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California governor Gavin Newsom has signed into law a new bill that outlaws hidden junk fees. The Consumer Financial Protection Bureau estimates that Americans spend at least $29 billion a year on junk fees. AdvertisementAdvertisementThe nonprofit watchdog Consumer Reports estimated in 2019 — based on a survey of more than 2,000 US adults — that 85% of Americans have been charged hidden junk fees. President Joe Biden has made combating junk fees a key priority for his administration since 2022. Biden said in July that "folks are tired of being played for suckers" as he announced measures cracking down on junk fees in the rental housing market.
Persons: Gavin Newsom, , Sen, Bill Dodds, Nancy Skinner, Vicki Morwitz, Morwitz, Joe Biden, Biden Organizations: Consumer Financial, Service, NBC, SB, Consumer, Bureau, CBS, Columbia Business School Locations: California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGov. Newsom vs. Big Oil: California law targets oil companies for price gougingHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Brian Jones, Republican state senator in California, and Nancy Skinner, Democratic state senator in California, join the show to discuss California's new law that targets Big Oil companies.
Gavin Newsom signed a bill into law Tuesday that gives the state’s energy commission oversight power on oil companies to determine potential price gouging and impose corresponding penalties. If their office determines price gouging occurred, they will be able to impose a penalty on oil companies. The law will give needed transparency into the state’s petroleum market and how the oil companies are coming up with pricing, according to state legislators who worked on the bill. “California has sent a clear message to the oil industry – open your books and prove that you’re not price gouging. Last November, Newsom called a special session on a potential “price gouging penalty” after previously calling on the legislature to enact a windfall tax on oil companies.
A California bill would allow non-citizens with valid work authorization to become police officers. The bill would not extend those rights to those without legal migratory status, however, contrary to what is being shared by posts on social media. Gee whiz.”Another post reads, in part, “The bill makes no distinction between legal and illegal immigrants.” (here)The posts refer to bill SB-960, which can be seen (here), introduced on Feb. 9, 2022, by California State Senator Nancy Skinner. It is a violation of federal law to work in the U.S. without valid work authorization (here), (here), (here). Bill SB-960 would amend the requirement that police officers have to be U.S. citizens or permanent residents and allow non-citizens with valid work authorization to hold the position.
A California bill allows non-citizens with valid work authorization to become police officers. Gee whiz.”Another post reads, in part, “The bill makes no distinction between legal and illegal immigrants.” (here)The posts refer to bill SB-960, which can be seen (here), introduced on Feb. 9, 2022, by California State Senator Nancy Skinner. Peace officers is a term used to refer to different law enforcement positions, such as a police officer or a sheriff (here). It is a violation of federal law to work in the U.S. without valid work authorization (here), (here), (here). Bill SB-960 amends the requirement that police officers have to be U.S. citizens or permanent residents and allow non-citizens with valid work authorization to hold the position.
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