspending some of those accounts. White supremacist and Holocaust denier Nick Fuentes was suspended less than 24 hours after his account was reinstated. - Julia Shapero/ The HillIn completely unrelated news, Twitter is being sued in Germany over failing to remove antisemitic hate speech. - Molly Killeen/ Euractiv, Aggi Cantrill, Karin Matussek/ Bloomberg NewsTikTok OffensiveTikTok is going on the offensive with public engagements explaining its private negotiations with the U.S. government. Executives are briefing members of Congress, academics, and think tank researchers about Project Texas, the company's plan to audit content recommendation systems and securely store and process U.S. user data in partnership with Oracle. - Cecilia Kang, Sapna Maheshwari, David McCabe/ The New York TimesResearchers briefed on TikTok's proposal to continue operating in the U.S. said that a new subsidiary, TikTok U.S. Data Security Inc. (USDS), will house all of its U.S. content moderation under the governance of an independent board that will report to the U.S. government (CFIUS) — not to ByteDance. Plans also call for TikTok's source code and content recommendation systems to be audited by Oracle and a third-party inspector. - David Ingram/ NBC News, Matt Perault, Samm Sacks/ Lawfare (commentary)Other storiesThe messy business of operating in China caught up with Apple again as the company's Safari web browser seems to have quietly adopted a Chinese government website block list. - Sam Biddle/ The InterceptGoogle plans to sunset a pilot program that stopped political campaign emails from winding up in the spam folder as it seeks to dismiss a lawsuit from the Republican National Committee claiming that Gmail filters have political bias. - Isaac Stanley-Becker/ The Washington Post, Ashley Gold/ AxiosThe Financial Times had a miserable experience attempting to run its own Mastodon instance, facing “compliance, security and reputational risks” in addition to cloud hosting costs and creepy factor issues, such as seeing direct messages by default. - Bryce Elder/ Financial TimesSports CornerDid Alex receive a call from the San Francisco 49ers football team during their NFL playoff game this weekend? No, not for that cyber issue last year. Things get “Purdy'' desperate when a team's first four quarterbacks are injured. - Nick Wagoner/ ESPNJoin the conversation and connect with Evelyn and Alex on Twitter at @evelyndouek and @alexstamos.Moderated Content is produced in partnership by Stanford Law School and the Cyber Policy Center. Special thanks to John Perrino for research and editorial assistance.Like what you heard? Don't forget to subscribe and share the podcast with friends!

FTX, at one point the world's third largest cryptocurrency exchange, went bankrupt, causing the entire cryptocurrency industry to crash. In this episode, hear highlights from Congressional testimony that will explain how FTX was able to grow so large while committing blatant fraud, how it's possible that the government didn't know and didn't do anything to stop it, and hear about a Senate bill that's branded as a solution but has concerning flaws of it's own. Please Support Congressional Dish – Quick Links Contribute monthly or a lump sum via PayPal Support Congressional Dish via Patreon (donations per episode) Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank's online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536. Please make checks payable to Congressional Dish Thank you for supporting truly independent media! View the show notes on our website at https://congressionaldish.com/cd265-policing-ftx Background Sources Recommended Congressional Dish Episodes CD264: Cryptocurrencies and Blockchain CD235: The Safe Haven of Sanctions Evaders What is FTX? “What is FTX?” Timothy Smith. Dec 22, 2022. Investopedia. Crypto Regulation “U.S. Senate Is Still Confused About How to Regulate Crypto After FTX Collapse.” Kyle Barr. Dec 1, 2022. Gizmodo. “Congressmembers Tried to Stop the SEC's Inquiry Into FTX.” David Dayen. Nov 23, 2022. The American Prospect. “We Already Have Laws to Stop Crypto Fraud.” David Dayen. Nov 17, 2022. The American Prospect. “Why Is Congress Still Writing Crypto Regulations?” David Dayen. Nov 10, 2022. The American Prospect. “Letter to SEC Chair Gary Gensler Regarding Cryptocurrency Inquiries.” Tom Emmer et al. Mar 16, 2022. “Letter to SEC Chair Gary Gensler Regarding Cryptocurrency Inquiries.” emmer.house.gov. Lead-up to FTX Collapse “In about-face, Crypto exchange Binance pulls out of FTX acquisition.” Elizabeth Napolitano. Nov 9, 2022. NBC News. "Crypto exchange FTX saw $6 bln in withdrawals in 72 hours." Tom Wilson and Angus Berwick. Nov 8, 2022. Reuters. “Crypto exchange FTX saw $6 bln in withdrawals in 72 hours.” Tracy Wang and Oliver Knight. Nov 6, 2022. “Binance to Sell Rest of FTX Token Holdings as Alameda CEO Defends Firm's Financial Condition.” Tracy Wang and Oliver Knight. Nov 6, 2022. CoinDesk. “Divisions in Sam Bankman-Fried's Crypto Empire Blur on His Trading Titan Alameda's Balance Sheet.” Ian Allison. Nov 2, 2022. CoinDesk. “Re: Potential Violations of Section 18(a)(4) of the Federal Deposit Insurance Act.” Seth. P Rosebrock, Assistant General Counsel, Enforcement, FDIC. Aug 18, 2022. FDIC. Tom Emmer “SEC Chair Gary Gensler Must Testify Before Congress, Says Rep. Tom Emmer.” André Beganski. Dec 11, 2022. Decrypt. “Meet Tom Emmer, a powerful crypto advocate in a crypto-wary Congress.” Tony Romm. Dec 8, 2022. The Washington Post. “House GOP picks Emmer as GOP whip, Scalise as leader.” Emily Brooks and Mychael Schnell. Nov 15, 2022. The Hill. FTX Collapse “FTX Effort to Save Itself Failed on Questionable Assets.” Shane Shifflett, Rob Barry, and Coulter Jones. Dec 5, 2022. The Wall Street Journal. “FTX Founder Sam Bankman-Fried Says He Can't Account for Billions Sent to Alameda.” Alexander Osipovich. Dec 3, 2022. The Wall Street Journal. “5 major revelations about the collapse of crypto giant FTX.” David Gura. Nov 23, 2022. NPR. “FTX says it owes more than $3 billion to creditors.” Steven Zeitchik. Nov 20, 2022. The Washington Post. “Declaration of John J. Ray III in Support of Chapter 11 Petitions and First Day Pleadings” [Case 22-11068-JTD] Nov 17, 2022. PACER. “Exclusive: At least $1 billion of client funds missing at failed crypto firm FTX.” Angus Berwick. Nov 11, 2022. Reuters. “FTX chief Sam Bankman-Fried resigns as firm files for bankruptcy.” Jacob Bogage and Tory Newmyer. Nov 11, 2022. The Washington Post. “FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall.” Vicky Ge Huang, Alexander Osipovich, and Patricia Kowsmann. Nov 11, 2022. The Wall Street Journal. Lobbying and Campaign Donations “Lawmakers who benefited from FTX cash probe its collapse.” Tory Newmyer and Steven Zeitchik. Dec 1, 2022. The Washington Post. “Inside Sam Bankman-Fried's courtship of a Washington regulator.” Tory Newmyer and Peter Whoriskey. Nov 28, 2022. The Washington Post. “Congress took millions from FTX. Now lawmakers face a crypto reckoning.” Tony Romm. Nov 17, 2022. The Washington Post. “FTX Collapse Sets Back Crypto Agenda in Washington.” Paul Kiernan. Nov 14, 2022. The Wall Street Journal. “Washington lobbyists sever ties with FTX founder Sam Bankman-Fried after crypto exchange implodes.” Brian Schwartz. Nov 14, 2022. CNBC. “Sam Bankman-Fried charmed Washington. Then his crypto empire imploded.” Tory Newmyer. Nov 12, 2022. The Washington Post. “Meet the mega-donors pumping millions into the 2022 midterms.” Luis Melgar et al. Oct 24, 2022. The Washington Post. “A young crypto billionaire's political agenda goes well beyond pandemic preparedness.” Freddy Brewster. Aug 12, 2022. Los Angeles Times. Aftermath of the FTX Collapse “Factbox: Global regulatory actions against FTX.” Dec 12, 2022. Reuters. “FTX Founder Sam Bankman-Fried Is Said to Face Market Manipulation Inquiry.” Emily Flitter, David Yaffe-Bellany and Matthew Goldstein. Dec 7, 2022. The New York Times. “Clashes Over FTX Bankruptcy Go Global.” Alexander Osipovich, Alexander Saeedy and Alexander Gladstone. Dec 4, 2022. “Hot Wallets vs. Cold Wallets.” Mar 10, 2022. Cryptopedia. December 13 Hearing “Memorandum To: Members, Committee on Financial Services From: FSC Majority Staff Subject: December 13, 2022, Full Committee Hearing entitled, “Investigating the Collapse of FTX, Part I.” Dec 8, 2022. House Financial Services Committee. “Chart: Four Silos for Recover Purposes.” House Financial Services Committee. Sam Bankman-Fried Indictment “Here is the criminal indictment against Sam Bankman-Fried.” Dec 13, 2022. The New York Times. Bills S.4760 - Digital Commodities Consumer Protection Act of 2022 Audio Sources Investigating the Collapse of FTX, Part I December 13, 2022 House Committee on Financial Services Witness: John J. Ray III, CEO, FTX Group Clip Transcripts Rep. Emanuel Cleaver (D-MO): Have you read the full testimony that was planned by our missing guest [Sam Bankman-Fried]? John Ray I have not read his full testimony. Some pieces of it been relayed to me, but I've not read it. I've not read one word of it actually. Rep. Emanuel Cleaver (D-MO): Yeah, I don't know him personally and probably don't want to. But this testimony is so disrespectful. I mean, there's not a person up here would like to show this to their children. In line two of this message, he says, and I quote, "I would like to start out by firmly stating under oath...* And yeah, I can't even say it publicly. The next two words, absolutely insulting. This is the Congress of the United States. Rep. Warren Davidson (R-OH): So when when customers deposited funds into their FTX accounts, where did the cash go? John Ray: Well, sometimes the money wasn't deposited in the FTX account it was sent to Alameda to begin with. Rep. Warren Davidson (R-OH): It was misdirected from from the start straight to Alameda. John Ray: There was certainly some time period where there's no bank account at .com and then ultimately, if you look at the structure of this, Alameda is essentially a customer on that .com exchange, and effectively, you know, borrowed money from or just transferred money from FTX customers to take its own positions on the Alameda hedge fund. Rep. Patrick McHenry (R-NC): So Alameda research and the venture capital business, what did Alameda research do? John Ray: Essentially made crypto investments, engaged in margin trading, took long and short positions in crypto, essentially invested in crypto. But of course, we now know also invested in over $5 billion of other assets which are in a variety of sectors. Patrick McHenry (R-NC): Can you describe the differences between the FTX.com and FTX.us silos? John Ray: Yes. Very simply FTX.us was for US citizens who wanted to trade crypto; FTX.com, US citizens were not allowed to trade on that exchange. That's very simple. And I would make one other comment, which is separate apart from any of those two silos. It was ledger x, which is a regulated entity regulated by the CFTC, solvent and separate from the FTX.us silo. Patrick McHenry (R-NC): Okay, and that is a distinct silo, that's a distinct company? John Ray: That is a distinct company within the US silo, yes. Patrick McHenry (R-NC): Okay. Patrick McHenry (R-NC):: What was the relationship between FTX.com and FTX.us? Was is there a distinction between the two? John Ray: There was a public distinction between the two. What we're seeing now is that the crypto assets for both ftx.com and for FTX.us were housed in the same database. It's called the AWS system, which is just an acronym for Amazon Web Services. It was all housed in the same web format. Patrick McHenry (R-NC):: And is that distinct from Alameda's assets? John Ray: Yes, it is. John Ray: In essence you know, Alameda was a user, effectively a customer, of FTX.com. That's how it was essentially structured. John Ray: There was no audit at Alameda, no audit at the venture silo. There was audit at the US silo and also audit at the the .com silo. I can't speak to the integrity or quality of those audits. We're reviewing, obviously, the books and records. And as I've said earlier, you know, much of those books and records were maintained on a fairly unsophisticated ledger ledger which works workbooks. John Ray: It's an extensive list, it really crosses the entire spectrum of the company, from lack of lists of bank accounts, hundreds of bank accounts dispersed all over the world, lack of a complete list of employees and their functions by group or name, extensive use of independent contractors as opposed to employees, lack of insurance that you'd normally would see in certain businesses, either inadequate insurance or complete gaps in insurance. For example, the Alameda silo had no insurance whatsoever. So those are I mean, there's, the list goes on and on. You know, we could spend all day on them. John Ray: While many things are unknown at this stage, we're at a very preliminary stage, many questions remain, we know the following. First customer assets at ftx.com were commingled with assets from the Alameda trading platform. That much is clear. Second, Alameda used client funds to engage in margin trading, which exposed customer funds to massive losses. Third, the FTX group went on a spending binge in 2021 and 2022, during which $5 billion was spent on a myriad of businesses and investments, many of which may only be worth a fraction of what was paid for them. Fourth, loans and other payments were made to insiders in excess of $1.5 billion. Fifth, Alameda's business model as a market maker required funds to be deployed to various third party exchanges, which were inherently unsafe and further exacerbated by the limited protections offered in certain of those foreign jurisdictions. John Ray: I accepted the position of Chief Executive Officer of FTX in the early morning hours of November 11 [2022]. It immediately became clear to me that chapter 11 was the best course available to preserve any remaining value of FTX. Therefore, my first act as CEO was authorized the chapter 11 filings. John Ray: It's virtually unlimited in terms of the lack of controls: no centralized records on banking, no daily reconciliations of crypto assets, silos where there's no insurance, inadequate insurance, no independent board, no safeguards that limit, who controls and asset. So senior management literally could get access to any of the accounts in any of the silos. No separateness between customer money and other customer money or other other assets. It's virtually unlimited in terms of the lack of controls. And that's really the point of the unprecedent comment. I've just never seen anything like it in 40 years of doing restructuring work and corporate corporate legal work. It's just a dearth of of information. John Ray: But again, users had multiple accounts. For example, if they had a different trading position, they may have opened multiple accounts. We know it's a big number. It's in the millions on the customer accounts, and we know it's several billion dollars in losses. Assigning those losses to customer accounts will be our next challenge. John Ray: The FTX group's collapse appears to stem from absolute concentration of control in the hands of a small group of grossly inexperienced and unsophisticated individuals who failed to implement virtually any of the systems or controls that are necessary for a company entrusted with other people's money or assets. Some of the unacceptable management practices identified so far include the use of computer infrastructure that gave individuals and senior management access to systems that stored customers' assets without security controls to prevent them from redirecting those assets; the storing of certain private keys to access hundreds of millions of dollars in crypto assets without effective security controls or encryption; the ability of Alameda to borrow funds held at FTX.com to be utilized for its own trading or investments without any effective limits whatsoever; the commingling of assets; the lack of complete documentation for transactions involving nearly 500 separate investments made with FTX group funds and assets. In the absence of audited or reliable financial statements, the lack of personnel and financial and risk management functions, and the absence of independent governance throughout the FTX group, a fundamental challenge we face is there in many respects we are starting from near zero in terms of the corporate infrastructure and record keeping that one would expect in a multibillion dollar corporation. John Ray: The FTX group is unusual in the sense that, you know, I've done probably a dozen large scale bankruptcies over my career, including Enron, of course. Every one of those entities had some financial problem or another, they have some characteristics that are in common. This one is unusual. And it's unusual in the sense that literally, you know, there's no record keeping whatsoever. It's the absence of record keeping. Employees would communicate, you know, invoicing and expenses on on Slack, which is essentially a way of communicating for chat rooms. They use QuickBooks, a multibillion dollar company using QuickBooks. Rep. Ann Wagner (R-MO): QuickBooks? John Ray: QuickBooks. Nothing against QuickBooks, it's very nice tool, just not for a multibillion dollar company. There's no independent board, right? We had one person really controlling this. No independent board. That's highly unusual in the size company this is. And it's made all the more complex because we're not dealing with, you know, widgets or, you know, something that's tangible. We're dealing with with with crypto, and the technological issues are made worse when you're dealing with an asset such as crypto. John Ray: I've just never seen an utter lack of record keeping. Absolutely no internal controls whatsoever. John Ray: The operation of Alameda really depended based on the way it was operated for the use of customer funds. That's the major breakdown here of funds from ftx.com, which was the exchange for non US citizens, those funds were used at Alameda to make investments and other disbursements. John Ray: There's no distinction whatsoever. The owners of the company could really run free reign across all four silos. John Ray: The loans that were given to Mr. Bankman-Fried, not just one loan it was numerous loans, some of which were documented by individual promissory notes. There's no description of what the purpose of the loan was. In one instance, he signed both as the issuer of the loan, as well as the recipient of the loan. But we have no information at this time as to what the purpose or the use of those funds were. And that is part of our investigation. John Ray: At the end of the day, we're not going to be able to recover all the losses here. Money was spent that we'll never get back. There will be losses on the international side. We're hopeful on the US side. He'll answer to others related to what happened here. Our job is just to find the assets and try to get customers their money back as quickly as possible. John Ray: Essentially, they had two exchanges that allowed users to trade crypto, and then there was the hedge fund. It's as simple as that. The users were allowed to make a variety of investments. They had a more expansive ability to trade crypto if you are a non-U.S. citizen on the .com exchange, but I know what's been described publicly is very complex. It is to some extent, but essentially, you had two exchanges, and you had a hedge fund. Inside both the US silos I've mentioned and inside the silos for .com there were regulated entities. We have regulated entities that are, for example, in Japan that are solvent, we had a regulated entity, ledger X, that was solvent. Those are sort of distinct from the other basic operations that we had, which are the two exchanges. John Ray: The principal issue that the company is facing in the crypto area, and from a technology perspective, it is different from the other bankruptcies because it's not a plane, not a boat. It's this crypto asset and it has inherently some difficulties. You know, the assets can be taken or lost. We have assets there in what are called Hot wallets, and those are in cold wallets. Hot wallets are very vulnerable to to hacking. If you've done any looking on the internet, you'll find that hacking is almost ordinary course in this business sector. They're very, lots of vulnerability to the wallets. So that's this company, unfortunately had a very, very challenging record here. You know, for some transfers there was no pathway for it. Our keys aren't stored in a centralized location. We don't know where all of our wallets are. Passwords were sometimes kept in just plain text format. So this company was sort of uniquely positioned to fail. John Ray: So funds were taken from customers, funds were invested, trading losses incurred in Alameda and then funds were deployed, that will never be valued at the same dollar amount. There was over $5 billion of investments made. Certainly, there's some value there and we'll try to get that value and sell those assets. But oftentimes, even when he made those sorts of investments, whether it was directly or through others in management, sometimes he would do that really without any pro forma or any valuation. Not really quite sure how some of the purchase price numbers were derived. So it gives you a sort of worry obviously, that the purchases were overvalued so there's a concern there as well. John Ray: Alameda was a customer, if you will, of the exchange and it's through that customer relationship, plus other arrangements, that allowed Alameda to borrow those funds, and then pick positions on the exchange like anyone, you know, who would hedge an asset in the market. He had unusually large positions, of course, and sometimes they were wrong in those positions, and they resulted in big losses. But ultimately, the commingling issue is the same in a different issue. He took the money from FTX to cover those positions and ultimately, when customers went to get their money back from .com there was a run on the bank. John Ray: The Alameda fund, well that's just the fund that drew resources from the exchanges, so it's really separate, it was not for customers per se, it was just simply a hedge fund. John Ray: For structural purposes and just for ease of presentation, we tried to take the over 100 entities and we put those in four silos. To demystify that, it's very simple. There was a U.S. silo, which was the FTX.us exchange for US investors. There was an international exchange called FTX.com. Again, for non-U.S. persons that invested in crypto. There was Alameda, which is purely a crypto hedge fund, which made other investments, venture capital type investments. Then there's a fourth entity which was purely investments. And although our investigation is not complete, those investments were most likely made with either Alameda money or money that originally came from ftx.com. But that fourth silo is just purely investments Rep. Patrick McHenry (R-NC): And who owned those four silos? John Ray: All those entities are owned or controlled by Sam Bankman-Fried. Rep. Brad Sherman (D-CA): Now I've heard from some on the other side criticizing the SEC and in July in this room I criticized the Head of Enforcement at the SEC for not going after crypto exchanges. But the fact is that without objection I'd like to put on the record a letter signed by 19 Republican members designed to push back on the SEC, a brushback pitch if you're familiar with baseball, attacking the SEC for paying attention to and I quote, "the purported risks of digital assets." And I'd like to put on the record without objection comments from eight members made in this room that were designed to attack the SEC as being Luddite and anti-innovation for their efforts. Rep. Nydia Velázquez (D-NY): Mr. Ray, a number of their debtors in the FTX group are located in offshore jurisdictions. Will this complicate the efforts to retrieve the assets of those there? If so why? John Ray: No, I don't think it will complicate it at all. The various jurisdictions, historically in bankruptcy, and I've been in a number of cross border situations, the jurisdictions will cooperate with each other. The regulators in all these jurisdictions, I think, realize that everyone's there for a common purpose, to protect the victims and recover assets for the victims of these situations. Rep. Nydia Velázquez (D-NY): How much have you been able to secure and where are most of these assets located? John Ray: We've been able to secure over a billion dollars of assets. We've secured those two cold wallets in a secure location. It's an ongoing process, though, which will take weeks and perhaps months to secure all the assets. Rep. Nydia Velázquez (D-NY): Are most creditors located in the US or foreign jurisdictions. John Ray: The majority of the creditors trade through the .com silo and are outside of this jurisdiction, although there are some foreign customers that are on the US silo, and vice versa. Rep. Ann Wagner (R-MO): Reports suggest that ftx.com transferred more than half of its customer funds, roughly $10 billion, to Alameda research. Is that accurate, sir? John Ray: Our work is not done, we don't have exact numbers for you today, but I will say it's several billion dollars, in that range, so we know that the size of the harm was significant. Rep. Maxine Waters (D-CA): Have you seen evidence of such a cover up? Have you seen evidence that there was any independent governance of Alameda separate and apart from that of the exchange? John Ray: The operations of the FTX group were not segregated. It was really operated as one company. As a result, there's no distinction virtually, between the operations of the company and who controlled those operations. Rep. Maxine Waters (D-CA): Did FTX have sufficient risk management systems and controls to appropriately monitor any leverage the business took on and the interconnections it had with businesses, like again, Alameda. John Ray: There were virtually no internal controls and no separateness whatsoever. Why Congress Needs to Act: Lessons Learned from the FTX Collapse December 1, 2022 Senate Committee on Agriculture, Nutrition, and Forestry Witness: Rostin Behnam, Chairman, Commodity Futures Trading Commission Clip Transcripts 18:30 Debbie Stabenow (D-MI): I've said this before and I'll say it again: the Digital Commodities Consumer Protection Act does not -- does not -- take authority away from other financial regulators. Nor does it make the CFTC the primary crypto regulator, because crypto assets can be used in many different ways. No single financial regulator has the expertise or the authority to regulate the entire industry. 24:30 John Boozman (R-AK): Many have asked why is the Ag Committee involved in this? The Ag Committee is involved because this committee and no other committee in the Senate is responsible for the oversight of the nation's commodity markets. Bitcoin, although a crypto currency, is a commodity. It's a commodity in the eyes of the federal courts and the opinion of the SEC Chairman, there is no dispute about this. If there are exchanges where commodities are traded, be it wheat, oil, or Bitcoin, then they must be regulated. It's simply that simple. 32:45 Rostin Behnam: I have asked Congress directly for clear authority to impose our traditional regulatory regime over the digital asset commodity market. 33:00 Rostin Behnam: I have not been shy about my encouragement of bills that contemplate shared responsibility for the CFTC and the Securities Exchange Commission, where the SEC would utilize its existing authority and reporting regime requirements for all security tokens, while the CFTC would apply its market based rules for the more limited subset of commodity tokens, which do not have the same characteristics of security tokens. 41:00 Rostin Behnam: I can though share with this committee with respect to me, my team and I have taken an initial review of my calendar and what we've observed is that my team and I met with Mr. Bankman-Fried and his team. Over the past 14 months, we met 10 times in the CFTC office at their request, all in relation to this DCO this Clearinghouse application. Nine out of the 10 times we were in Washington, one was at a widely held conference in Florida earlier this year. In addition, there were two phone calls, I believe, and a number of messages, all in relation to the DCO application, providing us updates suggesting that they were answering questions from different divisions, and trying as I said, to doggedly move the application along and to get it approved. 48:00 Sen. John Boozman (R-AK): If ftx.com had been a registered U.S. exchange, would the CFTC have been able to mitigate what happened. Rostin Behnam: Senator, you know, with our current authority, the answer is now. We need the authority to get into a CFTC registered exchange, as you point out. If we had that authority, and they were registered, given what we know from the facts about conflicts of interest, commingling funds, books and records, we would have been able to prohibit it. And I would point to what we're doing with Ledger X. On a daily basis our staff is in direct communication not only with Ledger X, but the custodians themselves, able to identify customer property, and customer money. Imagine that scenario with FTX.us if we had a daily lens into the location of customer money and customer property, you can imagine, given what we've learned about what's happened with FTX, we could have certainly prohibited many of the actions that we're hearing about. 1:16:00 Rostin Behnam: In terms of regulation of cash markets, right, the spot market, we simply do not have authority to register cash market exchanges or any intermediary broker dealer entity within that structure and that's what concerns me, this is the gap. 1:59:30 Rostin Behnam: Unfortunately, when we act, it's often after the fact because the information that allows us to bring an enforcement action in digital asset cash commodity markets, is only because information is coming to us from outsiders, from referrals, from tips, from whistleblowers, and this is in stark contrast to some of the surveillance tools and examination tools that we would have if we had a comprehensive regulatory framework over digital asset commodities. 2:07:00 Sen. Dick Durbin (D-IL): There'll be a reporter waiting in the hall -- I've already talked to her this morning -- who will ask you, "Did he ever contribute to your campaign?" I said "Oh, no, I never heard of the man." She said "You're wrong, Senator, he contributed to you." So the cryptocurrency people are active politically. And they are trying to achieve a political end here. It is their right as citizens of this country to do that. But it really calls on us to make sure that whatever we do is credible under those circumstances. 2:22:30 Rostin Behnam: I can't speak to what Mr. Bankman-Fried or anyone at FTX was thinking when they were advocating for regulation, but the remarkable thing is to think about it in the context of compliance and what we've learned about the FTX entities and just thinking about the bill that Senator Stabenow and Boozman introduced, they would have been so far out of compliance that it just wouldn't have even been possible. Legislative Hearing to Review S.4760, the Digital Commodities Consumer Protection Act September 15, 2022 Senate Committee on Agriculture, Nutrition, and Forestry Witnesses: Rostin Behnam, Chairman, Commodity Futures Trading Commission Todd Phillips, Director, Financial Regulation and Corporate Governance, Center for American Progress Shelia Warren, Chief Executive Officer, Crypto Council for Innovation Christine Parker, Vice President, Deputy General Counsel, Coinbase Heath Tarbert, Chief Legal Officer, Citadel Securities Denelle Dixon, Chief Executive Officer, Stellar Development Foundation Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States December 8, 2021 House Committee on Financial Services Witnesses: Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Samuel Bankman-Fried, Founder and CEO, FTX Brian P. Brooks, CEO, Bitfury Group Charles Cascarilla, CEO and co-Founder, Paxos Trust Company Denelle Dixon, CEO and Executive Director, Stellar Development Foundation Alesia Jeanne Haas, CEO, Coinbase Inc. and CFO, Coinbase Global Inc. Clip Transcripts 23:30 Sam Bankman-Fried: We are already regulated and licensed. We have many licenses globally. Here in the United States, we are regulated by the states under the money service business and money transmitting regime, and we are regulated nationally by the CFTC where we have a DCO, a DCM, a swap execution facility, and other licensure. 1:13:30 Sam Bankman-Fried: One of the really innovative properties of cryptocurrency markets are 24/7 risk monitoring and engines. We do not have overnight risk or weekend risk or holiday risk in the same way traditional assets do, which allow risk monitoring and de risking of positions in real time to help mitigate volatility. We've been operating for a number of years with billions of dollars of open interest. We've never had customer losses, clawbacks or anything like that. Even going through periods of large movements in both directions. We store collateral from our users in a way which is not always done in the traditional financial ecosystem to backstop positions. And the last thing that I'll say is if you look at what precipitated some of the 2008 financial crisis, you saw a number of bilateral bespoke non-reported transactions happening between financial counterparties which then got repackaged and releveraged again and again and again, such that no one knew how much risk was in that system until it all fell apart. If you compare that to what happens on FTX or other major cryptocurrency venues today, there is complete transparency about the full open interest. There is complete transparency about the positions that are held. There is a robust, consistent risk framework. 1:34:00 Sam Bankman-Fried: In addition to a bunch of international licenses in the United States, we are participating in that system you referenced with the money transmitter and money service businesses license is in addition to that, however, we are also licensed by the CFTC. We have a DCO, a DCM, and other licensure from them through FTX.us derivatives and we look forward to continuing to work with them to build out our product suite. We just submitted a 800 page, I believe, proposal to them a few days ago, which we're excited to discuss and we're also happy to talk with other regulators about potential products in the United States. 2:37:00 Rep. Tom Emmer (R-MN): Now it's my understanding that FTX uses surveillance trade technology akin to the technology national Securities Exchanges use to protect investors and ensure sound spot markets. What does this technology and any other tools FTX uses to protect the spot market from fraud and manipulation look like? Sam Bankman-Fried: Yeah. So, you know, like other exchanges, we do have these technologies in addition to the, you know, new customer policies that we can identify individuals associated with trades. We have surveillance for unusual trading activity. We have manual inspections of anything that you know, gets flagged either by the automated surveillance or by manual inspection. And we do this with the trading activity with deposits and withdrawals and everything else. Rep. Tom Emmer (R-MN): Sounds like you're doing a lot to make sure there is no fraud or other manipulation. Thank you Mr. Bankman-Fried, again, for helping us understand the extensive guardrails a cryptocurrency exchange like FTX has in place to ensure sound crypto spot markets for investors. 2:52:30 Rep. Cindy Axne (D-Iowa): Mr. Bankman-Fried, I'd like to start by asking you the first question. FTX.us has a derivatives platform and recently bought ledger x as part of that. Is that correct? Sam Bankman-Fried: Yes. Rep. Cindy Axne (D-Iowa): Okay, thank you. And that platform is registered with the CFTC. Is that correct? Sam Bankman-Fried: Yep. Rep. Cindy Axne (D-Iowa): Okay, perfect. So I just want to clarify something. And this isn't to say anybody's doing any wrong. It's just to get the lay of the land. You also have an exchange for Bitcoin and other tokens, but that is not registered with either the CFTC or the SEC. Is that correct? Sam Bankman-Fried: That's correct. Currently, neither of them are primary markets regulated for spot Bitcoin to USD markets. Rep. Cindy Axne (D-Iowa): Okay, thank you. And I know you're registered as a money transmitter, but that's not the same kind of oversight that we'll see from a federal market regulator. I also sit on the Agriculture Committee, which oversees the CFTC, so a gap like this is especially concerning to me. And the big problem that I see here, from what I understand, is that the CFTC doesn't have regulatory authority for spot trading of commodities, just their derivatives. So that leaves consumers with inconsistent protections, which is a concern that I have. 2:55:00 Rep. Cindy Axne (D-Iowa): Bitcoin, which has almost a trillion dollars invested in it, has CFTC oversight for people who are trading futures and options, but not for people who are trading the currency itself. Is that right? Sam Bankman-Fried: That is essentially correct. Full FTX Superbowl Commercial with Larry David Tom Brady FTX Commercials Steph Curry FTX Commercial Cover Art Design by Only Child Imaginations Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio)

Congressional economic policy reporter Tony Romm speaks with Sen. Mark Warner (D-Va.) and Indiana Gov. Eric J. Holcomb (R) about the bipartisan bill's geopolitical and economic impact. Conversation recorded on Thursday, Oct. 13, 2022

How a pandemic food program was used to allegedly defraud the government of $250 million. Read more:This week, the federal government indicted 47 people connected to the Minnesota-based nonprofit Feeding Our Future in the largest known pandemic fraud scheme. The nonprofit claimed to be giving meals to thousands of kids who needed them. Instead, the Justice Department said, they were using bribes and shell companies to falsify information, and in some cases used the federal money they got to buy real estate, luxury cars and jewelry. Congressional economic policy reporter Tony Romm reports on how the complex scheme was pulled off and what it reveals about how the government was spending relief money during the pandemic.

As the Senate moves onto the Inflation Reduction Act, bipartisanship is not in the cards. The two biggest obstacles remaining before Majority Leader Chuck Schumer can celebrate the best end of summer Labor Day party of his life are Sen. Kyrsten Sinema (D-Ariz.) and Senate Parliamentarian Elizabeth McDonough. The latest reporting suggests that Sinema is eyeing three changes: — Burgess Everett and Marianne LeVine scooped yesterday that Sinema wanted to (1) nix the carried interest loophole pay-for, which represents less than 2% of the financing for the bill, and (2) add some $5 billion in drought resiliency funding. — WaPo's Tony Romm and Jeff Stein add that Sinema also seems to be (3) questioning the bill's corporate minimum tax, an idea she seemed to endorse last year, though “discussions are fluid” and her “exact requests are unclear.” Bloomberg and Axios also have similar stories with an equally cloudy picture of what exactly she wants to do on the corporate minimum tax. But everyone seems to agree she's talking to a lot of Arizona business interests about the bill's tax provisions. Meanwhile, Caitlin Emma and Marianne Levine report that there are at least four policies in the reconciliation bill that their sources believe could be vulnerable to a Byrd Rule challenge before MacDonough, who, as Senate Parliamentarian, is the second most powerful person in Washington (after Sinema) for the next week or so. Subscribe to the POLITICO Playbook newsletter Raghu Manavalan is the Host of POLITICO's Playbook. Jenny Ament is the Executive Producer of POLITICO Audio.

Today on Post Reports, the 104-degree day that came years too soon in Britain. Plus, why President Biden is contemplating declaring a climate emergency in the U.S. Read more:London correspondent Karla Adam takes us to a non-air-conditioned housing bloc in London on the hottest day ever recorded in Britain. One tenant tells her he's unplugged the fridge because he's scared it'll catch fire. Plus, London bureau chief William Booth explains why Britain's heat wave is just the beginning of dangerously high temperatures.In the United States, President Biden has a goal to halve emissions by 2030. But since talks with Sen. Joe Manchin (D-W.Va.) stalled, Biden is considering taking executive action to bypass Congress. Tony Romm covers congressional economic policy, and he takes us through the rocky road ahead for the White House's environmental agenda.

Late Thursday night, Sen. Joe Manchin effectively killed any chance of major climate-related provisions making their way into Democrats' reconciliation package. The West Virginian told party leaders that “he would not support an economic package that contains new spending on climate change or includes new tax increases targeting wealthy Americans or corporations,” WaPo's Tony Romm and Jeff Stein were first to report, “marking a massive setback for party lawmakers who had hoped to advance a central element of their agenda before the midterm elections this fall.” What else he said: “Manchin told Democratic leaders he was open to changing federal laws that might lower prescription drugs costs for seniors… And the West Virginia moderate expressed support … for extended subsidies that will help keep health insurance costs down for millions of Americans for the next two years…” Listen to Playbook Deep Dive: LA wants to recall its most progressive prosecutor. Inside the DA's hostile office. Raghu Manavalan is the Host of POLITICO's Playbook. Jenny Ament is the Executive Producer of POLITICO Audio.

Deadlines are looming large for Congress. If policymakers fail to act, the United States could face unprecedented economic catastrophe. Read more:Time is running out to fund the federal government, which could shutter by Oct. 1. It all has to do with a bigger fight on the debt ceiling — the government's borrowing limit. Democrats in Congress want to suspend the debt ceiling until next year, but Republicans aren't playing ball and are threatening a government shutdown in opposition.But what does that all mean for Americans outside of Congress — for federal workers, for critical government services and for pandemic relief? Tony Romm reports on the stakes of the political fight on Capitol Hill, and the economic crisis waiting on the other side.

On Sunday, Senate lawmakers announced a $1 trillion bipartisan infrastructure plan. Tony Romm of the Washington Post breaks down what’s in the package and where it stands now. In California, more than 20,000 people were sterilized before a eugenics law was repealed in 1979. Juliana Jiménez writes for NBC News about the history of this practice and efforts to compensate some of the survivors. A few years ago, a study found that preschoolers who watched a lot of Disney princess movies were more hung up on gender stereotypes. But the Wall Street Journal reports that the research continued and has now led to a seemingly different conclusion. Simone Biles returned to Olympic competition, earning a bronze medal in the balance-beam final. Yahoo Sports breaks down the results. Norwegian hurdler Karsten Warholm set a new world record in the 400-meter final. NBC Olympics has the coverage.

Republicans and Democrats in the Senate have come to rare agreement, crafting a trillion dollar-plan to fix infrastructure across the country.Read more:After weeks of negotiation, a bipartisan group of senators have put forth a plan to restore America's infrastructure. The more than $1 trillion plan to improve roads, bridges, pipes, ports and lines of communication could be a centerpiece of Joe Biden's presidency — unless he has his own deal in the works. Congressional reporter Tony Romm breaks down the far-reaching proposal.

Weekly roundup for July 31, 2021 The United States approaches two consequential deadlines today. What is the deadline for California? How much more dysfunction can we endure before the deadline for our tolerance will expire? NOTES: 1. "Debt Limit", Department of the Treasury, accessed July 31, 2021; https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/debt-limit 2. "Republicans threaten to hold up debt ceiling days before deadline, raising potential for political showdown", by Tony Romm, Seung Min Kim and Mike DeBonis, Washington Post, July 21, 2021; https://www.washingtonpost.com/us-policy/2021/07/21/republicans-debt-ceiling 3. "Can Democrats raise the debt ceiling alone and avert a market meltdown?", by Chris Matthews, MarketWatch, July 31, 2021; https://www.marketwatch.com/story/can-democrats-raise-the-debt-ceiling-alone-and-avert-a-market-meltdown-11627672206 4. "Progressive Cori Bush says 'some Democrats went on vacation instead' of preventing the eviction moratorium from expiring", Business Insider, July 31, 2021; https://www.businessinsider.com/cori-bush-democrats-vacationed-ahead-of-eviction-moratorium-expiration-2021-7 5. "House Republicans Block Emergency Legislation by Chairwoman Waters to Extend Federal Eviction Moratorium Due to Republican Objections: Thousands of Families and Children Now at Risk of Eviction", U.S. House Committee on Financial Services, July 30, 2021; https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=408277 MUSIC CREDIT: "Angry Bass Line", by Adigold; elements.envato.com IMAGE CREDIT: "Tying one's shoes", by asobuno, Creative Commons Attribution-Share Alike 3.0 Unported license, https://creativecommons.org/licenses/by-sa/3.0/deed.en; https://commons.wikimedia.org/wiki/File:Tying_one%27s_shoe.jpg

Matt and Dara are joined by Vox's Dylan Scott to examine the $400 billion portion of Biden's $2 trillion infrastructure plan that is designated for the "caretaking economy." Is this merely an expansion of Medicaid? Does it actually address fundamental structural issues in the economics of long-term care? Plus, some research is examined that helps illustrate the power of "defaults" in ACA-type health insurance marketplaces. Resources: "White House unveils $2 trillion infrastructure and climate plan, setting up giant battle over size and cost of government" by Jeff Stein, Juliet Eilperin, Michael Laris and Tony Romm, Washington Post (Apr. 1, 2021) "How Biden's infrastructure plan could leave child care behind" by Anna North, Vox (Apr. 3, 2021) "Joe Biden is stretching Obamacare as far as it can go" by Dylan Scott, Vox (Mar. 29, 2021) "Exclusive: Nearly 7 million uninsured Americans qualify for free health insurance" by Dylan Scott, Vox (Apr. 1, 2021) White paper Hosts: Matt Yglesias (@mattyglesias), Slowboring.com Dara Lind (@DLind), Immigration Reporter, ProPublica Dylan Scott (@dylanlscott), Policy Reporter, Vox Credits: Erikk Geannikis, Editor and Producer As the Biden administration gears up, we'll help you understand this unprecedented burst of policymaking. Sign up for The Weeds newsletter each Friday: vox.com/weeds-newsletter. The Weeds is a Vox Media Podcast Network production. Want to support The Weeds? Please consider making a contribution to Vox: bit.ly/givepodcasts About Vox Vox is a news network that helps you cut through the noise and understand what's really driving the events in the headlines. Follow Us: Vox.com Facebook group: The Weeds Learn more about your ad choices. Visit megaphone.fm/adchoices

The Interface - I. Say your company makes a new email platform. In 2020, that means building not just a website but also an app — several of them, actually. You’ https://www.getrevue.co/profile/caseynewton/archive/256940 I wrote about it at some length for The Verge on Mondayat Protocolrule 3.1.1SuperhumanNewtona company that has $192.8 billion in cashfiled a formal complaint against Apple with the European UnionSpotify to buy up the crown jewels of American podcastingTom Warren at The Vergesays Margrethe Vestagerthey are open to testifying about competitionhas said he will testify as wellTony Romm in the Washington Post

The Interface - I. Say your company makes a new email platform. In 2020, that means building not just a website but also an app — several of them, actually. You’ https://www.getrevue.co/profile/caseynewton/archive/256940 I wrote about it at some length for The Verge on Mondayat Protocolrule 3.1.1SuperhumanNewtona company that has $192.8 billion in cashfiled a formal complaint against Apple with the European UnionSpotify to buy up the crown jewels of American podcastingTom Warren at The Vergesays Margrethe Vestagerthey are open to testifying about competitionhas said he will testify as wellTony Romm in the Washington Post

Today on Post Reports, Holly Bailey and Tony Romm report that as some states begin to reopen, people returning to work face life-or-death decisions. Aaron Davis explains how an ousted U.S. health official testifies that 2020 may be “the darkest winter in modern history.” And, author Mary Beard on what she’s reading during this pandemic — she recommends Rebecca Solnit’s “Recollections of My Nonexistence.”Read more:People returning to work in states that are beginning to ease social distancing measures are forced to weigh their financial well-being and the risk of contracting the coronavirus. Ousted U.S. health official Richard Bright is blowing the whistle on the Trump administration’s handling of the early weeks of the pandemic. Subscribe to The Washington Post: https://postreports.com/offer

The U.S. Treasury has been legally robbed! In this episode, discover the secret provisions in the multi-trillion dollar CARES Act that no one is talking about (like the new process for over the counter drug approvals) and discover the reasons behind problems that everyone is talking about (like why Mom & Pops can't get a small business loan approved but Fogo de Chao can.) The good news is that the problems are so obvious that they are easily fixed... If Congress ever comes back from vacation.  Please Support Congressional Dish – Quick Links Click here to contribute monthly or a lump sum via PayPal Click here to support Congressional Dish for each episode via Patreon Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank’s online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536 Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Recommended Congressional Dish Episodes CD160: Equifax Breach CD199: Surprise Medical Bills CD201: WTF is the Federal Reserve? CD212: The COVID-19 Response Laws Bills H.R.748 - CARES Act Text: H.R.748 - CARES Act Roll Call: H.R.748 - CARES Act House passed by voice vote at 1:25pm on March 27th Transcript: House debate Tom Massie demanded a recorded vote but an insufficient number of members supported him and the demand for a recorded vote was refused Signed by Trump on March 27 CARES Act Outline DIVISION A - Keeping Workers Paid and Employed, Health Care System Enhancements, and Economic Stabilization TITLE I - Keeping American Workers Paid and Employed Act Sec. 1102: "Paycheck Protection Program" (Small Business Loans) The Federal Government will guarantee 100% of the loans made under this authority between February 15, 2020 and June 30, 2020. The loans are allowed to be used by businesses to pay for their employees salaries, tips, sick and vacation time, health care, retirement benefits, and state and local taxes. Sole proprietors and independent contractors are eligible. All payments are capped at a salary rate of $100,000/yr per individual. Payments are not eligible for employees who live outside the United States, even if they are US citizens. A “small business” is defined as a business with fewer than 500 employees per physical location. Usually, franchises in a large corporate chain would be except from receiving these loans, but that exemption is waived. Nonprofits and veterans organizations are eligible as well. The maximum loan amount is $10 million. No personal guarantee or collateral can be required to get the loans between February 15, 2020 and June 30, 2020. There are no penalties allowed for prepayment of the loans. The Federal government will collect no administration fees. Interest rates are capped at 4% Fees for banks: The government will pay the bankers processing fees of 5% for loans under $350,000, 3% for loans between $350,000 and $2 million, and 1% of loans over $2 million. Loan payments must be allowed to be deferred - so no required payments of principal, interest, or fees - for at least 6 months and up to one year. The loans are allowed to be sold on the secondary market, but if the investor doesn’t want to abide by the deferment requirements, the government can buy the loan. Banks are going to be exempted from some disclosure requirements for these loans. The law authorizes $349 billion for this program. Sec. 1106: The loans from Section 1102 are eligible for forgiveness - as in you don’t have to pay them back - if the loan money was used for payroll costs, interest-only on mortgage payments (it specifically excludes payments towards the principal on a mortgage loan), rent payments, and/or utility payments. The government will pay the bankers for amount of the loan forgiven plus interest, capped at the amount of the principal on the loan. The amount of loan forgiveness will be reduced if the business employees fewer people during the COVID-19 crisis than they did before. The amount of forgiveness will be reduced by the amount of salary that employees who make less than $100,000/yr have their pay reduced beyond a 25% cut. Businesses can get loan forgiveness for extra money given to tipped employees. Businesses who re-hire their employees or re-instate employees salary to their pre-crisis level by June 30, 2020 will be eligible to have their loans forgiven. The banks will decide who will have their loans forgiven and banks are prohibited from being punished if the documentation submitted to them is wrong until June 30, 2020. Sec. 1110: From January 31, 2020 through December 31, 2020, businesses with fewer than 500 employees, sole proprietorships, and independent contractors can request a $10,000 advance to pay for employee sick leave, payroll, increased costs for materials, rent, or mortgage payments. The business can be approved using a credit score or self certification of the ability to repay. The advance can be up to $10,000 and must be paid within 3 days. If the applicant is approved for a loan, the advance will be reduced from the loan forgiveness amount. If the applicant isn’t approved, the advance doesn’t have to be repaid. $10 billion is appropriated for the advances. Sec. 1112: The government will pay the principal, interest, and fees for six months on some existing loans that are guaranteed by the government by the Small Business Act. $17 billion is appropriated for these payments. Sec. 1113: Until March 27, 2021, small businesses that want to declare bankruptcy and reorganize under Chapter 11 must have debts under $7.5 million instead of $2,725,625 as is usually the case, which increases the number of small businesses that will be eligible. TITLE II - Assistance for American Workers, Families, and Businesses SUBTITLE A: Unemployment Insurance Provisions Sec. 2102: Pandemic Unemployment Assistance Who qualifies: People who would qualify under existing State laws People who self-certify that are able to work except that the person has been diagnosed with COVID-19, someone in their home has been diagnosed with COVID-19, they are caring for someone with COVID-19, has a child whose daycare or school is closed due to COVID-19, can’t get to work because of a COVID-19 quarantine, their work is closed due to COVID-19, or they are self employed. People who do not qualify are people who have the ability to telework with pay or people who are receiving paid sick leave or other paid leave benefits Effective period: Beginning on or after January 27, 2020 and ending on or before December 31, 2020 Limits: No one can get unemployment benefits for more than 39 weeks, but this can be extended by the Secretary of Labor if needed Sec. 2104: Unemployment Amounts: It’s the amount determined by your state’s unemployment law plus $600 per week if the state chooses to enter into an agreement with the Secretary of Labor. The Federal government will pay for 100% of the costs of the extra unemployment payments and the administration costs. It’s an unlimited appropriation and it’s valid until July 31, 2020. SUBTITLE B: Rebates and Other Individual Provisions Sec. 2201: Issues a means tested “advanced refund" of $1,200 per adult and $500 per child. You only get the full amount as an adult if you make $75,000 per adult or less. People who make more than $75,000 per adult will have their check amount reduced based on their income up to about $100,000. People who make more than that will get nothing. The payment will be delivered via direct deposit to anyone who has authorized the IRS to do so since January 1, 2018 while everyone else will have to wait for checks. If we accidentally get overpaid, the IRS can’t charge us interest on that payment. The payments will be made for the 2019 tax year if you have already done your taxes for last year. If you haven’t, it’ll be based on 2018. They will send a notification in the mail to us about our payments to our last known address, which will tell us the amount and if it’s going to be delivered via direct deposit or by check. Sec. 2202: Waives rules that penalize removing money from your retirement accounts if you take the money out between January 1, 2020 and December 31, 2020.. You can take out up $100,000 in “coronavirus-related distributions”. You are allowed to pay it back in full for 3 years starting on the day you took the money out. To qualify, you have to self certify that you are someone who had COVID-19, is caring for a spouse or dependent who had COVID-19, or someone who was financially screwed in some way due to being quarantined, having work hours reduced, or having to care for a child. Sec. 2203: Waives the requirements that people over the age of 72, or their dependents who inherited their retirement accounts, to withdraw some money from the retirement accounts every year. The waiver is valid even for people who were not adversely affected by COVID-19. Sec. 2204: Allows people - even those that don’t itemize their deductions - to deduct $300 in donations in 2020 for cash payments given to charities, a government organization, educational organizations, veterans organizations… There’s a long list. Applies to taxable years starting with 2020. Sec. 2205: For people who do itemize their deductions, the current limit of cash contributions than can be written off (which is a maximum of 60% of the taxpayer’s tax bill for the year) is suspended. You can deduct up to your entire tax bill, although maybe even more because carry-overs are allowed. For corporations, the usual limit of cash contributions that can be written off (10% of the corporation’s income) is increased to 25% of the corporation’s income. The corporate limit increase is valid only in 2020. Sec. 2206: Allows employers to pay for some of an employee’s student loan - principal and/or interest - tax free if the payment is made by January 1, 2021. SUBTITLE C - Business provisions Sec. 2301: Employers with more than 100 employees will be able to get a tax credit for half of the wages they pay to their employee’s who can’t work, with a limit of $10,000 per employee per quarter. Employer with fewer than 100 employees can get the tax credit for all their employees. Employers who qualify are ones that had to close due to COVID-19 or whose gross receipts are less than 50% of what they were the same quarter last year. Employers who take out the small business loans created by this law can’t get this credit too. They will lose this tax credit in the quarter after their gross receipts are more than 80% of what they were in same quarter the prior year. This is predicted to save companies $54.6 billion. Sec. 2302: Allows employers to defer payroll taxes, with half the amount required to be paid by December 31, 2021 and the other half due by December 31, 2022. Businesses that have had loans forgiven using the provisions in this law are not eligible. Sec. 2303: The IRS code has, for many years, allowed business losses to be carried over to following years, so that the companies tax liability will be lower in the years to come. This law changes that so business losses from 2018, 2019, 2020, and 2021 can be carried backwards to each of the five years before the loss while also allowing the existing option to carry the losses forward too. The law also removes the limit that said that this couldn’t be done to offset more than 80% of taxable income for 2018, 2019, or 2020, which means this can be used to zero out their taxable income for years since 2013. This means that companies will be able to get refunds on taxes they paid on taxes going as far back as 2013. In those years, corporate tax rates were higher, so reducing their income levels retroactively lets them get more money back from those higher tax years. There’s no requirement that the businesses that get this tax gift be in any way negatively affected by COVID-19. This is estimated to provide $25.5 billion to corporations Sec. 2304: Prior to the 2017 tax cut law, individual taxpayers could deduct unlimited business losses against other kinds of income. The 2017 tax law changed that so that losses could only be used to shelter the first $250,000 or $500,000 of a married couple’s nonbusiness income, such as capital gains from stock market investments. This law retroactively removes new limits imposed by the 2017 tax law going back to 2018 and until 2021. This will allow individuals to submit amended returns and get refunds that weren’t allowed in 2018 and 2019. In reality, this will allow wealthy investors to use losses generated by depreciation in real estate to minimize their taxes on profits from things like investments in the stock market. No harm from COVID-19 needs to be proven in order to use and benefit from this provision. This is the second largest tax giveaway in this law. This is projected to cost almost $170 billion. Sec. 2305: Allows corporations expecting a refund due to the repeal of the alternative minimum tax in 2017 to get that refund faster. Sec. 2306: Increases the amount corporations can deduct on the interest expenses it pays on its loans from 30% of the company’s “adjusted taxable income” to 50%. Companies can do this regardless of any affect COVID-19 had on their business. This is projected to cost $13.4 billion. Sec. 2307: A tax credit for real estate owners, this changes a provision in the 2017 tax law to allow real estate owners to write off the costs of improvements to the interiors of their properties in the first year instead of spreading them out over many years. This is backdated to the enactment of the tax law, which will allow real estate owners to get tax refunds. Sec. 2308: Waives the federal excise tax on any alcohol used in hand sanitizer for calendar year 2020. TITLE III - Supporting America’s Health Care System in the Fight Against the Coronavirus Part 1 - Addressing Supply Shortages Subpart A - Medical Product Supplies Sec. 3101: Orders a report from the National Academies of Sciences, Engineering, and Medicine on the security of the United States medical product supply chain, specifically by evaluating the dependance of the United States and our private sector on critical drugs and devices sources or manufactured outside of the United States. Sec. 3103: Manufacturers of certain types of masks and ventilators are granted immunity from lawsuits during public health emergencies. Subpart B - Mitigating Emergency Drug Shortages Sec. 3112: Requires the manufacturers of drugs critical to the public health to report interruptions to the supply of the drug when the cause of the interruption is an interruption in the supply of the active pharmaceutical ingredient. They must also create and implement risk management plans. Is not effective until mid-September 2020. Subpart C - Preventing Medical Device Shortages Sec. 3121: Requires manufacturers of medical devices that are critical to public health to report to the government during or in advance of a public health emergency any interruptions in the manufacture of the devices that could lead to a meaningful disruption in the supply of that device in the United States. Unless it’s not possible, the government must get this notification at least 6 months prior to the date that the interruption or discontinuance is expected. The government must then distribute the information to appropriate health care industry officials. The government can keep the information from the public if disclosing it increases the likelihood of over-purchase of the product. Part II - Access to Health Care For COVID-19 Patients Subpart A - Coverage of Testing and Preventive Services Sec. 3201: Amends the Families First Coronavirus Response Act (the 2nd COVID-19 Response Law) so that coverage is only for COVID-19 tests that are “approved, cleared, or authorized” or that the developer has requested or intends to request emergency use authorization, is developed in and authorized by a State, or another test that HHS determines appropriate in writing. This provision did not change the language (loophole) that requires visits be covered only if they “result in the ordering or administration of a COVID-19 test.” Sec. 3202: Health care providers must publish on a public internet website the prices for COVID-19 testing. If health insurers have a negotiated rate with a providers, they are allowed to pay that rate if it is lower than the published rate. If there is no negotiated rate, the insurance companies must pay the amount listed on their public website. Sec. 3203: The health insurance companies “shall” be required to cover, without cost sharing, “any qualifying coronavirus preventive service” (which is “a service or immunization that is intended to prevent or mitigate coronavirus disease 2019) within 15 days of it’s official recommendation by the United States Preventive Services Task Force or the Advisory Committee on Immunization Practices of the Centers for Disease Control and Prevention. Subpart B - Support for Health Care Providers Sec. 3211: Provides $1.32 billion in extra funding for community health centers that are testing for COVID-19 Sec. 3215: Gives legal immunity in State and Federal courts to medical professionals who volunteer and provide services during the COVID-19 public health emergency declared on January 31, 2020, but the immunity is only valid for actions that took place after March 27th (the date of enactment). The immunity is not valid if the health care professional acted with willful or gross negligence or if the health professional was intoxicated by drugs or alcohol. Subpart C - Miscellaneous Provisions Sec. 3222: Elderly people who are homebound due to social distancing requirements during the COVID-19 emergency will be able to get government food deliveries as if they were homebound due to illness, as the law usually requires. Part III - Innovation Sec. 3301: Allows contracts created by BARDA (the Biomedical Advanced Research and Development Authority) during a public health emergency to continue past the end date of the public health emergency. Sec. 3302: Requires - no option - the Secretary of Health and Human Services to expedite the development and review of new animal drugs if preliminary clinical evidence indicates that the new drug might prevent or treat an animal disease that could cause serious or life-threatening diseases in humans, if the expedited process is requested by the organization creating the animal drug. Part IV - Health Care Workforce Sec. 3401: Appropriates $23.7 million per year through 2025 for grants to health professions schools and other public and nonprofit health or educational organizations, but with most of the grants being funded at significantly lower rates than they were during the Obama years. For example, for loan repayments and fellowships, they provided $5 million/yr during 2010-2014; that’s decreased to $1.2 million for 2021-2025. For educational assistance for people from disadvantaged backgrounds, they provided $60 million/yr during 2010-2014; that’s decreased to $15 million for 2021-2025. For grants to public and nonprofit private hospitals and medical schools, they provided $125 million/yr during 2010-2014; that’s decreased to under $49 million for 2021-2025. For health education center programs, they provided $125 million/yr during 2010-2014; that’s decreased to under $41.2 million for 2021-2025. For public health training centers, they provided at least $43 million/yr for 2012-2015; that’s decreased to $17 million for 2021-2025. The only category that gets significantly greater funding is a pediatric specialty loan repayment program that requires the student to work for at least 2 years in pediatric medicine to get the money. The funding level was $50 million/yr from 2010-2013, the funding is authorized to be unlimited from 2021 through 2025. All of these are authorizations for appropriations, they don’t provide any additional money. Sec. 3403: Requires grants and contracts be awarded for a Geriatrics Workforce Enhancement Program, that would train health professionals in geriatrics. The law authorizes about $40 million, but doesn’t appropriate it. This is a problem because Congress frequently will authorize programs they have no intention of funding, and without the funding, they don’t really exist. Sec. 3404: Authorizes appropriations, but does not appropriate, for nursing eduction programs about $138 million/yr for fiscal years 2021 through 2025, which is a decrease from the funding of $338 million that was valid from 2011-2016. Also authorizes, but does not appropriate, $117 million/yr from 2021-2015 for nursing student loans. Subtitle B - Education Provisions Sec. 3503: Through 2021, the requirement that all colleges match Federal funding for student work-study programs) is waived except for private for-profit organizations. Sec. 3504: Colleges will be allowed to use some of their federal Supplemental Educational Opportunity Grant money for students facing “unexpected expenses and unmet financial need”. The student can be given up to the maximum Federal Pell Grant for that year (which is currently $6,345). Sec. 3505: Allows colleges to pay student their work-study wages up to the full amount they would have been paid had there not been an emergency. They can make the payments in one-time grants or as multiple payments. Sec. 3506: The semester that students with loans couldn’t finish because of COVID-19 will not be counted towards their lifetime limits on subsidized loan eligibility. Sec. 3507: The semester that students with loans couldn’t finish because of COVID-19 will not be counted towards their lifetime limits on Pell Grant eligibility. Sec. 3508: Colleges, including for-profit colleges, that have students with loans withdraw from their schools due to COVID-19 will not have to repay the money they received from that student. The students will not have to return the money either and their loan obligation will be cancelled. The schools are allowed to let the student return after a leave of absence. Sec. 3511: Gives the Secretary of Education the option, at the request of a State, local, or tribal government, to waive statutory and regulatory requirements except for civli rights laws. The waivers may also be granted to charter schools. The waivers will not be valid past the 2019-2020 school year. Sec. 3512: During the COVID-19 emergency, the Secretary of Education can make payments - including on principal and interest - on loans issued to historically black colleges and universities through the HBCU Capital Financing Loan program, but the payments will have to be repaid to the Department of Education no sooner than one year after the COVID-19 emergency ends. The law appropriates $62 million. Sec. 3513: The Secretary of Education is required to suspend all payments due for student loans until September 30, 2020. Interest is not allowed to accrue during the suspension time. Each month during the suspicion must be treated as if the payments were made for the purpose of loan forgiveness programs. During the suspension period, student loan collections actions including wage garnishment and tax refund reductions must stop. People with student loans are allowed to keep making payments towards their principal. Sec. 3518: Allows the Secretary of Education to change the requirements, including matching requirements, for grant money given to colleges for the year of the emergency and the following fiscal year. Sec. 3519: Allows the Secretary of Education to excuse teachers from obligations they made to receive grants. The Secretary of Education is required to waive requirements that teaching service be consecutive for loan forgiveness as long as the teach completes a total of 5 years of required teaching service. Subtitle C - Labor Provisions Sec. 3606: Allows employers who will get a credit for the sick and family leave they are providing their employees to get that credit in advance. Sec. 3608: Required payments to employee pension plans can be postponed until January 1, 2021, but they must be paid with interest. Sec. 3610: Allows any government agency to change their contracts to allow the government to pay for up to 40 hours per week of paid leave that a contractor provides to its employees until September 30, 2020. This only applies to contractors who can’t work because the facilities where they work are closed and who can’t do their work remotely. Subtitle D - Finance Committee Sec. 3701: High deductible health insurance plans that do not include deductibles for telehealth services will still be considered high deductible plans. Sec. 3702: Starting on January 1, 2020, menstrual care products are considered medical products, which allows people to purchase them with Health Savings Accounts. Sec. 3703: Allows people on Medicare to be covered for telehealth visits to doctors they have not seen before. Sec. 3705: During the COVID-19 emergency, dialysis patients who receive their treatments at home do not need to meet face to face with their doctors, which allows the visit to be conducted via telehealth. Sec. 3706: The Secretary of Health and Human Services can allow hospice physicians or nurse practitioners to conduct patient visits via telehealth during the COVID-19 emergency Sec. 3709: Stops the 2% Medicare sequestration from May 1, 2020 through December 31, 2020, but extends sequestration for an extra year (to 2030 instead of 2029) Sec. 3710: Medicare will pay an extra 20% for people diagnosed with COVID-19, using “diagnosis codes, condition codes, or other such means as may be necessary” during the emergency period declared by the Secretary of Health and Human Services. Sec. 3713: Beginning on the day that a COVID-19 vaccine is licensed, Medicare will not charge a deductible for the the vaccine or its administration. Sec. 3714: Allows people on Medicare to get 90 day supplies of their drugs in a single refill for the during of the COVID-19 emergency declared by the HHS Secretary. Sec. 3719: During the emergency period, the Secretary of HHS can loan hospitals an advance of up to 6 months of Medicare payments. The payments can be made periodically or in a lump sum for up to 100% of the their usual payments, 125% for critical access hospitals. Hospitals will have to be given 120 days before any payments are decreased to offset the loans and must be given at least 1 year from the date of their first loan receipt to pay back the balance in full. Subtitle E: Health and Human Services Extenders Part I - Medicare Provisions Sec. 3803: Restores the funding levels of recently gutted low income programs. $13 billion to state health insurance programs, $7.5 billion to area agencies on aging, and $5 billion for aging and disability resources centers, and $12 billion for the National Center for Benefits and Outreach Enrollment. Part II - Medicaid Provisions Sec. 3813: Delays $4 billion in payment cuts to hospitals written into the Affordable Care Act which were supposed to begin in 2014. Hospitals were expected to be treating fewer uninsured individuals when the cuts were written into law. Part III - Human Services and Other Health Programs Sec. 3821: Extends the “Sexual Risk Avoidance Education Program” (abstinence eduction) from its scheduled end of May 22, 2020 to November 30, 2020. The program gives grants to states that agree to promote abstinence-only sex ed. Requirements and funding levels Sec. 3822: Extends the “Personal Responsibility Education Program” from its scheduled end of May 22, 2020 to November 30, 2020. Requirements and funding Part IV - Public Health Provisions Sec. 3831: Adds $1.5 billion to the funding for Community Health Centers to bring the funding to equal the 2019 funding, and funds them at the same rate through November 30, 2020. Adds $241 million to the funding for the National Health Service Corps, whose funding was allowed to lapse in December 2019, restoring its funding to equal the 2019 funding. Adds $45 million to teaching health centers that operate graduate medical programs to bring the funding to equal the 2019 funding, and funds them at the same rate through November 30, 2020. Subtitle F - Over the Counter Drugs Part 1 - OTC Drug Review Sec. 3851: Creates a new process for FDA approval of over the counter drug applications. Allows the Secretary of Health and Human Services to issue administrative orders to approve changes and new uses of over the counter drugs instead of requiring drug companies to go through the standard review process that takes longer. Companies whose applications are approved will get 18 month exclusivity on their drugs. Sec. 3854: Allows sunscreen companies with products affected by a pending FDA order to request that the HHS Secretary instead use the new, faster, less complete administrative order process created by Section 3851 for over the counter drugs. They must make this request by mid September 2020. Administrative orders issued by the HHS Secretary will be “deemed to be a final order”. As part of this process, the company may request and the HHS Secretary must conduct a “confidential meeting” with the company to discuss what data they should submit to show that their ingredients are safe and effective. Part II - User Fees Sec. 3862: Beginning in fiscal year 2021, to fund the new processes for over the counter drug approvals created by Section 3851, facilities that manufacture over the counter drugs will be assessed an annual fee and there will be either a $500,000 or $100,000 fee for requests to change drug monographs using the process created by Section 3851. Companies will not have to pay the fee if they are requesting changes to enhance warnings or instructions on the labels. TITLE IV - Economic Stabilization and Assistance to Severely Distressed Sectors of the United States Economy Subtitle A - Coronavirus Economic Stabilization Act of 2020 Sec. 4002: Defines a “covered loss” as “losses directly or indirectly as a result of coronavirus, as determined by the Secretary”, with “the Secretary” being Treasury Secretary Steven Mnuchin. “Eligible business” is an air carrier or “a United States business that has not otherwise received adequate economic relief in the form of loans or loan guarantees provided under this Act” Sec. 4003: Gives the Secretary of the Treasury the authorization to “make loans, loan guarantees and other investments” to "eligible businesses”, States, and local governments up to a total of $500 billion dollars. $46 billion must be directed at the airline industry and $454 billion will be loans, loan guarantees, and “other investments” determined by the Board of Governors of the Federal Reserve. Sec. 4004: Limits the amount of money that an employee of a business that gets a Treasury Department loan to $3 million plus half of whatever they got over $3 million in 2019 for the length of the loan plus one year. Sec. 4005: Until March 1, 2022, the Secretary of Transportation will have the authority to require any airline that takes loan money to maintain their flight schedules, as the Secretary of Transportation determines is needed. Sec. 4007: Suspends a 7.5% Federal excise tax on airlines from March 27, 2020 through the end of the year. Sec. 4008: Amends the Dodd Frank Wall Street Reform law to allow the FDIC to provide insurance for all accounts of banks that don’t accrue interest until December 31, 2020. Sec. 4009: Between March 13, 2020 and either the end of the COVID-19 emergency or December 31, 2020, the Board of Governors of the Federal Reserve is exempt from requirements that they give the public a day’s notice before their meetings and that they make public the minutes of their behind closed doors meetings. They must only keep a record of their votes and reasons for their votes which might be released to the public later (there’s no requirement that they be released). Sec. 4011: Allows unlimited lending to “nonbank financial institutions” such as insurance companies, venture capitalists, currency exchanges, and pawn shops until the end of the emergency declared on March 13 or until December 31, 2020. Sec. 4012: Lowers the amount of actual money that community banks must have in their possession from 9% to 8%, and gives the banks with less than that a “reasonable grace period” to get the money. This is valid until the end of the emergency declared on March 13 or until December 31, 2020. Sec. 4013: Allows banks to avoid counting troubled loans as troubled on their balance sheets from March 1, 2020 through December 31, 2020 or 60 days after the emergency declared on March 13th ends. Sec. 4014: Exempts banks from relatively new reporting requirements on their credit losses from March 27, 2020 through the end of the emergency declared on March 13 or December 31, 2020. Sec. 4015: Allows the Treasury Department to use its Exchange Stabilization Fund (which had $93.7 billion in it as of February 2020) to get around needing Congressional appropriations to cover any losses the Federal Reserve may need to absorb through its lending programs that allow unusual collateral to be offered like money market funds, corporate bonds, and securities. Sec. 4017: Increases the President’s power to use the Defense Production Act by waiving the requirement for Congressional authorization for projects that cost more than $50 million for two years and waives the requirement that Congress needs 30 days advanced notice before a Defense Production Act project can start for 1 year. Sec. 4018: Creates an Inspector General within the Treasury Department who will be appointed by the President. Says that when the Inspector General requests information, the agencies “shall, to the extent practicable” give him the information or else they will be reported to Congress. Sec. 4019: Prohibits loans or payments originating from the Treasury and Federal Reserve authorized by Section 4003 from going to any company in which the President, Vice President, an executive department head, member of Congress or their spouses, children, or son/daughter in laws own over 20% of the voting stock. Sec. 4020: Creates a Congressional Oversight Commission whose job is to conduct oversight of the implementation of this law by the Treasury Department and Federal Reserve. The commission will have five members: 1 appointed by the Speaker of the House (Nancy Pelosi), 1 appointed by the House minority leader (Kevin McCarthy), 1 appointed by the Senate majority leader (Mitch McConnell), 1 appointed by the Senate minority leader (Chuck Schumer), and 1 Chairperson co-appointed by the Speaker and Majority Leader (Pelosi and McConnell). Sec. 4021: Companies that allow customers to adjust their payment schedules have to report that the customer is current on their payments unless their accounts are already delinquent. This is valid from January 31, 2020 through either the end of July 2020 or 4 months after the emergency declared on March 13th ends Sec. 4022: People with Federally backed mortgages who have been affected by COVID-19 “directly or indirectly” can request and must be granted for a pause in loan payments for a maximum of about a year, but you have to request it twice (again after the first 180 days). Interest and fees will still accrue but they can’t charge any extra interest, penalties, or fees. Customers have to provide no proof of hardship. Prohibits the banks that manage Federally backed loans from moving forward with any foreclosure processes until mid-May 2020 (60 days after March 18, 2020). Sec. 4023: People/companies that own multifamily housing with 5 or more units with Federally backed mortgages who have been affected by COVID-19 “directly or indirectly” can request and must be granted for a pause in loan payments. The forbearance (pause) can be for a total of 90 days as long as the building owner requests it three times with at least 15 days notice. People who get this pause are not allowed to evict their tenants or charge them any late fees during the mortgage payment pause. Sec. 4024: Starting on March 27, 2020 and ending in late July 2020, landlords can not begin eviction proceedings for non-payment of rent or charge fees or penalties for not paying rent. Sec. 4025: Prohibits the government from attaching a string to a loan or loan guarantee that requires the business to negotiate with unions over worker pay or conditions of employment. This is valid starting on the day the business is first issued the loan and ending a year after the loan is paid off. Sec. 4026: Within 72 hours of each transaction, the Treasury Secretary must publish on the Treasury Department website a description of the transaction, the date, and the “identity of the counterparty”, the amount of the loan/guarantee/investment, how the price was determined, the interest rate, conditions, and a copy of the final term sheet. The Treasury Secretary also has to report any contracts entered into for the administration of loans or guarantees within 24 hours after the contract is entered into. The Federal Reserve has to issue reports to Congress that will have to be made public on their website within 7 days of the report being delivered to Congress. Sec. 4027: Appropriates $500 billion Sec. 4029: The authorities given to the Treasury Secretary and Board of Governors of the Federal Reserve to make loans, loan guarantees, and “investments” in businesses and banks will expire on December 31, 2020. Subtitle B - Air Carrier Worker Support Sec. 4112: The Secretary of the Treasury “shall” give money to airlines and the contractors that work with them which “shall exclusively be used for the continuation of payment of employee wages, salaries, and benefits”. Passenger air carriers will get $25 billion, cargo airlines $4 billion, and contractors will get $3 billion. Sec. 4113: The employees will have to be paid whatever rate they were paid from April 1, 2019 through September 30, 2019. Steven Mnuchin will decide all terms and conditions, other than the ones set by section 4114, 4115, and 4116. The payments have to start to be made within 10 days of enactment. The Inspector General of the Treasury Department will have to audit the certifications made by the companies about employee salary and benefit rates. Sec. 4114: Airlines or contractors that take the money can’t furlough their workers or reduce their wages or benefits until September 30, 2020, they can’t buy stock in their company or parent company, or pay out dividends. The Secretary of Transportation is also given authorization until March 1, 2022 to require only airlines or contractors that take the money to continue service to anywhere that they served as of March 1, 2020. Sec. 4115: Prohibits the government from attaching a string to a loan or loan guarantee that requires the airline or contractor to negotiate with unions over worker pay or conditions of employment. This is valid starting on the day the business is first issued the loan and ending on September 30, 2020. Sec. 4116: From March 24, 2020 through March 24, 2022, any airline or contractor that takes the money has to agree that no employee who made more than $425,000 in 2019 will be paid more than what they were paid in 2019, or will receive more than double their 2019 pay as a severance package. Employees that were paid more than $3 million can’t be paid more than $3 million plus half of the amount they were paid over $3 million in 2019. This includes salary, bonuses, stock awards and “other financial benefits”. Sec. 4117: The Treasury Secretary is allowed, but not required, to accept stock and securities and other “financial instruments” from the airlines and contractors. Sec. 4120: Appropriates $32 billion. TITLE V - Coronavirus Relief Funds Sec. 5001: Appropriates $150 billion for State, tribal and local governments. Amounts will be determined by population but each state will get at least $1.25 billion. Washington D.C. is treated as a territory and all territories will split $3 billion. Tribal governments will split $8 billion. Steven Mnuchin will decide how the tribal government money will be divided. The Inspector General of the Treasury must investigate the receipt, disbursement, and use of funds. TITLE VI - Miscellaneous Provisions Sec. 6001: Allows the Postal Service to borrow $10 billion from the Treasury Department. Division B - Emergency Appropriations for Coronavirus Health Response and Agency Operations Bureau of Prisons Sec. 12003: The Secretary of Health and Human Services “shall appropriately consider” distributing personal protective equipment and test kits to the Bureau of Prisons for use by inmates and staff. Sec. 12005: Authorizes and appropriates $300 million that the Secretary of Commerce can use for direct payments to subsistence, commercial, and charter fishery businesses. Department of Energy Sec. 14002: Extends the authority for the Secretary of Energy to sell oil from the strategic petroleum reserve and gives the Department of Energy the authority to sell $900 million worth of oil from the Strategic Petroleum Reserve, $450 million in 2021 and 2022, on top of the $450 million they can sell in 2020. The Judiciary Sec. 15002: Allows for criminal proceedings to be conducted via video teleconferencing until 30 days after the national emergency declaration terminates. It will only be allowed with the consent of the defendant or juvenile after they talk to a lawyer. Election Security Grants Provides $400 million to prepare for the 2020 Federal election cycle, domestically or internationally. The money must be given by the Election Assistance Commission to the states within 30 days. There is no direction on how the money is divided among states. The states have to submit reports on how they use the money. Money not used by December 31, 2020 has to be returned to the Treasury. Pandemic Response Accountability Committee Sec. 15010: Creates a Pandemic Response Accountability Committee that will investigate and report on the use of COVID-19 funds through September 2025. The committee will be operated by two full time paid employees and the other members will be inspectors generals from at least 9 federal agencies. The committee will have enforceable subpoena power. The committee is allowed, but not required, to hold public hearings. The committee will have a public website that is required to provide their findings, data, some contracting information, division of COVID-19 funds by state and congressional district, agency plans for use of funds, all recommendations made to the agencies, etc. Department of Homeland Security Sec. 16004: Prohibits the Department of Homeland Security from transferring War on Terror funds for the COVID-19 efforts. Sec. 16006: The Secretary of Homeland Security must extend the REAL-ID deadline until at least September 30, 2021. Department of Health and Human Services Public Health and Social Services Emergency Fund Provides an additional $27 billion for “developing necessary countermeasures and vaccines, prioritizing platform-based technologies with US based manufacturing capabilities, the purchase of vaccines, therapeutics, diagnostics, and necessary medical supplies”. Products purchased by the Federal government must be purchased in accordance with regulations on fair and reasonable pricing, ensuring affordability in the commercial market is optional. The HHS Secretary can not take any action that would slow down the development of the products. $16 billion can be spent on purchasing items for the Strategic National Stockpile. Funds can be used to construct or renovate “US based next generation manufacturing facilities, other than facilities owned by the United States government” in addition to the authority to construct or renovate private facilities that manufacture vaccines, therapeutics, and diagnostics. Adds an additional $100 billion to reimburse health care providers - public, private, and for profit - for COVID-19 expenses. Sec. 18115: Every lab that performs or analyzes a COVID-19 test must report the result of each test to the Secretary of Health and Human Services until the end of the HHS Secretary’s public health declaration with respect of COVID-19. State Department Sec. 21012: Provides $3 billion for the International Development Association (World Bank), $7.3 billion for the African Development Bank, and authorizes the Treasury “to make loans in an amount not to exceed the dollar equivalent 28,202,470,000 of Special Drawing Rights (which is approximately $38.5 billion as of April 21, 2020) OTC Drugs Bill Information Article: H.R.3443 - Over-the-Counter Monograph Safety, Innovation, and Reform Act of 2019, Congress.gov Article: S.2740 - Over-the-Counter Monograph Safety, Innovation, and Reform Act of 2019, Congress.gov Article: Roll Call Vote 116th Congress - 1st Session On Passage of the Bill (S. 2740), United States Senate, December 10, 2019 Bill Profile: H.R.3443: Clients Lobbying on H.R.3443: Over-the-Counter Monograph Safety, Innovation, and Reform Act of 2019, OpenSecrets.org Bill Profile: H.R.3443: Lobbyists lobbying on H.R.3443: Over-the-Counter Monograph Safety, Innovation, and Reform Act of 2019, OpenSecrets.org Sen. Johnny Isakson - Georgia: Top Industries 1995 - 2020, OpenSecrets.org Sen. Lamar Alexander - Tennessee: Top Industries 1995 - 2020, OpenSecrets.org Articles/Documents Update: Message from Jennifer Roberts, CEO of Chase Business Banking Chase Banking, April 23, 2020 Article: Hard-hit restaurants, gyms and other businesses are battling insurers over the coronavirus, sparking a new Washington lobbying war By Tom Hamburger and Tony Romm, The Washington Post, April 22, 2020 Article: Pelosi says Shall will stay on oversight commission after failure to disclose stock sales by Jeremy Herb and Lauren Fox, CNN, April 22, 2020.  Article: Vaccine Chief Says He Was Removed After Questioning Drug Trump Promoted The New York Times, April 22, 2020 Article: Highlights of the Nearly $500B Coronavirus Relief Bill The New York Times, April 21, 2020 Article: Publicly traded firms get $365M in small-business loans By REESE DUNKLIN, JUSTIN PRITCHARD, JUSTIN MYERS and KRYSTA FAURIA, Associated Press, April 21, 2020 Article: Restaurants’ bailout problem: Unemployment pays more By IAN KULLGREN, Politico, April 20, 2020 Article: Medical Staffing Companies Cut Doctors’ Pay While Spending Millions on Political Ads By Isaac Arnsdorf, ProPublica, April 20, 2020 Article: The coronavirus could force more doctors to sell — or shutter By Bob Herman, Axios, April 20, 2020 Article: Chase and other banks shuffled Paycheck Protection Program small business applications, lawsuit says By Dalvin Brown, USA Today, April 20, 2020 Article: Shake Shack returning $10 million government loan meant for small businesses By Stephanie Ruhle and Alex Johnson, NBC News, April 20, 2020 Article: WTI crude price goes negative for the first time in history By Cameron Wallace, World Oil, April 20, 2020 Article: In Race for Small-Business Loans, Winning Hinged on Where Firms Bank By Ruth Simon and Peter Rudegeair, The Wall Street Journal, April 20, 2020 Article: Zoom's Security Woes Were No Secret to Business Partners Like Dropbox By Natasha Singer and Nicole Perlroth, The New York Times, April 20, 2020 Article: A raw deal By Judd Legum, Popular Information, April 20, 2020 Article: The Trickle-Up Bailout By Matt Taibbi, Taibbi, April 17, 2020 Article: Donna Shalala Selection Makes a Mockery of Bailout Oversight Panel by David Dayen, The American Prospect, April 18, 2020.  Press Release: Pelosi Appoints Congresswoman Donna Shalala to Congressional Oversight Commission of the CARES Act, April 17, 2020.  Article: Ruth’s Chris Steak House Gets $20 Million From Coronavirus Aid Program By Charity L. Scott, The Wall Street Journal, April 17, 2020 Article: The COVID-19 Bailout That’s Left Every Hospital Unhappy In Its Own Way By Rachana Pradhan and Lauren Weber, Kaiser Health News, April 16, 2020 Article: I’m Overseeing the Coronavirus Relief Bill. The Strings Aren’t Attached. By Bharat Ramamurti, The New York Times, April 16, 2020 Article: House lawmakers indefinitely postpone return to Washington By Mike Lillis and Scott Wong, The Hill, April 16, 2020 Article: Paycheck Protection Program out of money: Thousands of small businesses shut out By Stephen Gandel, CBS News, April 16, 2020 Article: Here Are the Contracts Showing How $4.5 Trillion in Stimulus Was Outsourced to Wall Street By Pam Martens and Russ Martens, Wall Street on Parade, April 16, 2020 Article: Most Patients Undergoing Ground And Air Ambulance Transportation Receive Sizable Out-Of-Network Bills By Karan R. Chhabra, Keegan McGuire, Kyle H. Sheetz, John W. Scott, Ushapoorna Nuliyalu, and Andrew M. Ryan, HealthAffairs, April 15, 2020 Article: Renters Are Being Forced From Their Homes Despite Eviction Moratoriums Meant to Protect Them By Alana Semuels, Time, April 15, 2020 Article: One Person is Overseeing Congress's Bailout Loans. He Wants Answers. by Alan Rappeport, New York Times, April 15, 2020.  Article: Policy Memo: Federal Reserve Lending Facilities for Private Companies and Securitizations Americans for Financial Reform, April 15, 2020 Article: Hedge Fund Managers Claiming Bailouts as Small Businesses By Katherine Burton and Joshua Fineman, Bloomberg, April 14, 2020 Article: Rural hospitals shut out of stimulus loans face financial crisis By Rachel Roubein, Politico, April 14, 2020 Article: Tax change in coronavirus package overwhelmingly benefits millionaires, congressional body finds By Jeff Stein, The Washington Post, April 14, 2020 Article: WHITEHOUSE, DOGGETT RELEASE NEW ANALYSIS SHOWING GOP TAX PROVISIONS IN CARES ACT OVERWHELMINGLY BENEFIT MILLION-DOLLAR-PLUS EARNERS Sheldon Whitehouse, U.S. Senator for Rhode Island, April 14, 2020 Article: Your Coronavirus Check Is Coming. Your Bank Can Grab It. By David Dayen, American Prospect, April 14, 2020 Article: Tax change in coronavirus package overwhelmingly benefits millionaires, congressional body finds By Jeff Stein, The Washington Post, April 14, 2020 Article: How Some Rich Americans Are Getting Stimulus ‘Checks’ Averaging $1.7 Million By Shahar Ziv, Forbes, April 14, 2020 Article: Stimulus Oversight Panel Has One Person Trying to Watch $2.2 Trillion Alone By Joshua Green, Bloomberg, April 14, 2020 Article: Coronavirus antibody testing must be covered free of charge, feds say By Stefan Becket, CBS News, April 13, 2020 Article: Unsanitized: Meet The Corporate Bailout’s First Policeman By David Dayen, American Prospect, April 13, 2020 Article: Who's getting these hundreds of billions in government aid? For now, the public may be in the dark By Peter Whoriskey and Heather Long, The Washington Post, April 13, 2020 Article: CARES Act Package Ushers in Changes to OTC Drug Review Process Duane Morris, April 13, 2020 Article: Commission calls for review of election security standards By Tom Temin, Federal News Network, April 13, 2020 Article: Medical Staffing Companies Owned by Rich Investors Cut Doctor Pay and Now Want Bailout Money By Isaac Arnsdorf, ProPublica, April 10, 2020 Article: Furor Erupts: Billions Going To Hospitals Based On Medicare Billings, Not COVID-19 By Jay Hancock and Phil Galewitz and Elizabeth Lucas, Kaiser Health News, April 10, 2020 Article: Providers Begin Receiving $30B in Emergency Funding from HHS, Plus Newly Suspended State Regs Home Care Association of New York State Blog, April 10, 2020 Article: The Colleges Getting The Most Money From The Stimulus Bill By Wesley Whistle, Forbes, April 10, 2020 Article: It is Not All About the Coronavirus: The CARES Act Brings Long-Awaited Over-the-Counter (OTC) Monograph Reform By Genevieve Razick and Carolina Wirth, Arnall Golden Gregory LLP, JDSUPRA, April 10, 2020 Article: Unsanitized: Federal Reserve Rescue Is the Best Rescue By David Dayen, The American Prospect, April 10, 2020 Article: The Fed’s ‘Main Street’ Mistake Wall Street Journal, April 9, 2020 Article: Exclusive: These for-profit colleges could reap up to $1 billion in federal bailout money By Matt Smith, Market Watch, April 9, 2020 Article: Fed's balance sheet swells to record $6.13 trillion By Jonnelle Marte and Ann Saphir, Reuters, April 9, 2020 Article: 'Extremely Alarming': Coronavirus Stimulus Law Allows the Federal Reserve to Hold Secret Meetings on Corporate Bailouts By Jake Johnson, Common Dreams, April 9, 2020 Article: Congress Must Have Skipped the First Three Seasons of Trump Reality Show By Eleanor Eagan, The American Prospect, April 9, 2020 Alert: U.S. CARES ACT ENABLES LONG-AWAITED OTC DRUG REGULATORY MODERNIZATION: KEY HIGHLIGHTS By Brian Burgess and Julie Tibbets, Goodwin, April 8, 2020 Article: Coronavirus: CMS approves nearly $34 billion in accelerated/advance payments to healthcare providers By Keith A. Reynolds, Medical Economics, April 8, 2020 Article: Trump removes inspector general who was to oversee $2 trillion stimulus spending By Ellen Nakashima, The Washington Post, April 7, 2020 Article: Welfare for Wall Street By Nomi Prins, The Nation, April 7, 2020 Article: Congress fixed tax code “retail glitch” and gave real estate a tax windfall By Rich Bockmann and Kevin Sun, The Real Deal, April 7, 2020 Article: Trump removes inspector general who was to oversee $trillion stimulus spending By Ellen Nakashima, The Washington Post, April 7, 2020 Article: Big Restaurant, Hotel Chains Won Exemption to Get Small Business Loans By Bob Davis and Heather Haddon, The Wall Street Journal, April 6, 2020 Article: CARES Act Contains Significant New Over-The-Counter (OTC) Drug Provisions by Charles Andres, Wilson Sonsini, April 6, 2020 Article: Trump’s Aggressive Advocacy of Malaria Drug for Treating Coronavirus Divides Medical Community By Peter Baker, Katie Rogers, David Enrich and Maggie Haberman, The New York Times, April 6, 2020 Article: Private Flights Getting Cheaper Thanks to Stimulus Tax Relief By Katherine Chiglinsky and Tom Metcalf, Bloomberg, April 6, 2020 Article: 2020 CARES Act—FAQs for Nonprofit Organizations and Donors By James P. Joseph Bridget M. Weiss Dana O. Campos, Arnold & Porter, April 6, 2020 Article: What does the CARES Act mean for net operating losses and non-corporate business losses? By Douglas Charnas and Paul Leonard, JDSUPRA, April 3, 2020 Article: Trump announces intent to nominate White House lawyer Brian Miller as inspector general for $2 trillion coronavirus law by Jeff Stein, The Washington Post, April 3, 2020 Letter: Addressed to Secretary of Department of Health and Human Services, Alex Azar By Alexander Sammon, American College of Emergency Physicians, April 3, 2020 Article: Unsanitized: Why Banks Don’t Want to Help Small Businesses By David Dayen, The American Prospect, April 3, 2020 Article: Unsanitized: Aid Package Status Update By David Dayen, The American Prospect, April 2, 2020 Article: It’s Steve Mnuchin’s Economy Now By Alexander Sammon, American Prospect, April 1, 2020 Article: US aims to lease space in emergency oil stockpile, after buying plan canceled, sources say Reuters, April 1, 2020 Article: Trump may rent Strategic Petroleum Reserve storage to U.S. drillers By ARI NATTER, JENNIFER A. DLOUHY AND STEPHEN CUNNINGHAM, World Oil, April 1, 2020 Article: Temporary Waiver of Required Minimum Distribution Rules By Jean McDevitt Bullens, Baker Newman Noyes, April 1, 2020 Article: Unsanitized: It’s the First of the Month By David Dayen, The American Prospect, April 1, 2020 Article: Citigroup CEO Michael Corbat says bank is 'working around the clock' on small business relief program By Hugh Son, The CNBC, April 1, 2020 Article: Tax Savings Opportunities from the CARES Act By John Werlhof, CLA, March 31, 2020 Article: The Relief Package Ushers In Trump's Planned Economy By Matt Stoller, Wired, March 31, 2020 Article: Federal COVID-19 Economic Relief and Its Impact on the Energy Sector: An Overview Energy Alert, Akin Gump Strauss Hauer & Feld LLP, March 31, 2020 Article: Boeing Will Take Aid, Won’t Give Equity Banking Exchange, March 31, 2020 Article: Bailing Out the Bailout By Matt Taibbi, RollingStone, March 31, 2020 Article: US Banks Welcome $2trn Stimulus Package By David White and Zachary Kribs, Kidney News Online, March 30, 2020 Article: CARES Act to Improve Options for People on Home Dialysis By David White and Zachary Kribs, Kidney News Online, March 30, 2020 Statement: FDA on Signing of the COVID-19 Emergency Relief Bill, Including Landmark Over-the-Counter Drug Reform and User Fee Legislation Commissioner of Food and Drugs - Food and Drug Administration - Stephen M. Hahn M.D., U.S. Food & Drug Administration, March 30, 2020 Article: Key Provisions in the CARES Act for Health Care Providers By Health Law Practice - von Briesen & Roper, s.c., The National Law Review, March 30, 2020 Article: CARES On Campus: Stimulus Program & Higher Education By Anne Cartwright and Julie Miceli, JDSUPRA, March 30, 2020 Article: Inside the CARES Act: Changes to the Bankruptcy Code Under the CARES Act By Melissa Anne Peña, The National Law Review, March 29, 2020 Article: Lawmakers Pack Federal Stimulus Bill With Pet Provisions By Brody Mullins and Ted Mann, The Wall Street Journal, March 28, 2020 Press Release: Trump Suggests He Can Gag Inspector General for Stimulus Bailout Program By Charlie Savage, The New York Times, March 27, 2020 Press Release: Statement by the President The White House, March 27, 2020 Article: Unsanitized: The Federal Reserve Loads the Cannon By David Dayen, The American Prospect, March 27, 2020 Article: Inside the talks on the largest U.S. bailout: frantic negotiations, partisan tensions and a Trump tweet By Seung Min Kim, Mike DeBonis, Erica Werner and Paul Kane, The Washington Post, March 27, 2020 Article: Over-the-Counter (OTC) Drug Monograph Process U.S. Food & Drug Administration, March 27, 2020 Article: The Health Care Industry and the CARES Act: Insight and Next Steps Akin Gump Strauss Hauer & Feld LLP, March 27, 2020 Article: Bank Regulatory Provisions in the CARES Act By Robert Klinger, Bryan Cave Leighton Paisner, JDSUPRA, March 27, 2020 Article: Fed Releases Details of BlackRock Deal for Virus Response By Matthew Goldstein, The New York Times, March 27, 2020 Article: Stimulus Bill Allows Federal Reserve to Conduct Meetings in Secret; Gives Fed $454 Billion Slush Fund for Wall Street Bailouts By Pam Martens and Russ Martens, CounterPunch, March 27, 2020 Document: Terms of Assignment for BlackRock on Behalf of the Federal Reserve Bank of New York Regarding Secondary Market Corporate Credit Facility New York Fed, March 27, 2020 Press Release: Acting Secretary Chad Wolf Statement on the REAL ID Enforcement Deadline Homeland Security, March 26, 2020 Article: How the Fed’s Magic Money Machine Will Turn $454 Billion Into $4 Trillion By Jeanna Smialek, The New York Times, March 26, 2020 Article: Unsanitized: The Essential Imbalance of the 2020 Bailout By David Dayen, American Prospect, March 26, 2020 Article: Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package By Jesse Drucker, The New York Times, March 26, 2020 Article: Funding to refill U.S. Strategic Petroleum Reserve cut from stimulus plan By STEPHEN CUNNINGHAM, ARI NATTER AND JENNIFER A. DLOUHY, World Oil, March 25, 2020 Article: Stop the $6 Trillion Coronavirus Corporate Coup! By Matt Stoller, BIG by Matt Stoller, March 25, 2020 Article: Unsanitized: Bailouts, A Tradition Unlike Any Other By David Dayen, American Prospect, March 25, 2020 Article: Fed taps BlackRock to run emergency programs By Dawn Lim, Market Watch, March 25, 2020 Article: Avoid Taxes, Receive Federal Bailouts By Alexander Sammon, American Prospect, March 25, 2020 Document: INVESTMENT MANAGEMENT AGREEMENT New York Fed, March 25, 2020 Article: Fine Print of Stimulus Bill Contains Special Deals for Industries By Eric Lipton and Kenneth P. Vogel, The New York Times, March 25, 2020 Article: Congress to bail out firms that avoided taxes, safety regulations and spent billions boosting their stock By Jonathan O'Connell, The Washington Post, March 25, 2020 Article: 'Completely Dangerous and Unacceptable,' Ocasio-Cortez Says of Impending Senate Recess in Midst of Coronavirus Crisis By Eoin Higgins, Common Dreams, March 25, 2020 Article: Senate leaving DC until April 20 after coronavirus stimulus vote By Jordain Carney, The Hill, March 25, 2020 Article: Senate stimulus bill extends funding for abstinence education By Tyler Olson, Fox News, March 25, 2020 Article: Oil purchase to fill strategic reserve dropped from stimulus By Benjamin J. Hulac, Roll Call, March 25, 2020 Article: U.S. Fed hires BlackRock to help execute mortgage-backed securities purchases By Pete Schroeder and Michelle Price, Reuters, March 24, 2020 Article: What is the Exchange Stabilization Fund? And how is it being used in the coronavirus (COVID-19) crisis? By Sage Belz and David Wessel, Brookings, March 24, 2020 Press Release: Federal Reserve announces extensive new measures to support the economy Board of Governors of the Federal Reserve System, March 23, 2020 Article: COVID-19 Update: Federal Reserve Launches TALF (Again) By Scott A. Cammarn and Mark Chorazak, The National Law Review, March 23, 2020 Article: Trump's coronavirus eviction freeze won't keep a roof over our heads, advocates say By Tim Fitzsimons, NBC News, March 21, 2020 Article: Addressed to Speaker Pelosi, Leader McConnell, Leader McCarthy, and Leader Schumer By Ben Lane, America's Health Insurance Plans, BlueCross BlueShield Association, March 19, 2020 Article: Fannie Mae, Freddie Mac, HUD suspending all foreclosures and evictions By Ben Lane, Housing Wire, March 18, 2020 Press Release: Federal Reserve Board announces establishment of a Commercial Paper Funding Facility (CPFF) to support the flow of credit to households and businesses Board of Governors of the Federal Reserve System, March 17, 2020 Article: Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program By Steve Liesman, CNBC, March 15, 2020 Article: How the drug industry got its way on the coronavirus By Sarah Karlin-Smith, Politico, March 5, 2020 Article: How Much Of Boeing’s Revenues Comes From The U.S. Government? By Trefis Team, Great Speculations, Forbes, January 2, 2020 Article: Funding Legislation Delays $4B in Medicaid DSH Payment Cuts By Jacqueline LaPointe, Revcycle Intelligence, December 20, 2019 Article: Southwest Airlines reaches confidential settlement with Boeing for some of its 737 Max losses By Lori Aratani, The Washington Post, December 13, 2019 Article: Boeing 737 Max Factory Was Plagued With Problems, Whistle-Blower Says By David Gelles, The New York Times, December 9, 2019 Article: How Much Income Puts You in the Top 1%, 5%, 10%? By Julia Kagan, Investopedia, November 21, 2019 Article: Senator Seeks Last Win In Over-the-Counter Drug Bill (Corrected) By Alex Roff, Bloomberg Law, October 31, 2019 Article: Boeing’s 737 Woes Aren’t Hurting Its Pursuit of Military Contracts, Exec Says BY Marcus Weisgerber, Defense One, October 15, 2019 Article: What Percentage of Americans Owns Stock? By Lydia Saad, Gallup, September 13, 2019 Article: FDA Chief of Staff Calls OTC Monograph Reform a Top Priority By Michael Mezher, Regulatory Affairs Professionals Society, May 21, 2019 Article: These 30 companies, including Boeing, get the most money from the federal government By Samuel Stebbins and Michael B. Sauter, USA Today, March 29, 2019 Article: Boeing Was ‘Go, Go, Go’ to Beat Airbus With the 737 Max By David Gelles, Natalie Kitroeff, Jack Nicas and Rebecca R. Ruiz, The New York Times, March 23, 2019 Article: Agencies reporting proposal for the implementation of Current Expected Credit Losses (CECL) Deloitte, January 22, 2019 Article: FDA Opens the Door for a Broader Range of Over-the-Counter (OTC) Drugs by Charles Andres, Wilson Sonsini, August 2, 2018 Article: Jared Kushner Paid No Income Tax for years By Jesse Drucker and Emily Flitter, The New York Times, October 13, 2018 Guidance for Industry: Innovative Approaches for Nonprescription Drug Products U.S. Department of Health and Human Services, Food and Drug Administration, Center for Drug Evaluation and Research (CDER), July 2018 Article: HISTORICALLY BLACK COLLEGES AND UNIVERSITIES: Action Needed to Improve Participation in Education's HBCU Capital Financing Program Office of Public Affairs, GAO, July 26, 2018 Article: 10 Things You Didn't Know About Alex Azar By Katelyn Newman, U.S. News, January 29, 2018 Article: The Richest 10% of Americans Now Own 84% of All Stocks Rob Wile, Money, December 19, 2017 Article: Why the newest sunscreens still haven't hit the U.S. market By Brady Dennis, The Washington Post, May 11, 2015 Article: Washington’s Skin Canc

The Interface - Thanks to the Morning Brew for recommending us as an “Essential” read. Here’s hoping all of you who signed up over the weekend find The Interface https://www.getrevue.co/profile/caseynewton/archive/241296 recommending us as an “Essential” readmaps illustrating regional mobility patternsusing machine-learning systemsthe company announced early results from its symptom trackerpoint one, on the value of sizean op-ed today in the Washington Postspreading misinformation related to the coronavirusone reportIsaac Stanley-Becker and Tony Romm in the Washington Postendorsed such protestsNBC News reportedas captured by Joe Concha at The HilldebateData & Society’s Oxygen of Amplification reportanti-vaccination zealotsISISRussian election interference

School closures are a big deal for kids and parents, says education reporter Moriah Balingit. How the shift to online learning has exposed America’s deep digital divide from Tony Romm. And an audio diary of working from home with kids, from Alexis Diao.Read more:The unintended consequences of closing schools.The move to online learning is exposing Internet-access inequality among kids in the U.S.Online learning has a curve.Post Reports producer Alexis Diao keeps a diary of working from home with kids. Here are tips for working from home and keeping your sanity.Follow the Post’s live coverage of the coronavirus pandemic here. Subscribe to The Washington Post: https://postreports.com/offer

Jeff Stein explains Trump’s plan to bail out companies hit hard by the coronavirus. Tony Romm on whether Silicon Valley and the White House could use location data to fight the outbreak. And Julie Zauzmer on the Christians who say this isn’t the end of the world, though it feels like it.Read more:In an effort to alleviate the economic fallout from the coronavirus outbreak, the White House says it is considering different scenarios, including a bailout for hard-hit companies. The White House and Silicon Valley are considering using location data from mobile phones to help fight coronavirus — but what does that mean for our privacy?Everything is fine: It’s not the end of the world as we know it (according to biblical texts). Follow the Post’s live coverage of coronavirus here. Subscribe to The Washington Post: https://postreports.com/offer

Streaming services like Hulu and Roku are the newest platforms for political ads. WaPo’s Tony Romm explains why regulation still hasn’t caught up. Featuring @TonyRomm Links to resources discussed: https://www.washingtonpost.com/technology/2020/02/20/hulu-roku-political-ads-streaming/ Host: Allegra Frank @LegsFrank About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Follow Us: Newsletter: Recode Daily  Twitter: @Recode

On Post Reports, Tony Romm explains the app malfunction that’s stalling results from the Iowa caucuses.

Tony Romm examines what Facebook sees as its role in policing speech ahead the 2020 election. Jenna Portnoy and Paul Kane recount the life and legacy of Rep. Elijah Cummings. And Simon Denyer on the cultural tradition behind Japan’s dolphin hunt.

Markets had a roller coaster week as talks of an oncoming recession roiled the global economy. The White House wants social media companies to try to stop violence before it occurs, but what would that mean for privacy? Plus, how the internet is shifting the way we text and talk. Sam is joined by NPR White House reporter Ayesha Rascoe and Washington Post senior tech policy reporter Tony Romm.

The Department of Justice and the Federal Trade Commission are taking early steps into investigating tech giants Google, Apple, Facebook and Amazon. Meanwhile, lawmakers in the House of Representatives are looking into whether tech companies are too big. Plus, where the term "intersectionality" originated, what it means and why it's popping up in culture more and more. NPR Congressional reporter Kelsey Snell and Washington Post tech reporter Tony Romm join Sam for a look back at this week.

At the intersection of regulation and free speech, the "Christchurch Call" presents a challenge for a president who alleges political bias from social media sites. Tech policy reporter Tony Romm explains the potential consequences of Trump's decision.

Hello! And welcome to another edition of the Inside The Newsroom podcast newsletter. For many of you it'll be the first time receiving one, so I hope you get something out of it and please do message me with any suggestions (contact details at the bottom). Today’s Guest Is…… Sam Biddle, technology reporter at The Intercept. Sam’s worked at a host of outlets including DCist, Newser and Gawker in the past, and reports from the intersection of technological malfeasance. Above is the podcast. And below is more context of everything we talked about with links and a little analysis from yours truly.The Intercept is BornSam joined The Intercept back in 2016, shortly after it was launched in 2014 by Glenn Greenwald, Laura Poitras and Jeremy Scahill. It’s funded by eBay billionaire Pierre Omidyar. You may have heard of Greenwald and Poitras from their time in a hotel room in Hong Kong with Edward Snowden, as part of Poitras’ movie Citizenfour, which documented Snowden’s first contact with journalists about leaked NSA files. The Intercept is one of the most important news outlets in the world, imo, if not only for Greenwald calling out b******t in public as he sees it. Ben Cosman, The AtlanticAre Facebook’s Algorithm Sexist and Racist? Hmm… 🤔Sam delved into a new study showing how Facebook delivers certain adverts to people based on their race and gender, even when advertisers had asked to target a broad audience. Per the researchers: “Critically, we observe significant skew in delivery along gender and racial lines for “real” ads for employment and housing opportunities despite neutral targeting parameters. Our results demonstrate previously unknown mechanisms that can lead to potentially discriminatory ad delivery, even when advertisers set their targeting parameters to be highly inclusive.” Sam Biddle, The InterceptCan We Live Without the ‘Big Five’?Ever wondered what life could be like without Google and Facebook? I know I do all too often. Fortunately for us, Gizmodo journalist Kashmir Hill went all-in and cut the ‘Big Five’ technology companies from her life for an entire week. Personally, I’ve deleted Facebook and Instagram in the past six months and definitely feel better for it. But I’ll admit, I never knew how much of the internet’s infrastructure relied on a handful of companies and, as Kashmir found out, it’s almost impossible to operate as a human without them.Kashmir Hill, GizmodoLike Inside The Newsroom? Do us a solid and tell a friend or colleague who might enjoy it and subscribe.Add Another Zero and Then We’ll TalkThe Washington Post reported last week that Facebook could be fined between $3 billion and $5 billion by the Federal Trade Commission, for the company’s mishandling of its users’ data. That could turn out to be more than 100 times larger than the previous largest fine levied by the FTC to a technology company — $22.5 million given to Google in 2012. The problem is, though, Facebook released its latest earnings on Friday, and a $5 billion fine represents just a third of Facebook’s quarterly revenue, something the New York Times described as a “parking ticket”. Facebook’s share price rose 8 percent as a result. How do you penalize a company if a multi-billion dollar fine is good news? Elizabeth Dwoskin and Tony Romm, The Washington PostZuckerberg’s Pivot to PrivacyBack in March, Mark Zuckerberg published the latest of his trivial essays, this time on “a privacy-focused vision for social networking.” The crux of Zuckerberg’s message was that his platform would be moving to complete end-to-end encryption, that “prevents anyone — including us — from seeing what people share.” Now, on the face of it, this appears to be positive. But does this now give Facebook an out from banning the fake content and Russian trolls that have plagued its platform in recent years? Like with most things, there’s be pros and cons. But it’s hard to believe that this move has been made for user protection, especially after leaked emails showed Facebook’s real mission is to make as much money out of its users’ data.Joshua Rothman, The New YorkerThe Third Era of ZuckIt hasn’t been long since rumours of a presidential run circled Zuckerberg, but a tumultuous 24 months later, the only visit to Washington Zuck’s had has been to testify in Congress. According to Tim Hwang, who founded the California Review of Images and Mark Zuckerberg, we’ve entered the “third era of Zuck.” First there was the “plucky in the college dorm room hacker guy”; then came “world leader”; and finally we’ve entered Zuckerberg “in the wilderness.” Bearing in mind that Zuckerberg is still only 34, we’re starting to see through the cracks of what has been an efficient PR machine until now.Julia Carrie Wong, The GuardianJack Dorsey’s PR B******t TourI’ve listened to three podcasts with Jack Dorsey in the past three months and all of them were scarily similar. Even ultra-skeptical podcast hosts such as Joe Rogan struggled to crack Dorsey’s veneer, as Twitter’s co-founder and current CEO told us that he’s working on changes that will mitigate abuse and harassment on the platform, but users wouldn’t notice them. Finally, in the below episode, journalist Tim Pool puts up more of a fight and things get a bit testy. Well worth the listen. Joe Rogan Experience podcast with Jack Dorsey, Vijaya Gadde and Tim PoolRelated Podcasts#31 — Max Read (New York Magazine)#25 — Alex Hern (The Guardian)#24 — Ben Hammersley (Future Predictor)Next up…Later this week we'll have the folks of Hurricane Man on to talk about their new show and what it's like being in the middle of a hurricane.… Last week#35 — Richard Deitsch (The Athletic)Thanks so much for making it all the way to the bottom. If you haven’t already, please consider subscribing to get a newsletter about a cool news topic in your inbox every time I release a new podcast (1-2 times a week). You can find me on Twitter at @DanielLevitt32 or email me corrections/feedback or even a guest you’d like me to get on the podcast at daniellevitt32@gmail.com. Get on the email list at insidethenewsroom.substack.com

Joanna Slater and Tony Romm with analysis on the Sri Lanka attacks and the government’s response. Rachael Bade on why Speaker Pelosi is tapping the brakes on impeachment talk. Aynne Kokas on China’s first sci-fi blockbuster coming to Netflix.

Tony Romm on Facebook potentially paying up after Cambridge Analytica. Christian Davenport on how rocket launches are muddying air travel. Plus, Orion Donovan-Smith on Liberian immigrants losing protections after decades.

Live at The Wonderland Ballroom with Tony Romm, Noah Crowley, Max Gowan Ian Graham for cool riffage Tony Romm for not Tony Romo Noah Crowley for stand up Max Gowan for music The Wonderland Ballroom for venue Washington, D.C. for city Hour 6 of the 2/9/19 11 hour live marathon

  The National Endowment for Democracy is a private foundation - that receives millions of our tax dollars - that pays groups to work to change the governments of other countries. In this episode, hear highlights from a hearing during which the president of this creepy organization and the presidents of two organizations that it funds - which are controlled entirely by members of the Republican and Democratic parties - will give you some insight into what kind of work they are doing manipulating information and interfering in elections in other countries around the world. Please Support Congressional Dish – Quick Links Click here to contribute monthly or a lump sum via PayPal Click here to support Congressional Dish for each episode via Patreon Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank's online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536 Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Recommended Congressional Dish Episodes CD175: State of War CD172: The Illegal Bombing of Syria CD167: Combating Russia NDAA 2018 LIVE CD117: Authorization for Limitless War CD113: CISA is Law CD102: The World Trade Organization: COOL? Main Hearing Hearing: Democracy Promotion in a Challenging World, Senate Foreign Affairs Committee, June 14, 2018. Full Hearing Transcript Watch on YouTube Witnesses: Carl Gershman: National Endowment for Democracy: President Daniel Twining: International Republican Institute: President Kenneth Wollack: National Democratic Institute: President Timestamps & Transcripts 15:35 Representative Edward Royce (CA): At home, we must maintain the decades-old bipartisan consensus that democracy is a core element of U.S. foreign policy. That is why it’s important to have the National Endowment for Democracy, the International Republican Institute, and the National Democratic Institute here today, and that’s why it’s important that Congress continues to adequately fund these institutions.   24:30 Representative Edward Royce (CA): I’m pleased to welcome our distinguished guests here on the panel, including Mr. Carl Gershman, who has served as president of the National Endowment for Democracy since its founding in 1984. He’s a long-time friend of this committee. He’s respected worldwide for his work, especially in his efforts to help peaceably end the Cold War and transition countries from behind the Iron Curtain to democracy, and he’s done this through nongovernmental action. Before his time at NED, he was the senior counselor to the United States representative to the United Nations, where he worked on international human rights issues.   25:21 Representative Edward Royce (CA): Mr. Daniel Twining is the president of the International Republican Institute, and previously he served as the counselor and director of the Asia Program at the German Marshall Fund of the United States. He also worked here in Congress. He worked here as a foreign policy advisor to Senator John McCain.   25:45 Representative Edward Royce (CA): And we have Mr. Kenneth Wollack. He is president of the National Democratic Institute, and he has co-edited the Middle East Policy Survey and written regularly on foreign affairs for the Los Angeles Times.   27:26 Carl Gershman: I’d call your attention, for example, to some recent events, among them the remarkable democratic transition in Gambia; the fall of the corrupt Zuma government in South Africa; the stunning victory of democracy in Malaysia, and the freeing of opposition leader Anwar Ibrahim; the equally stunning triumph of democracy in Armenia; and the successful local elections in Tunisia that are, in my view, a decisive step forward in the Arab world’s first democracy. These are just a few of the examples that I could give of recent democratic advances. There is Slovakia, interesting developments in Ethiopia. Even in a country like Uzbekistan, we can see some glimmerings of some opening.   31:07 Carl Gershman: Other examples include the support that NED has given in Ukraine to the Anti-Corruption Action Center that has tirelessly led the campaign for the establishment of an independent anti-corruption court. And I’m pleased to report that just last week the Ukrainian parliament at long last approved legislation to create such a court.   37:25 Daniel Twining: In Europe, the Kremlin is deploying a sophisticated information-warfare campaign to undermine democratic institutions, erode citizen trust in democracy, and wedge apart the transatlantic alliance. This form of warfare is particularly insidious—this political warfare—because it uses core features of democracy against us—exploiting our free media, manipulating false information, undermining confidence in electoral systems. IRI’s Beacon Project is engaged in a big line of work to leverage our relationships for European political parties and civil-societies groups to track Russian misinformation, including in many local languages, and then to coordinate political responses to that.   31:46 Carl Gershman: The last example is the nonpartisan training conducted by four NGOs in Tunisia of new candidates who participated in last month’s local elections. Of the 235 individuals who were trained, 112 won seats, and 25 were at the heads of their electoral lists.   41:46 Kenneth Wollack: Authoritarian regimes are using digital tools to advance their interests, including electoral espionage and the dissemination of disinformation, to skew electoral outcomes, disrupt democratic discourse, discredit democratic institutions, and fuel ethnic and social divisions. NDI has responded by providing cybersecurity support; assisting efforts of civic, media, and political groups to detect, expose, and combat this information; and conducting new types of public-opinion research to identify populations that are most susceptible to Russian disinformation and develop messages that can build resilience. In cooperation with IRI and NED, NDI is helping to launch a new effort with democracy groups, civil-society organizations, civic-tech partners, political parties, and a global network of four million citizen election monitors to interact more regularly with the technology companies.   44:23 Kenneth Wollack: Ukrainians can point to concrete achievements in recent years. These include the emergence of new political parties that have national reach and are focused on citizens they represent rather than on oligarchs who would finance them. Brought together by NDI in partnership with the European Parliament, party factions in the Rada are overcoming deep fragmentation to agree on procedures that will make it easier to build consensus around reforms. In NDI programs alone, more than 45,000 citizens have engaged directly in the national reform process and reaching more than 1.3 million citizens through the media.   45:05 Kenneth Wollack: Another story of democratic resilience is unfolding in Syria. In northern Syria, citizen groups are prioritizing community needs, and local administrative councils are responding by providing critical services. Fifty NDI governance advisors are working each day in 34 locations to advise citizen groups and administrative councils, and bringing them together to solve problems.   49:19 Carl Gershman: But you’ve got to build a defense against it, and a lot of the groups that we helped stop fake news Ukraine and other groups like that are being able to identify fake information. We have a dialogue—a very ongoing dialogue—with the Internet companies to take down a lot of incitement, a lot of fake news. We’re connecting our grantees with the Internet companies. We have groups like Bellingcat, which is an investigative journalist group. They use open-source information. But they’ve identified the Russian general who provided the missile that shot down the Malaysian airliner.   51:30 Kenneth Wollack: But this a daily fight on the ground. Representative Edward Royce (CA): A social media fight? Wollack: Yes. To give you one example, the Democratic Party of Serbia, two weeks before the local elections, the Russians—presumably the Russians—had hacked their Facebook page, put horrible content on it. The hackers then contacted Facebook, told them to look at the site. Facebook immediately took down the Facebook page. Now, the party didn’t know who to contact. They had no contact with Facebook. They were able to contact us. Our office in Silicon Valley managed to reach the Facebook executives. They immediately took it down.   54:04 Representative Eliot Engel (NY): The budget proposal for fiscal year 2019 requested a $67 million for NED, which is a 60 percent cut from the amount which is $170 million that Congress has appropriated yearly since FY ’16.   54:59 Carl Gershman: I mean, there are, obviously, two fundamental problems with the OMB budget request for fiscal 2019: the amount and separating us from the four institutes. And both of these are devastating. I don’t even want to get into now what we would have to cut. They’re devastating—utterly devastating. It would virtually kill the whole program.   58:22 Daniel Twining: But in Malaysia, IRI’s been working with the opposition there since 2002. Malaysia was essentially a one-party majoritarian state. The ruling party had ruled since 1957. It had gerrymandered all the districts, given itself every advantage. But in this last election a month ago, the opposition won for the first time in 60-something years, and that was an example of playing the long game, right? We, the United States, supported a democratic opposition that is now in charge of this very strategic country right there on the front lines of the South China Sea, right there on the front lines of the Islamic world’s intersection with the rest of Asia, and that’s good for America.   1:09:12 Representative Gregory Meeks (NY): And Mr. Gershman, I’m a former board member at NED, so I’ve seen firsthand the work that you and your dedication and the bipartisan board of NED collectively working together to try to make sure that we have a better world for all of us.   1:12:20 Kenneth Wollack: Our engagement is not to spread falsehoods. It’s not to create fake news. It’s not to try to disrupt the process. It’s not to try to spur conflict in countries. What we’re trying to do is promote the principles, values, processes, and institutions that are enshrined in an intergovernmental organization. And our work is to try to help people engage in the political process.   1:16:34 Representative Dana Rohrabacher (CA):... did we or did we not involve ourselves heavily to undermine the democratically elected government of Yanukovych in Ukraine? And what did it bring us? It brought us turmoil and conflict—that if we’d have waited and let that government be elected, because of its flaws unelected, we would not be in this situation today where the world is more likely to go into conflict because of that. I don’t believe the Russians would’ve invaded Ukraine had we not arrogantly involved ourselves to overthrow that democratically elected government in Ukraine.   1:18:39 Representative Dana Rohrabacher (CA): So, I’ve had my say. I know I’m making everybody mad at me, but I had to say it.   1:25:59 Representative Brad Sherman (CA): And I want to turn our attention to Yerevan and Armenia. NED has allocated $1.3 million last year. Now we’ve seen a real move toward democracy. Are you going to do more, given the fluid situation there? Carl Gershman: Thank you very much for that question, Mr. Sherman. Yes. The answer is yes. Our board, which meets later this week, is making Armenia what we call a country eligible for contingency funds, which are funds set aside for new situations and, obviously, what’s happened in Armenia is very, very new. And we—I think there are several priorities that have to be addressed. There are going to be quick elections that have been called in Armenia, and those elections have to have integrity to them to give legitimacy to the current Pashinyan government. There is a parliament that oversees this, and government officials are really new to the governing game. The system has been controlled by a centralized authority for a number of years and so a lot of training is going to have to be necessary for some of the new government officials. And then, finally, there’s going to be a big information war, the kind of issue raised by Congressman Royce, and it is very essential in this period—and this is what the groups that we help are doing—is to get people reliable and independent information so they don’t make the judgments based upon the disinformation that is going to be promoted by the forces that have just been removed from power.   1:49:40 Representative Karen Bass (CA): Thank you. Thank you, Mr. Chair. And I want to welcome my colleagues from NED and IRI and NDI. And I’m a member of the NED board, for my colleagues that are here on the committee, and I have to say the work that NED does around the world is really tremendous.   2:07:52 Representative Ted Poe (TX): Globally, what do you personally see is the number-one entity that is a threat to democracy worldwide? Is it China? Is it Russia? Is it North Korea? Is it ISIS? Is it Iran? Pick one. Pick the one you think is the threat. Carl Gershman: China. Rep. Poe: China. Gershman: China. Rep. Poe: Mr. Twining. Daniel Twining: China. Rep. Poe: Mr. Wollack. Kenneth Wollack: Russia. Rep. Poe: Russia. Russia and China.   2:35:00 Carl Gershman And I think it should not be forgotten: NED was created as an independent institution so that even when you have problems, whatever the problems are with the executive branch, our work continues consistently. And I think that was a brilliant idea, and it’s in the National Endowment for Democracy Act adopted by the Congress by Dante Fascell in 1983, and I think it was brilliant to give the NED that kind of independence so that we can go forward, regardless of what the policies of the executive branch are at any particular time.   2:47:46 Carl Gershman: I take pride in the fact that when we make grants to groups abroad, I take pride that it’s with American taxpayer money. We try to protect that money. We try to make sure that every single dollar is spent well. But I take pride in the fact that that’s a demonstration of the support coming from the American people. Sound Clip Sources News Interview: The Rules-Based International Order Created by the U.S. is Being Torn Apart by the U.S., CNN, June 10, 2018. 2:30 Sen. Diane Feinstein I mean we have helped support this whole Democratic Atlantic community and more or less forged it into a single entity. And I’ve been very proud of that as an American. Speech: Madeleine K. Albright Gives Keynote Remarks at 2018 Albright Luncheon, National Democratic Institute, YouTube, May 10, 2018. 10:50 Madeline Albright We are employing every tool at our disposal from the use of focus groups to the collection of more accurate data, to connections made through social media, to the design of election observer missions, to the drafting of model laws, to partnerships with regional bodies and the United Nations, to the mobilization of public opinion from around the equator and from pole to pole. Discussion: Foreign Affairs Issue Launch with Former Vice President Joe Biden, Council on Foreign Affairs, January 23, 2018. Speakers: Joe Biden Richard Haass - President of the Council on Foreign Relations Joe Biden: I’ll give you one concrete example. I was—not I, but it just happened to be that was the assignment I got. I got all the good ones. And so I got Ukraine. And I remember going over, convincing our team, our leaders to—convincing that we should be providing for loan guarantees. And I went over, I guess, the 12th, 13th time to Kiev. And I was supposed to announce that there was another billion-dollar loan guarantee. And I had gotten a commitment from Poroshenko and from Yatsenyuk that they would take action against the state prosecutor. And they didn’t. So they said they had—they were walking out to a press conference. I said, nah, I’m not going to—or, we’re not going to give you the billion dollars. They said, you have no authority. You’re not the president. The president said—I said, call him. (Laughter.) I said, I’m telling you, you’re not getting the billion dollars. I said, you’re not getting the billion. I’m going to be leaving here in, I think it was about six hours. I looked at them and said: I’m leaving in six hours. If the prosecutor is not fired, you’re not getting the money. Well, son of a bitch. (Laughter.) He got fired. And they put in place someone who was solid at the time. Hearing: Facebook, Google and Twitter Executives on Russian Election Interference, House Select Intelligence Committee, C-SPAN, November 1, 2017. Witnesses: Kent Walker Google Senior Vice President & General Counsel Colin Stretch Facebook Vice President & General Counsel Sean Edgett Twitter Acting General Counsel 59:39 Rep. Terri Sewell (D-AL): I submit to you that your efforts have to be more than just about finding malicious and deceptive activity, that you have a responsibility—all of you have a responsibility—to make sure that we are not adding to the problem by not being as rigorous and as aggressive as we can in terms of vetting the content and in terms of making sure that we are being really dynamic in doing that.   1:57:39 Rep. Jackie Speier (D-CA): RT, Russia Today, on your platform, has 2.2 million subscribers. Fox News, on your platform, has 740,000 subscribers. CNN has 2.3 million subscribers. The Intelligence Community assessment that was made public in January spoke about RT, and it said, “RT conducts strategic messaging for Russian government. It seeks to influence politics and fuel discontent in the United States.” So my question to you is, why have you not shut down RT on YouTube? Hearing: Facebook, Google and Twitter Executives on Russian Disinformation , Senate Judiciary Subcommittee on Crime and Terrorism, October 31, 2017. Witnesses Colin Stretch - Facebook Vice President and General Counsel  Sean Edgett - Twitter Acting General Counsel  Richard Salgado - Google Law Enforcement & Information Security Director 38:25 Sen. Sheldon Whitehouse (RI): And I gather that all of your companies have moved beyond any notion that your job is only to provide a platform and whatever goes across it is not your affair. Colin Stretch: Senator, our commitment to addressing this problem is unwavering. We take this very seriously and are committed to investing as necessary to prevent this from happening again. Absolutely. Whitehouse: Mr. Edgett? Sean Edgett: Absolutely agree with Mr. Stretch, and this type of activity just creates not only a bad user experience but distrust for the platform, so we are committed to working every single day to get better at solving this problem. Whitehouse: Mr. Salgado? Richard Salgado: That’s the same for Google. We take this very seriously. We’ve made changes, and we will continue to get better. Whitehouse: And ultimately, you are American companies, and threats to American election security and threats to American peace and order are things that concern you greatly, correct? Stretch: That is certainly correct. Edgett: Agree. Salgado: That’s right.   Hearing: Subcommittee Hearing - The Collapse of the Rule of Law in Venezuela, Senate Committee on Foreign Relations, July 19, 2017. Witness Luis Almagro Secretary General of the Organization of American States 07:15 Senator Marco Rubio: I also know this, and I do not speak for the president, but I’ve certainly spoken to the president, and I will only reiterate what he has already said, and I’ve been saying this now for a number of days: it is my—I have 100% confidence that if democracy is destroyed once and for all in Venezuela on the 30th in terms of the Maduro regime, the president of the U.S. is prepared to act unilaterally in a significant and swift way. And that is not a threat; that is the reporting of the truth. Confirmation Hearing: Defense Secretary Nominee General James Mattis Says Russia is Trying to Break NATO, US Senate, C-SPAN, January 12, 2017. John McCain: For seven decades, the United States has played a unique role in the world. We’ve not only put America first, but we’ve done so by maintaining and advancing a world order that has expanded security, prosperity, and freedom. This has required our alliances, our trade, our diplomacy, our values, but most of all, our military for when would-be aggressors aspire to threaten world order. Hearing: U.S. Strategy Against ISIS, Senate Armed Services Committee, C-SPAN, December 9, 2015. 2:28:14 Sen. Lindsey Graham Here’s what I’ve done. I make an offer to our president that I believe this war is going to go on for a long time after his presidency; I believe that they’re going to go wherever they can on the planet and that we should stop them wherever necessary; and when it comes to means, we should not limit this commander in chief or any other commander in chief when it comes to means. Speech: Gov. Howard Dean - DemTools 2.0 Launch, NDI's DemTools Launch Event, December 9, 2015. 9:55 Howard Dean I’m incredibly proud to be a member of the board of NDI, which is an incredibly sophisticated organization that does not shrink from bringing democracy to any corner of the Earth, including some we’re not allowed in. We get there anyway. Speech: Sen. Tom Cotton Says US Should Shoot Down Russian Planes Over Syria, YouTube, October 1, 2015. Conference: Is the United States at a Crossroads? Domestic and Global Dimensions, Wilson Center, May 15, 2015. 15:35 Jane Harmon Ukraine. You and I were there together. Madeline lead the delegation - of course she did - for the National Democratic Institute, which she chairs and the International Republican Institute was also there during the first Ukraine election in May of last year. And among other things we met with the presidential candidates including Poroshenko and Tymoshenko and we tooled around in Kiev and I also went to Odessa to see how the voting was going. Speech: Senator Dan Sullivan's Maiden Floor Speech, US Senate, C-SPAN, January 27, 2015. 9:05 Sen. Dan Sullivan If the executive branch continues to dither on America’s economic future, Congress can and should act to expe- dite such projects. That is what we are doing with Keystone, and that is what I will be pressing the Congress to do for Alaska’s and America’s next great en- ergy infrastructure project—the Alas- ka LNG project—which will create thousands of jobs and provide clean and affordable energy to Americans and our allies for decades. Speech: Vice President Joe Biden Opens 2014 NDI Democracy Award Dinner, National Democratic Institute, December 11, 2014. 32:40 Vice President Joe Biden That’s why in Ukraine, working alongside groups like NDI, with your leadership, we’re providing to the Ukrainians, as we had to the Iraqi’s, personnel from each of our departments teaching them how to literally, as I said, write a budget, expertise from our Justice Department, teaching them the tools that are available to ensure that the court systems are free and transparent. We’re helping Ukrainian officials develop laws and regulations that will establish anti-corruption institutions within the government, enable authorities to combat corruption more effectively. Our militaries are working together to improve Ukrainian capacity to provide it’s own defense and a military system that meets the standards of democracies, while providing security assistance to counter Russian aggression. Speech: Thomas A. Daschle's Speech to NDI's 30th Anniversary Dinner, National Democratic Institute, December 16, 2013. 1:30 Tom Daschle Like many of you, - by the mission of NDI. The realization that we have had one focus now for 3 decades. And that focus is very simply to empower people to be able to govern themselves more effectively. That’s what we try to do. Speech: Mitt Romney Foreign Policy Speech, Virginia Military Institute, C-SPAN, October 8, 2012. 17:25 Mitt Romney Fortunately, we had leaders of courage and vision, both Republicans and Democrats, who knew that America had to support friends who shared our values, and prevent today’s crises from becoming tomorrow’s conflicts. Statesmen like Marshall rallied our nation to rise to its responsibilities as the leader of the free world. We helped our friends to build and sustain free societies and free markets. We defended our friends, and ourselves, from our common enemies. We led. We led. News Interview: CIA Admits Orchestrating Syrian Coup of March 1949, BBC Interview, 1967. Additional Reading Article: Who will fix Facebook? by Matt Taibbi, Rolling Stone, November 26, 2018. Article: US, Ukraine in 'close discussion' for new lethal arms by Joe Gould, Defense News, November 18, 2018. Article: Facebook purge: Here is the list of pages deleted by Facebook by Patrick Brown, The Western Journal, October 13, 2018. Biography: George Catlett Marshall, United States General, by Forrest C. Pogue, Encyclopedia Britannica, last updated October 12, 2018. Article: Anti-Media shut down by Facebook and Twitter by Caitlin Johnstone, The Anti-Media, October 11, 2018. Article: Facebook purged over 800 U.S. accounts and pages for pushing politcal spam by Elizabeth Dwoskin and Tony Romm, The Washington Post, October 11, 2018. Article: Facebook tempts political backlash with massive purge of 810 pages and accounts by Rhett Jones, Gizmodo, October 11, 2018. Article: The survivors of the Rohingya Genocide by Jason Motlagh, Rolling Stone, August 9, 2018. Article: John McCain passes the torch at the International Republican Institute by Josh Rogin, The Washington Post, August 3, 2018. Article: Exclusive: IMF backs Ukraine anti-corruption court plan by Marc Jones, Reuters, July 25, 2018. Article: Ukraine anti-corruption court law needs amending - IMF chief by Reuters, June 19, 2018. Article: Independent candidates get most votes in Tunisia's municipal election by Tarek Amara, Reuters, May 8, 2018. Article: Trump is gutting the National Endowment for Democracy, and that's a good thing by Stephen Kinzer, The Boston Globe, March 14, 2018. Article: The Trump administration wants to dismantle Ronald Reagan's 'infrastructure of democracy' by Josh Rogin, The Washington Post, March 4, 2018. Article: House Foreign Affairs Chairman Royce announces retirement by Bridget Bowman, Roll Call, January 8, 2018. Article: What the United States did in Indonesia by Vincent Bevins, The Atlantic, October 20, 2017. Article: Is John McCain's pick to lead the International Republican Institute a strike against Donald Trump? by Timothy J. Burger, Town & Country Magazine, August 10, 2017. Article: Confront authoritarianism by defending democratic values by Carl Gersham , Journal Sentinel Online, October 22, 2016. Article: Russia adds International Republican Institute to growing list of "undesirable organizations", International Republican Institute, August 18, 2016. Article: Bernie Sanders is exactly right: The media is an arm of the ruling class of this country by Brian Hanley, Huffpost, March 28, 2016. Article: Pro-democracy nonprofit is banned in Russia by Ivan Nechepurenko, The New York Times, March 11, 2016. Article: Evil internet bill CISPA is back from the dead, cleverly titled CISA by Kelly Weill, Daily Beast, October 28, 2015. Article: National Endowment for Democracy is first 'undesirable' NGO banned in Russia by Alec Luhn, The Guardian, July 28, 2015. Article: Former Soviet states stand up to Russia. Will the U.S.? by Carl Gershman, The Washington Post, September 26, 2013. Article: Russia wields hard power over Armenia by Anne Applebaum, The Washington Post, September 20, 2013. Article: Covert plan for Panama may be wrong message to send the opposition, The Los Angeles Times, August 14, 1988. Article: U.S. assembled a force in 1964 for possible use in Brazil coup by David Binder, The New York Times Archives, December 30, 1976. Article: Oil discovery in Brazil expected to aid economy, The New York Times Archives, December 9, 1964. Resources About Page: International Monetary Fund, Destruction and Reconstruction (1945-1958), Cooperation and Recovery: The Marshall Plan About Page: German Marshall Fund About Page: National Democratic Institute - Who We Are Archived Form: National Endowment for Democracy For 990 (2002-2015) Board of Directors: International Republican Institute Board of Directors: National Democratic Institute Board of Directors: National Endowment for Democracy Donation Page: National Endowment for Democracy FAQs: International Republican Institute - Who We Are Joint Statement: Department of Defense Appropriations Act, 2019, p. 406 Project Info: The Beacon Project, International Republican Institute Web Page: Democracy Assistance is Not Election Meddling: Distinguishing Support from Sabotage Letter: United States Senators to Mick Mulvaney, Director of the Office of Management and Budget, December 20, 2017 OpenSecrets: Sen. Dan Sullivan - Alaska Website: Albright Stonebridge Group Website: Bellingcat YouTube Channel: National Democratic Institute Visual Resources Tweet: @ElliotHiggins February 6, 2017 Community Suggestions See more Community Suggestions HERE. Cover Art Design by Only Child Imaginations Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio)

  Chelsea Barabas: How to balance AI and criminal justice (Ep. 136) MIT Research Scientist Chelsea Barabas and Joe Miller discuss how to balance AI and criminal justice to affect better defendant outcomes. Bio Chelsea Barabas (@chels_bar) is a research scientist at MIT, where she examines the spread of algorithmic decision making tools in the US criminal justice system. Formerly, Chelsea was the Head of Social Innovation with the MIT Media Lab’s Digital Currency Initiative. She has worked on a wide range of issues related to the use of emerging technologies to serve the public good around the world. Chelsea’s graduate research at MIT was on understanding the U.S.’s ongoing struggle to cultivate and hire a diverse technical workforce, and she conducted her graduate thesis in partnership with Code2040. She attended Stanford as an undergraduate, where she earned a B.A. in Sociology.  Resources Chelsea Barabas, Karthik Dinakar, Joichi Ito, Madars Virza, and Jonathan Zittrain. 2018. Interventions over Predictions: Reframing the Ethical Debate for Actuarial Risk Assessment. In Proceedings of the Conference on Fairness, Accountability, and Transparency (FAT*) conference (FAT* 2018). ACM, New York, NY, USA. Virginia Eubanks, Automating Inequality: How High-Tech Tools Profile, Police, and Punish the Poor (2018) News Roundup T-Mobile and Sprint announce merger plans T-Mobile and Sprint have announced merger plans again. It’s a $27 billion deal that would include Softbank giving up control of Sprint.  The combined company would be called T-Mobile and, with 98 million subscribers, the combined company would become the second largest wireless carrier, behind Verizon’s 116 million. Brian Fung and Tony Romm report in the Washington Post. Comcast launches bidding war against Fox for Sky Comcast announced that it would seek to acquire European pay TV provider Sky for $31 billion. The Murdoch’s 21st Century  Fox already has a bid for Sky on the table, but it’s $15 billion lower than Comcast’s, even though Fox already has a 39% stake in Sky. 21st Century Fox had rejected a separate bid by Comcast to acquire Fox’s entertainment assets, which Disney is now planning to purchase for $52.4 billion, which was also lower than Comcast’s proposal. Shalani Ramachandran, Amol Sharma and David Benoit report in the Wall Street Journal. EU investigates Apple’s Shazam bid EU antitrust regulators are investigating whether Apple’s bid for music identification service Shazam is anticompetitive. Apple had announced back in December that it was looking to acquire Shazam for an undisclosed amount. The EU is concerned the acquisition could limit consumer choice. Foo Yun Chee has more at Reuters. Senate confirms Nakasone to Lead NSA/Cyber Command The Senate unanimously confirmed U.S. Army Command Chief Lt. Gen. Paul Nakasone to serve as both the head of the National Security Administration and U.S. Cyber Command. He’ll replace Mike Rogers. Nakasone will also get a fourth star. SEC fines company formerly known as Yahoo! $35 million The Securities and Exchange Commission fined Altaba, the company that now owns Yahoo!’s remaining assets, over $35 million. The fine is for failing to disclose a 2014 data breach that compromised the data of over 500 million Yahoo! users. Jacob Katrenakes reports in the Verge. FTC warns app firms about collecting children’s data The Federal Trade Commission has warned app firms in China and Sweden about collecting the data of U.S. children. The Children’s Online Privacy Protection Act prohibits the collection of such data and applies to foreign companies. The China based- Gator Group and Sweden-based Tinitell, both sell smartwatches to children. In other news related to Children's privacy, YouTube has announced new parental controls for YouTube kids. Parents will now be able to limit recommendations and suggestions will now be made by humans. Did Diamond and Silk commit perjury? In testimony before the House Judiciary Committee last week, conservative African American internet personalities Diamond and Silk said under oath that President Trump’s 2016 presidential campaign never paid them. But there’s a 2016 Federal Election Commission (FEC) filing showing that the campaign paid them $1,275 for “field consulting”. Harper Neidig reports in the Hill. CBC members to meet in Silicon Valley to discuss diversity The Congressional Black Caucus is sending the largest delegation of lawmakers it has ever sent to Silicon Valley to discuss diversity. Just 3% of Silicon Valley tech workers are black, according to a Center for Investigative Reporting study. Shirin Ghaffary reports in Recode. Facebook warns SEC about more data misuse In a Securities and Exchange Commission filing, Facebook indicated that additional reports of the misuse of user data are likely forthcoming. The social media giant said it is conducting a third-party audit which it anticipates will reveal additional improprieties. Google’s Sergey Brin warns about AI threat Finally, Google co-founder Sergey Brin warned in the company’s annual Founders’ Letter about the future of AI and the fact that it is already transforming everything from self-driving cars to planetary discovery. Brin said he is optimistic about Artificial Intelligence and said that Alphabet is giving serious consideration to the ways in which AI will affect employment, how developers can control for bias in their algorithms, and the potential for AI to “manipulate people.” James Vincent notes in the Verge that Brin’s letter does not discuss the dangers of using AI for military intelligence, although the company has said its technology would be used for “non-offensive purposes only”. Still, several employees at the company are urging Alphabet to withdraw from its plans to work with the Pentagon.

Bio Brian Woolfolk (@brianpwoolfolk) is the Founding Executive Director of Full Color Future--a new think tank and advocacy organization committed to changing the narrative about people of color in media, tech and innovation. He has been passionate about inclusive tech, telecom and media policy for more than 20 years, since he got his start on Capitol Hill. Brian served as Democratic Counsel on the US House Judiciary Committee and advised Committee Members on the Telecommunications Act, media ownership diversity, and free speech issues. He also advised members and staff on constitutional, civil rights, antitrust, criminal justice and investigative issues. Prior to his Committee work, Brian served as legislative counsel to Congressman Robert C. (Bobby) Scott of Virginia, currently the Ranking Member of the House Education and Workforce Committee. Since leaving the Hill, Brian Woolfolk has worked in private practice, representing a broad array of clients with matters before Congress, federal agencies, and state and local governments. Brian also counsels clients involved in high profile Congressional Investigations. Mr. Woolfolk has extensive technology and media policy experience. His advocacy on tech policy issues began when he ran a pro bono project that provided government relations services to minority media companies challenging anti-competitive practices in the cable marketplace. Over the years, Brian has worked on surveillance, artificial intelligence, net neutrality, mergers, set top boxes, and a host of other issues related to the fight to ensure diverse tech and media interests are protected. Brian has a B.A. in Criminal Justice from the University of Maryland and a J.D. from the William & Mary Law School. Brian currently serves as a Member of the William and Mary Board of Visitors (Trustees). Resources Full Color Future Brothas Be, Yo Like George, Ain't That Funkin' Kinda Hard On You?: A Memoir by George Clinton (Atria Books, 2014) News Roundup Net neutrality and media ownership caps: next steps Of course you've heard by now that the Republican-led FCC voted to repeal the 2015 net neutrality rules which classified ISPs as "common carriers". This classification brought them directly within the scope of the Commission's so-called "Title II" authority, which is the section of the Communications Act that deals with common carriers. The net neutrality rules banned ISPs from blocking, slowing down, or prioritizing speeds for content creators who can afford to pay for higher speeds, while keeping everyone else's in the slow lane. Those rules are gone now. However, the FCC did keep the so-called "transparency rule", which continues to require ISPs to be transparent about their network management practices. Still, the definition of "transparency" is subject to broad interpretation since there is no longer any underlying rules that say what ISPs are supposed to be transparent about. The FCC and FTC have said that they intended to pursue a Memorandum of Understanding which would define how the two agencies would work together to enforce net neutrality principles. But until that's done--there are no net neutrality rules--only unenforceable principles of net neutrality. So what are the next steps? Well, first off, the FCC is likely to get sued. The most obvious basis for any lawsuit would be the way in which the FCC considered public comments in this proceeding, or, should I say--did NOT consider public comments. New York Attorney General Eric Schneiderman said last week that he would be suing the FCC for illegally rolling back the net neutrality rules. He points to the fact that there were millions of fake or fraudulent comments in the record. He also says that the Commission failed to hold public hearings. Schniederman says that repealing the rules "rewards the very perpetrators who scammed the system to advance their own agenda." Other states that are planning to sue include Washington, Illinois, Kentucky, Pennsylvania, Oregon, Delaware, Vermont, DC and Massachusetts. Advocacy organizations, like Free Press, have also expressed their intention to sue. The other route is legislation. Verge reporter Jacob Kastrenakes reports that Senate Commerce Committee Chair John Thune called on Congress last week to pass a new net neutrality law. Senate Minority Leader Chuck Schumer has said that he would force a vote under he Congressional Review Act to preserve the net neutrality rules. Shannon Liao has excellent coverage of how all of this could play out in The Verge. The FCC also passed a notice of proposed rulemaking, in which it is exploring how the FCC might reduce the broadcast ownership cap. Currently, it is illegal for a single broadcast owner to reach more than 39% of the national market. This standard was set by Congress, and it was legislation that current Republican FCC Commissioner Michael O'Rielly worked on when he was a Legislative Assistant for former Republican New Hampshire Senator John Sununu. O'Rielly opposes raising the cap because he says the Commission doesn't have the authority to do so. However, he says that it is appropriate for the FCC to consider raising the cap, since it is unlikely that Congress will do so. John Eggerton explains in Broadcasting & Cable. We should also note that David Shepardson of Reuters reports that the FCC has voted behind closed doors to fine Sinclair Broadcasting $13.3 million for failing to disclose that it ran paid programming on some of its stations that was sponsored by a cancer institute. Sinclair's proposed acquisition of Tribune Media is still pending. U.S. Senator Richard Blumenthal calls for Comcast-NBC merger investigation U.S. Senator Richard Blumental wants the DOJ to revisit the Comcast/NBCU merger that closed back in 2011. The merger conditions Comcast committed to in exchange for the merger being approved are set to expire next fall. So Blumenthal is concerned that the market harms that some have already pointed to will get worse. He wrote a letter last week to U.S. Assistant Attorney General Makan Delrahim asking him to consider breaking up Comcast/NBCU or, at a minimum, to extend the merger conditions. Ted Johnson reports for Variety. NASA discovers 8th planet orbiting distant star With the help of Google's artificial intelligence neural network, NASA has identified an 8th planet orbiting a distant star called Kepler 90, which is about 2,500 light years away from us. The planet, which is called Kepler 90i, has a 14-day orbit and is rocky and hot, with a surface temperature of 800 degrees Farenheit. It is within the first solar system humans have discovered with as many planets as our own. Maya Wei-Haas has the story in Smithsonian. Twitter cracks down on hate speech Twitter began enforcing a new policy to crack down on white nationalist hate speech on Monday, suspending accounts linked to white nationalists. The new policy prohibits users from advocating violence against civilians. Harper Neidig reports in the Hill. Former Uber lawyer alleges thatUber hacked and surveilled its competitors As you know, Uber, and Google parent company Alphabet's self driving car unit Waymo, have been embroiled in litigation. Waymo charges that a former employee took secrets back to Uber to help Uber develop its competing self-driving car. Well,  a new letter came to light last week, and it says that Uber hacked and surveilled its competitors to gain competitive insights in a way that went far beyond industry norms.  For example, the 37-page letter--dubbed Jacob's letter-- written by a former attorney to Uber's head of global intelligence, says that Uber collected the license, name and contact information of 35,000  drivers and used that information to entice them to work for Uber instead. The letter also states that Uber engaged in other less-than-savory practices as it spied on competitors. The letter was made public just days ahead of the trial that's set to commence in days. Jake Nicas reports in the Wall Street Journal. House releases answer to the Senate's Sex Trafficking bill The House of Representatives released its answer to the Senate's Stop Enabling Sex Trafficking Act last week. The House version, which is entitled the Allow States and Victims to Fight Online Sex Trafficking Act, or FOSTA, would make it so that companies can no longer claim immunity from *state* laws for third-party content that promotes sex trafficking. Section 230 of the Communications Decency Act only prevents such immunity from federal law. The House bill also prohibits ads that solicit prostitution. Jack Corrigan reports in Next.gov. Democrats push back on Disney/21st Century Fox merger Democratic lawmakers are calling for hearings on Disney's $52 billion bid for 21st Century Fox. Senator Amy Klobuchar is concerned about the merger's potential competitive harms. Representatives David Cicilline and Emanuel Cleaver want hearings as well. Tony Romm reports for Recode. Senator Brian Schatz warns about a lack of diversity in AI Hawaii Senator Brian Schatz--the top ranking internet subcommittee Democrat--scolded the tech sector for its lack of diversity at an artificial intelligence hearing last week. Schatz was particularly concerned about the lack of diversity among artificial intelligence development teams. He said that these teams are predominantly white and male and pointed to the potential for bias in setting up AI algorithms.  Ali Breland reports in The Hill. YouTube takes down Ajit Pai's 'Harlem Shake' video for 7 hours FCC Chairman Ajit Pai's video of himself doing the Harlem Shake to ease minds about repealing net neutrality didn't go over so well with DJ Baauer, who created the track. Bauer filed a copyright claim and YouTube took the video down for  7 hours.      In any case the video's back up but the ratio of dislikes to likes is some 24 to 1. with just 9,000 likes and 217, 000 dislikes. Sarah Jeong reports in the Verge.                 

Author of Point and Shoot Nature Photography Interview starts at 10:55 and ends at 40:30 “Each of us sees the beauty around us and the meaning and the pathos and the feeling that happens around us. And the more we share it one person to another, the more we realize we're really all the same. We really share an experience of life on the earth that is not just mine or yours but that belongs to us all.” News “Europe has ordered Amazon to pay nearly $300 million in back taxes” by Jason Del Rey and Tony Romm at recode - October 4, 2017 “Amazon is Testing Its Own Delivery Service to Rival FedEx and UPS” by Spencer Soper at Bloomberg - October 5, 2017 The Everything Store by Brad Stone Big savings on Kindles Tech Tip “Echo devices can now call US, Canada, and Mexico numbers for free--No extra hardware necessary” at AFTnews - September 30, 2017 Interview with Stephen Ingraham Point and Shoot Nature Photography by Stephen Ingraham Pic for Today by Stephen Ingraham Point and Shoot Nature Photographer blog Zeiss Kindle and Print publish options at Kindle Direct Publishing Stephen Ingraham on Google Plus, Instagram, and Twitter Content “Why Jeff Bezos was ecstatic over today's Nobel Prize announcement” by Tom Teodorczuk at MarketWatch - October 5, 2017 The Remains of the Day by Kazuo Ishiguro “Amazon support forums to shut down. Big mistake! Write Jeff.”law by David Rothman Dedication This episode of the show is dedicated to my uncle, Bert Tighe, who passed away on October 5, 2017, at the age of 92. Music for my podcast is from an original Thelonius Monk composition named "Well, You Needn't." This version is "Ra-Monk" by Eval Manigat on the "Variations in Time: A Jazz Perspective" CD by Public Transit Recording" CD. Please Join the Kindle Chronicles group at Goodreads!

How to Build a Lobbying Presence in Washington Before you build a lobbying presence in Washington, consider the fact that technology now touches almost every aspect of our lives. Accordingly, our policymaking has become more complex as companies develop new technologies and consumers use technology in ways that were unanticipated. What are the key issues that policymakers and businesses should be focused on as they seek to fine-tune their policy strategies? How are policymakers dealing with issues, like diversity, that policymakers have historically considered less "substantive" but which have begun to take on monumental importance in American business and politics? Why is Washington, D.C. relevant to start up and early stage ventures and how can they build a lobbying presence in Washington? You'll get answers to these questions and more on Ep. 102! Bio Named a “Top Lobbyist” by The Hill newspaper, Elizabeth Frazee (@EFrazeeDC) has a 30 year career in Washington. Elizabeth has worked in high-level jobs on Capitol Hill, as an entertainment executive, and policy representative of major companies. Elizabeth interweaves a thorough understanding of policy, communications, politics and an impressive network of contacts to manage campaigns and coalitions. A native of North Carolina, Elizabeth began her career working for her home state Senator. She then served as press secretary for the House Energy and Commerce Committee. Additionally, Elizabeth ran the legislative office of then-freshman Representative Bob Goodlatte. Goodlatte now serves as Chairman of the House Judiciary Committee. Following her time in Congress Elizabeth was director of government relations at the Walt Disney Company. There she served as the motion picture industry's representative in Digital Millennium Copyright Act (DMCA) negotiations. Those negotiations resulted in revisions to the Copyright Act. Additionally, Elizabeth also negotiated with Congress and the Federal Trade Commission (FTC) to enact the Children's Online Privacy Protection Act (COPPA). She joined AOL in the late 90's as vice president of public policy and ran its Congressional team. While at AOL she served on the front lines of Internet policy debates, helped AOL merge with Time Warner, and helped secure the passage of Permanent Normal Trade Relations with China. Then, in 2003,  Elizabeth built a private lobbying practice. That practice became TwinLogic Strategies when she and co-founder Sharon Ringley launched the firm in 2009. Elizabeth earned her law degree from the Columbus School of Law at the Catholic University of America, while working full-time for Congress. She received a Bachelor of Arts in Journalism from the University of North Carolina at Chapel Hill. Resources TwinLogic Strategies Future Crimes by Marc Goodman News Roundup Members Slam Google on Tech Diversity Most of you are familiar by now with Google's firing of James Damore. Damore is the engineer who wrote the screed that reinforced stereotypes about women working at the company. Well, lawmakers are now urging Google to ensure its stated efforts to improve diversity lead to actual diversity. In a Medium post, Silicon Valley Rep. Ro Khanna wrote that the incident highlights Google's diversity challenges. He called upon Google to do more. Further, eps. Jan Schakowsky, Pramila Jayapal, Jamie Raskin and Robin Kelly -- all Democrats -- also weighed in. They urged Google to address diversity more effectively. Tony Romm reports in Recode. In Punch to Disney, Netflix Signs Shonda Rhimes Disney announced last week that it would be ending its contract with Netflix in 2019. Disney plans to offer its content on its own standalone service. However, Netflix responded by signing hit showrunner Shonda Rhimes. Rhimes previously created such shows as Grey's Anatomy and Scandal for Disney. Rhimes has been a boon to Disney's ABC unit for more than a decade. Netflix is also negotiating with Disney the possibility of Netflix continuing to carry Marvel content after 2019. Meg James, David Ng and Tracey Lien report for the LA Times and Lizzie Plaugic reports for the Verge. Major Tech Firms Lining Up to Support "Extreme Vetting" Several tech firms are enthusiastically lining up to support President Trump's "extreme vetting" program.  Recall that on the campaign trail Trump advocated for the creation of an extreme vetting program.  The U.S. Immigration and Customs Enforcement's Homeland Security Investigations (ICE) division is now working on building the program.  The program's  goal is to determine, with pinpoint accuracy, which persons entering the country are most likely to engage in acts of terrorism. IBM, Booz Allen Hamilton, Lexis Nexis, SAS and Deloitte are among the companies interested in building this out. Sam Biddle and Spencer Woodman report for the Intercept.   Benchmark Capital Sues Travis Kalanick Benchmark Capital--a major Silicon Valley investor and Uber investor--is suing former Uber CEO Travis Kalanick for fraud, breach of contract and breach of fiduciary duty. In  a complaint filed in Delaware, Benchmark says Kalanick deceived the board into expanding Uber's board from 8 to 11. Now, Benchmark says, Kalanick holds one of the very seats he created and is attempting to pack the board with members who are sympathetic to him. Dan Primack reports for Axios. More Tech Companies Oppose Anti-Sex Trafficking Bill We reported last week that the House introduced a bill, with the support of 24 members, that seeks to curtail online sex trafficking. The bill is a response to Backpage.com, a site that hosted prostitution and sex abuse ads. Now the bipartisan bill is up to 27 sponsors. However, joining the opposition are Engine Advocacy and the Copia Institute which spearheaded a letter campaign that was signed by 30 tech companies including Kickstarter, Meetup, Medium and Reddit. They argue that the bill goes too far in restricting legal third-party content. Wendy Davis Reports in Media Post.  

How will Artificial Intelligence (AI) Affect Warfare? In today's episode we discuss the role of artificial intelligence in the future of warfare. What are the risks? How is the United States likely to fare in confrontations involving the use of AI? In a recent paper, Center for a New American Security Fellow Greg Allen and his co-author, Taniel Chan, illustrate both the risks and opportunities for the use of AI in warfare. We discuss these findings plus lessons learned from previous revolutions in the use of military technology. Bio Greg Allen (@Grecory_C_Allen) is an Adjunct Fellow with the Technology and National Security Program at the Center for a New American Security. He focuses on the intersection of Artificial Intelligence, cybersecurity, robotics, and national security. Additionally, Mr. Allen's writing and analysis has appeared in WIRED, Vox, and The Hill. In 2017, The Harvard Belfer Center for Science and International Affairs published  his report entitled “Artificial Intelligence and National Security”. Allen and his co-author, Taniel Chan conducted this  study on behalf of the U.S. Intelligence Advanced Research Projects Activity (IARPA). Mr. Allen currently works at Blue Origin, a space exploration and technology company. Prior to working at Blue Origin, he worked at Avascent, where he advised senior executives in government and the private sector. Mr. Allen holds a joint MPP/MBA degree from the Harvard Kennedy School of Government and the Harvard Business School. Further, his Master's Thesis was honored with the Belfer Center Award for Excellence in International and Global Affairs. In addition, he graduated magna cum laude from Washington University in Saint Louis, where he was awarded the Arnold J. Lien prize for outstanding graduate in Political Science. Resources DOWNLOAD THE WHITE PAPER:   Center for a New American Security Homo Deus: A Brief History of Tomorrow by Yuval Noah Harari NEWS ROUNDUP After August 31, the feds don't have to tell you how they're storing your biometric data If you're concerned about how federal law enforcement officials are storing your biometric data, you'd better act fast. After August 31, they will no longer have to tell you. The FBI's Next Generation Identification system stores things like iris scans and fingerprints that you gave during things like employment background checks.  Currently, you can find out how the feds are storing your biometric information. However, the FBI becomes exempt from the Privacy Act provision that allows this on August 31. You can find the story in next.gov. Senate confirms Rosenworcel and Carr The Federal Communications Commission is now up to 5 Commissioners. So it finally has a full panel of Commissioners. The Senate confirmed Democrat Jessica Rosenworcel and Republican Brendan Carr last week. Rosenworcel previously served as a Commissioner during the Tom Wheeler FCC for three years from 2012 to 2015. Carr is the the FCC's current General Counsel. In addition, President Donald Trump had also nominated Chairman Ajit Pai. However, the Senate did not take up Pai's nomination before the recess. The three Republicans at the Commission will now be Pai, Carr and Michael O'Rielly. And the two Democrats are Rosenworcel and Mignon Clyburn. Edward Graham has the story in Morning Consult. Tech sector opposes legal immigration restrictions The tech sector is opposing the GOP immigration bill President Trump endorsed last week which would cut legal immigration in half over 10 years. The so-called RAISE Act prefers highly skilled workers and English speakers and moves extended family members of immigrants to the back of the line. The Information Technology Industry Council (ITIC)-- the trade group that lobbies on behalf of tech giants Google, Apple, Facebook, Microsoft and others--opposes the measure. ITIC president Dean Garfield said in a statement “This is not the right proposal to fix our immigration system because it does not address the challenges tech companies face, injects more bureaucratic dysfunction, and removes employers as the best judge of the employee merits they need to succeed and grow the U.S. economy.” Tony Romm has the story in Recode. Meanwhile, Canada is emerging as the "New" New Colossus, welcoming Emma Lazaraus's "huddled masses yearning to breathe free". Canadian business and government leaders are seizing on the opportunity to welcome tech talent to Canada. David George-Cosh and Jacqui McNish report in the Wall Street Journal. Apple and Amazon bow to China, Google complies with Russia The tech sector is coming under increased pressure to conform to multinational norms. Paul Mozur at The New York Times reports that Apple has removed Chinese censor-evading VPN apps from its Chinese app store. Amazon also warned its Chinese customers to stop using software that evades China's Great Firewall. Further, in Russia, Google has begun implementing terms it settled on in a dispute with its Russian competitor, Yandex. The agreement stipulates that Google would give Russians a choice of which browser to use on Android phones. In accordance with the agreement, Google began suggesting other browsers to Russian Android users last week. David Meyer reports in Fortune. Senate passes 6 bills before recess The Senate passed 6 bipartisan technology and communications bills before they departed for recess. They include bills  to expand spectrum availability (MOBILE NOW Act S. 19), improve service in rural areas ( S. 96) , and make it easier to call 911 from hotel rooms (Kari's Law Act of 2017, S. 123). Congress wrote the latter bill in response to Brad Dunn's fatal stabbing of his wife, Kari Hunt, in a hotel room in Marshall, Texas as Hunt's 9-year-old daughter tried to call 911.  Unbeknownst to the young girl, the hotel room phone required callers to dial 9 before 911, and she was unable to reach a dispatcher. Other bills include: Spoofing Prevention Act of 2017 (S. 134): Legislation to stop misleading or inaccurate caller ID information.  Federal Communications Commission Consolidated Reporting Act of 2017 (S . 174): Legislation to require the FCC to condense duplicative reports on competition in the telecommunications market into one comprehensive report released every two years.  Developing Innovation and Growing the Internet of Things Act (DIGIT Act)(S. 88): Legislation to bring together private sector and government entities to assess the needs of the Internet of Things (IoT) and study the readiness of government to support the IoT. Senators introduce the Stop Enabling Sex Traffickers Act of 2017 Several advocacy groups are opposing a new bipartisan bill entitled the Stop Enabling Sex Traffickers Act of 2017. The bill has the support of six Senators--3 Republican and 3 Democrat--including Senators Portman, McCain, Cornyn, Blumenthal, McCaskill, and Heitkamp. The new law would allow victims of sex trafficking to sue and press charges against any website that "knowingly or recklessly" enabled sex trafficking. Additionally, it would criminalize conduct by websites that “assists, supports, or facilitates a violation of federal sex trafficking laws”. Further, it would allow the states to prosecute sites under federal sex crimes laws. Advocates argue that this new legislation would eviscerate Section 230 of the Communications Decency Act. Section 230 shields websites from liability stemming from content posted by their users. Without section 230, these advocates say, the internet as we know it simply would not exist. Further, the advocates argue that it would simply be too risky for sites like Facebook or Twitter to host user-generated content. Sarah Jeong covers this in The Verge. Facebook's new diversity report shows little progress Facebook released its fourth annual diversity report. Eighty-nine percent of its workforce self-identifies as white or Asian. However, the number of women working at Facebook has increased by 2 percentage points since last year to 35%. Nevertheless, women hold just 19% of tech positions at Facebook, although the company reports that 27% of its engineering hires are women. Looking at the senior ranks ... 70% are white, 72% are male and of the women who have cracked the glass ceiling into the c-suite, 68% are white. However, the percentage of Facebook employees who identify as black went from 2 to 3%. Hispanics when from 4 to 5%. Clare O'Connor reports in Forbes. Crowdfunding platforms block alt-right groups Blake Montgomery at Buzzfeed reports that leading fundraising platforms like PayPal, GoFundMe, and Patreon have banned or limited some members of the alt-right from using their sites. Researcher proves Amazon Echo can be a spying tool A British researcher has demonstrated how he has been able to successfully install malware on an Amazon Echo that allowed him to eavesdrop. But the hack requires physical access to the target Echo and only works on pre-2017 Echo devices. Andy Greenberg has details in Wired.

New Jersey Senator Cory Booker talks with Recode’s Tony Romm about the current state of politics under President Trump and how he thinks the U.S. government should respond to the tech sector. Booker says he’s eager to see Trump gone, but that Democrats can’t solely define themselves as the “resistance” and shouldn’t sink to his level of online vitriol. He argues that Congress should take a skeptical look at the consolidation of companies like Amazon and Whole Foods, and not accept at face value that tech’s role should be “to create a handful of billionaires”; instead, Booker says, protecting consumers and broadening America’s access to science and technology should be the top priorities. Learn more about your ad choices. Visit megaphone.fm/adchoices

Privacy, Searches, Seizures and the Law The digital age is challenging the way our judicial system balances privacy against the needs of law enforcement. The Fourth Amendment of the U.S. Constitution states: “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated.” Our devices, as well as cloud-based services like Dropbox, have revolutionized our concept of what information should be considered private. For example, in U.S. v. Graham, the U.S. District Court for the District of Maryland applied the so-called "third party doctrine". In that case, the court held that the Fourth Amendment does not protect historical cell site location data. Therefore, law enforcement officers do not require warrants to obtain access to that data. The court reasoned that the defendant communicated the data to a "third party", namely the cell phone provider. These technologies also pose significant Constitutional challenges. For example, who should set the standard of what constitutes a "reasonable expectation of privacy" in the first place? Should judges or the public determine such reasonableness? My guest today is Professor Bernard Chao --a professor at the University of Denver's Sturm College of Law, where he co-Directs the law school's Empirical Justice Program. Chao has written that, up until now, judges have had to guess about what constitutes reasonableness. Historically, judges have had to place themselves in the shoes of a hypothetical reasonable person. However, according to Chao, judges are now in a position to gather empirical data via public surveys.  This data has the potential to inform judges about what members of the public actually think constitutes reasonableness in a given context. Further, the demographic characteristics of most judges in no way reflects the far more diverse demographics of the population as a whole. Judges are often white, male and wealthier than the average citizen. Thus, their notions of reasonableness exclude other diverse perspectives. Indeed, some of Chao's research has shown that members of certain minority groups had higher standards of privacy than did the control group. Professor Chao is the lead author  of a forthcoming California Law Review article he is co-authoring along with Catherine Durso, Ian Farrell and Christopher Robertson entitled "Why Courts Fail to Protect Privacy: Race, Age, Bias, and Technology". Resources Denver Empirical Justice Institute HUGO Consulting Intellectual Privacy: Rethinking Civil Liberties in the Digital Age by Neil Richards News Roundup Uber, as you know, has a laundry list of controversies ... Susan Fowler a former Uber engineer, accused the company of fostering a hostile, sexual harassment  culture. Google is suing Uber for stealing trade secrets from its self-driving car unit, Waymo. Uber CEO Travis Kalanick has been caught on video berating an Uber driver.  The company has been hemorrhaging money, showing billions in losses, in quarter after quarter, despite revenue growth … Now, Covington and Burling Partners Eric Holder-- who is former President Barack Obama's former Attorney General-- and Tammy Albarrán are wrapping up an independent investigation they've been conducting on behalf of the company. It looks like Uber may be on the brink of requiring Kalanick to take at least a 3 month leave of absence. We'll know more when Uber releases Holder's report to employees on Tuesday. But the Board has already indicated that it would be accepting all of Holder's recommendations. One of the recommendations is to fire Emil Michael--Kalanick's chief deputy.  In the meantime, you can check out Ali Breland's complete summary in the Hill. -- Tony Romm at Recode reported that current FCC General Counsel Brendan Carr and former FCC Commissioner Jessica Rosenworcel are the two front-runners President Trump is considering to fill the two remaining Commissioner slots at the FCC. - The federal government is accusing yet another NSA contractor with leaking classified information to the public. Last week, federal agents arrested twenty-five year old Reality Leigh Winner, who had a top secret security clearance. The feds have accused Winner of sending information about Russian hacking activities to the Intercept--the online newspaper. She had served in the Air Force for 6 years prior to becoming a contractor at Pluribus International Group in Augusta, Georgia. The leaked documents revealed that Russia may have hacked a U.S. voting system manufacturer just prior to last year's presidential election. Madison Park has a full summary at CNN.com. -- Finally, Jon Brodkin reported in Ars Technica on comments made by FCC Chair Ajit Pai and Wisconsin Senator Ron Johnson on WTMJ Radio last week in which both Pai and Johnson called net neutrality a “slogan”. Johnson seemed to advocate for fast lanes (paid prioritization). But paid prioritization is a practice the Wheeler-era net neutrality rules specifically prohibits. The DC Circuit has upheld those rules, and the current FCC is now in the midst of a proceeding to overturn them. Brian Fung reports in the Washington Post that several tech companies including Etsy, Kickstarter, Mozilla, Reddit, Y Combinator, and Amazon will change their websites on July 12th to protest the FCC's apparent plan to reverse the net neutrality rules.

Shayna Cook (cook_shayna) is a policy analyst with the Education Policy program at New America. She is a member of the Learning Technologies project. Shayna researches and reports on innovation, new technologies, and digital equity issues concerning children from birth through third grade. She is a former teacher who graduated from American University with a master's degree in education, focusing on policy and leadership. She holds a bachelor's degree in classics from Howard University. In this episode, we discussed: how states can use federal funding to promote family engagement. how schools can more effectively incorporate technology to promote family engagement. how to evaluate engagement programs to determine how they improve learning outcomes. Resources: New America's Education Policy Program New Guidance on Using the Every Student Succeeds Act to Support Early Learning by Shayna Cook (New America, 2016) Lower Ed: The Troubling Rise of For-Profit Colleges in the New Economy by Tressie McMillan Cottom NEWS ROUNDUP Sinclair is acquiring Tribune broadcasting, the companies announced on Monday, for a cool $3.9 billion. Tribune owns 42 tv stations in 33 markets, WGN, digital multicast network Antenna TV, minority stakes in the TV Food Network and CareerBuilder, and a variety of real estate assets, according to the companies' press release. Even after the Republican controlled FCC threw it a bone at its last open meeting by reinstating the UHF discount, which lets broadcasters half the size of the audience their UHF stations reach, thereby enabling broadcast companies to own more stations, Sinclair may still need to divest some its stations to fall under the 39 percent cap on the national audience. Sinclair is Chaired by David Smith--a key supporter of Donald Trump. ---- President Trump signed an executive order establishing a new American Technology Council which will be tasked with coming up with ways to transform and modernize the federal government. It's not clear yet which companies will participate, but Tony Romm at Recode notes that Google, Facebook, Amazon, Microsoft have huddled with the administration in the past.  Mike Allen at Axios reported the creation of the Council was spearheaded by Trump advisor and son-in-law Jared Kushner and that the council will hold a summit in June to map out a plan for the duration of the Trump administration. Two lawmakers also created a bi-partisan Digital Trade Caucus last week which is aimed at protecting cross-border digital trade from protectionism. Minnesota Republican Erik Paulsen and Washington Democrat Suzan DelBene made the announcement last week. The Department of Justice has announced a criminal investigation into Uber.  The New York Times reported in March that the company was using a software called Greyball to circumvent local authorities in areas where Uber hasn't been approved yet. Now a grand jury in Northern California has subpoenaed documents from Uber related to the matter. Dan Levine has the story in Reuters. The State Department wants to intensify its scrutiny of visa applicants. The agency published a document last week, in line with the Trump administration's efforts to subject visa applicants to "extreme vetting", which outlines plans to require visa applicants to provide five years worth of their social media handles, phone numbers and email addresses. The public will have a chance to comment on the new proposed rules until May 18th. Yaganeh Torbati and Mica Rosenberg report in Reuters. The reined-in National Security Agency still collected 151 million phone records in 2016. Charlie Savage reports in the New York Times that the NSA previously collected billions of phone records per day, according to a transparency report released last week. The Department of Homeland Security warned of an emerging espionage campaign led by Chinese hackers. The hacker group APT10 or MenuPass group has targeted construction, aerospace, engineering and telecom companies in the past, but security analysts are now saying they found evidence that the group could now be working in tandem with the Chinese government to collect military secrets from the United States.  Chris Bing has the story in CyberScoop. Elon Musk's SpaceX boosted a classified U.S. Spy Satellite into orbit on Monday May 1st at 7:14AM. The payload is a National Reconnaissance Office satellite. SpaceX is trying to ramp up its commercial space flight program following an explosion last September that halted it. However, last week's launch was SpaceX's 4th successful launch since January, and it was flawless. Andy Pasztor reports in the Wall Street Journal. Finally, a report by an engineer at Facebook found the company rejects code submitted by female engineers at a rate that is 35% higher than their male counterparts. Facebook's most recent diversity report shows women comprise just 17% of Facebook's technical workforce. Deepa Seetharaman reports in the Wall Street Journal.

Congressman Ro Khanna talks with Recode's Kara Swisher and Tony Romm about why the people who have benefitted most from technology have a civic duty to give back to their country. Rep. Khanna's district, CA-17, covers several major Silicon Valley companies, including Apple, Intel, Yahoo and eBay, and he calls on the people creating "wealth and success" to help others succeed, including their own workers. Khanna argues that net neutrality is a major issue in need of more attention, and calls FCC chairman Ajit Pai "one of the worst picks possible in government" and a mouthpiece for the telecom industry. He also discusses immigration reform, the transition to "21st century jobs" and why President Trump's tweets are so effective. Learn more about your ad choices. Visit megaphone.fm/adchoices

John Breyault (@JammingEcono) is Vice President of Public Policy, Telecommunications and Fraud at the National Consumers League (NCL). John's focus at NCL is on advocating for stronger consumer protections before Congress and federal agencies on issues related to telecommunications, fraud, technology, and other consumer concerns. In addition, John manages NCL's Fraud Center and coordinates the Alliance Against Fraud coalition. John is also Research Director for the Telecommunications Research and Action Center (TRAC), a project of NCL. In his role with TRAC, John advocates on behalf of residential consumers of wireline, wireless, VoIP, and other IP-enabled communications services. John was a member of the FCC's Consumer Advisory Committee from 2005 to 2007 and served on the Board of the Arlington-Alexandria Coalition for the Homeless. He is a graduate of George Mason University, where he received a bachelor's degree in International Relations. In this episode, we discussed: top issues facing consumer advocates in the new administration. the risk of scaling back the FCC's privacy rules. Resources: National Consumers League (NCL) NEWS ROUNDUP The tech sector is hitting hard against the Trump administration's ostensibly temporary travel ban against 7 predominantly Muslim countries including Iraq, Syria, Iran, Libya, Somalia, Sudan and Yemen . Ninety-seven companies including, Facebook, Google, Microsoft and even Levi Strauss filed an amicus brief on behalf of the State of Washington in the 9th Circuit Court of Appeals late Sunday. The State of Washington is appealing to a 3 judge panel of the court to uphold the District Court's decision to halt the travel ban. Oral arguments in this case will take place Tuesday at 6PM. The brief is a culmination of a number of developments last week in the the growing resistance against the Trump administration's travel ban by the tech sector. Among them was Uber CEO Travis Kalanick's departure from Trump's economic advisory council.  The move follows major protests by tech employees, including Uber's employees, against Trump's Muslim travel ban, which the district court in San Francisco has temporarily suspended. Uber employees were wondering why Kalanick was still on Trump's advisory board. Two hundred thousand Uber users wondered the same thing, and deleted Uber's app from their phones. Kalanick sent a letter to Uber employees on Thursday announcing that he had quit Trump's advisory council.  Mike Isaac reports in The New York Times. Meanwhile, Tony Romm reports that Silicon Valley leaders are organizing against Trump. LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus are among those leading the effort. They have set up organizations like Win the Future which will seek out progressive candidates for future elections.  Sam Altman from Y Combinator also set up a new site called Track Trump -- a running dashboard of the Trump administration's policy changes. -- So on the one hand, FCC Chairman Ajit Pai is claiming he's going to be all about closing the so-called digital divide. He's announced small, closed-door meetings with organizations like the Multicultural Media, Telecom and Internet Council and HTTP, he's created a broadband adoption advisory board ... but on the other, his policies, thus far, can't be much more against closing the digital divide.  In fact, the moves he's been making suggest he's going in the complete opposite direction. Take for example his decision last week telling 9 companies that they can't offer broadband pricing subsidies of $9.95 per month to the poor--a program otherwise known as the Lifeline program.  The decision states that the Wheeler FCC allowed these 9 companies to provide Lifeline subsidies at the last minute and that the new FCC needs more time to consider the waste, fraud and abuse concerns the Republican commissioners have about the program. -- A U.S. magistrate judge in Philadelphia has held that Google must comply with an FBI search warrant seeking access to emails stored on Google servers abroad. This departs from a decision in the Second Circuit Court of Appeals last year holding that Microsoft did not have to comply with such a warrant. A Google spokesperson says the company will appeal. Jonathan Stempel has the story in Reuters.  -- FCC Chairman Ajit Pai has closed the set-top box proceeding. The proceeding, introduced under former Chairman Tom Wheeler, was intended to promote competition in the set-top box market by allowing consumers to choose to receive the programming they had already subscribed to on a set-top box of their choice, rather than being stuck with the one from their cable provider. Republican leaders of the House Energy and Commerce Committee had asked Pai to close the proceeding on Wednesday. On Tuesday, Pai also explicitly stated at a press conference that he "favors an open Internet but opposes Title II."  The Chairman, however, would not answer as to whether the Commission would be enforcing the FCC's net neutrality rules, which were upheld in the DC Circuit last year. -- Finally, The commission also closed the zero-rating proceeding. The Wheeler FCC had begun an inquiry into carriers' zero-rating practices towards the end of its term. Zero rating, or so-called "sponsored data", plans are ones in which carriers offer access to their own preferred content without it counting against subscribers' data caps. But net neutrality advocates argue zero-rating is a back-door to violate the FCC's net neutrality rules.  For example, Sprint has announced it will be acquiring a 33% stake in Jay-Z's streaming music service, Tidal. Net neutrality advocates are worried about what this might mean for companies like Pandora, Spotify and Apple Music if Sprint turns Tidal into a zero-rated service--offering their customers music streaming without it counting against their data caps. Chris Brantner has the story in Motherboard and David Shepardson reports on this in Reuters.

Legislators across the country are trying to regulate companies like Airbnb, but a law passed 20 years ago is making it tough. So lawmakers in places like New York are turning their attention to Airbnb users — looking to penalize people who list their homes on the site. One of the reasons users can be slapped with fines while Airbnb avoids penalties is a clause in the Communications Decency Act — a set of federal laws passed in 1996 — that says internet companies like Airbnb cannot be held responsible for whatever users post on their sites. This week on Money Talking, Tony Romm, senior technology reporter for Politico, and Olivier Sylvain, a law professor at Fordham University, discuss how a law passed before Airbnb existed shaped internet companies' ability to do business, and why it's making some lawmakers very frustrated.