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A fake Certificate of Votes was submitted to the U.S. Senate following Michigan’s 2020 presidential election, an official testified Tuesday during a preliminary hearing for six people facing forgery and other charges for allegedly serving as false electors. But that “purported” Certificate of Votes didn't match an official document signed by Michigan Gov. Gretchen Whitmer and featuring the Michigan state seal, said Dan Schwager, who served in 2020-2021 as general counsel to the secretary of the Senate. Michigan, Georgia and Nevada have charged fake electors. Schwager said Tuesday the false Michigan document arrived Jan. 5, 2021, to the U.S. Senate's mail services and that he reviewed it a few days later.
Persons: Gretchen Whitmer, Dan Schwager, , ” Schwager, Dana Nessel, , Joe Biden, Donald Trump, Trump, Biden, Schwager, Miriam Vincent, Vincent, Anthony Zammit, Kenneth Thompson, didn’t Organizations: U.S, Senate, Michigan Gov, Michigan, Republicans, Michigan Republican, GOP, Legal Affairs, Federal, National Archives, Michigan Republican Party, Michigan GOP Locations: Michigan, Lansing District Court, Georgia, Nevada, Wisconsin
Ramped-up domestic production of lithium is a key part of President Joe Biden's blueprint for a greener future less dependent on fossil fuels. It also confirmed the snail is currently known to exist in only 13 isolated springs within a 14-mile (22-km) radius of Thacker Pass and the Montana Mountains in Humboldt County. It said other threats include “livestock grazing, roads, drought, climate change and the Thacker Pass Lithium Mine.”Lithium Americas, which is developing the mine, said it’s done significant research and plans extensive monitoring to guard against any potential harm. Fish and Wildlife Service and are confident it will reaffirm that we’re building an environmentally responsible project with no impacts to the snail,” he said in an email to The Associated Press. Paiute and Shoshone tribes also say the mine is being built on sacred land at Thacker Pass where more than two dozen of their ancestors were massacred by U.S. troops in 1865.
Persons: Thacker, Joe Biden's, ” Paul Ruprecht, pyrg, it’s, , Tim Crowley Organizations: Nevada -, Fish, Wildlife Service, Federal Register, Interior Department, , ESA, Thacker, U.S . Fish, Associated Press, Land Management Locations: RENO, Nev, Nevada, Nevada - Oregon, U.S, Idaho, Reno, Thacker, Montana, Humboldt County
The Education Department agreed to add an additional negotiation session for student-debt relief. AdvertisementFollowing mounting pressure from Democratic lawmakers and advocates, the Education Department said it would allow another opportunity to expand its second student-debt relief plan. On Wednesday, the Education Department announced it will hold a fourth negotiation session on February 22 and 23 to discuss including borrowers with financial hardship in its second attempt at student-debt cancellation. The Education Department agreed to that request. "We look forward to discussing another avenue for borrower relief related to hardship at our next negotiation session," Kvaal said.
Persons: , Joe Biden's, Education James Kvaal, Harris, Kvaal Organizations: Education Department, Service, Democratic, Higher, Education, Biden, Harris Administration, Federal
The pressure keeps building on President Joe Biden's Education Department to include as many student-loan borrowers as possible in its second debt relief plan. After the Supreme Court struck down Biden's first attempt at broad debt cancellation, the Education Department announced it would be pursuing a new route for relief using the Higher Education Act of 1965. However, it did not include a category for borrowers with financial hardship, and some of the negotiators are requesting an additional session to discuss that topic. "As we repeatedly stated in the negotiations, we think that regulations that allow the Secretary to provide debt relief based on borrowers' financial hardship are a critical part of any debt cancellation agenda," they wrote. The Education Department has not yet commented on whether it will add an additional session.
Persons: Joe Biden's, Miguel Cardona, Biden's Organizations: Service, Joe Biden's Education Department, Business, Education Department, Higher, The Education Department, Democratic, Department, Federal
Journal Editorial Report: Paul Gigot interviews pollster Mark Penn. Images: AP/Zuma Press Composite: Mark KellyThe Supreme Court has been trying to restore the proper constitutional balance of power, and its next opportunity comes Wednesday when it hears two cases challenging its own landmark Chevron doctrine (Loper Bright Enterprises, Inc., v. Raimondo and Relentless, Inc. v. Dept. In 1984 in Chevron v. NRDC, the Justices ruled that courts should defer to administrative agencies’ interpretation of laws when the statutory text is silent or ambiguous. In practice this has become a license for Congress to write vague laws that delegate legislative power to administrative agencies. Over the last 40 years the federal register of regulations has grown by tens of thousands of pages.
Persons: Paul Gigot, pollster Mark Penn, Mark Kelly, Raimondo Organizations: Zuma, Bright Enterprises, Inc Locations: Chevron v
The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. The SEC move is mandated by the Dodd Frank law, aimed at eradicating behavior seen in the 2008 global financial crisis. The rule is among the last to be adopted under 2010's Dodd Frank Wall Street reform legislation and faced a winding road to completion. Parties covered by the rule include underwriters, placement agents and sponsors for asset-backed securities. The SEC says it will require compliance with the rule for asset-backed securities with closing dates falling 18 months after the rule appears in the Federal Register.
Persons: Andrew Kelly, Dodd Frank, Dodd Frank Wall, Gary Gensler, Hester Peirce, Goldman Sachs, Douglas Gillison, David Gregorio, Marguerita Choy Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, SEC, Republican, Senate, Federal Register, Thomson Locations: Washington ,
The federal government is delaying a new rule that could make it easier for millions of workers to unionize after business groups challenged it in court. The National Labor Relations Board said Thursday that the rule — which was scheduled to go into effect in December — will now be effective Feb. 26. The rule sets new standards for determining when two companies should be considered “joint employers" in labor negotiations. But the new rule would expand that definition, saying companies may be considered joint employers if they have the ability to control — directly or indirectly — at least one condition of employment. But the NLRB says the current rule makes it too easy for companies to avoid their legal responsibility to bargain with workers.
Persons: McDonald's isn't, National Retail Federation —, Sen, Bill Cassidy, Cassidy, Democratic Sen, Joe Manchin, Joe Biden Organizations: National Labor Relations Board, Republican, U.S . Chamber of Commerce, American, Lodging Association, International Franchise Association, National Retail Federation, NLRB, U.S, Louisiana Republican, Health, Education, Labor, Pensions, Federal, Democratic, House Locations: , Texas, Louisiana, West Virginia
A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. Shares in Applied Materials fell 7.3% after the news and the company reported quarterly results. Reuters could not determine whether Applied Materials violated the law, and it isn't clear whether the investigation will result in charges. SMIC did not immediately respond to a request for comment on the shipments from Applied Materials. A spokesperson for China's embassy in Washington was not aware of the Applied Materials probe.
Persons: Dado Ruvic, SMIC, Liu Pengyu, Karen Freifeld, Anna Driver Organizations: REUTERS, Semiconductor, Applied, Justice Department, Reuters, Materials, Justice and Commerce, Attorney's, Prosecutors, National Security Unit, China's Semiconductor Manufacturing International Corporation, U.S . Commerce Department, Commerce Department, Federal Register, Lam Research Corp, U.S . Securities, Exchange Commission, Thomson Locations: U.S, South Korea, China, Santa Clara , California, Massachusetts, Boston, Gloucester, Washington
Washington put the institute on the list in 2020 over alleged abuses against Uyghurs and other minority groups, effectively barring it from receiving most goods from U.S. suppliers. Former Chinese ambassador to the U.S. Qin Gang in an interview last year described it as "shocking" the U.S. would sanction the institute, which he described as essential to controlling fentanyl. The Chinese embassy in Washington did not immediately respond to a request for comment. As part of the meeting, the men agreed to cooperate on addressing the source of the opioid fentanyl, with China promising to go directly after specific chemical companies that make fentanyl precursors. Reporting by Paul Grant and Alexandra Alper; Editing by Doina Chiacu, Chizu Nomiyama and Josie KaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Joshua Roberts, Biden, U.S . Qin Gang, Xi Jinping, Paul Grant, Alexandra Alper, Doina Chiacu, Chizu Nomiyama, Josie Kao Organizations: of Commerce, REUTERS, Rights, Ministry of Public Security’s Institute of Forensic Science, U.S . Qin, Reuters, Economic Cooperation, U.S . Centers for Disease Control, Prevention, Federal Register, Commerce, Defense, Energy, Treasury, Thomson Locations: Washington , U.S, Beijing, United States, Washington, U.S, San Francisco, Asia, China, State
The H-1B visa is one of the few that allow foreign employees to eventually become U.S. permanent residents and citizens. Photo: etienne laurent/ShutterstockWASHINGTON—The Biden administration is proposing major changes to the H-1B visa program for high-skilled foreign professionals, after the government found earlier this year that companies had colluded to try to increase their chances of winning a coveted visa. The proposal, published by the Department of Homeland Security in the Federal Register on Monday, would revise how the H-1B visa lottery is run.
Persons: etienne laurent, Shutterstock, Shutterstock WASHINGTON —, Biden, colluded Organizations: Shutterstock WASHINGTON, Department of Homeland Security, Federal Locations: U.S
Eli Lilly logo is shown on one of the company's offices in San Diego, California, U.S., September 17, 2020. Lilly is accusing the online pharmacies of infringing its trademark for Mounjaro, falsely associating themselves with Lilly and approved tirzepatide, and making false or misleading statements in their advertisements related to tirzepatide. “The unapproved drug products are dangerous research chemicals that are not approved for human consumption and have no connection to Eli Lilly or Mounjaro,” Lilly said in its lawsuit. Lilly is the only company with U.S. Food and Drug Administration approval to sell tirzepatide products. The suit comes exactly one month after Eli Lilly sued 10 U.S. medical spas, wellness centers and compounding pharmacies at federal courts in Arizona, Florida, Georgia, Minnesota, South Carolina and Utah for selling products claiming to contain tirzepatide.
Persons: Eli Lilly, Mike Blake, drugmaker, Britain’s Biolabshop, Audrey Beauty, Lilly, Mounjaro, ” Lilly, Patrick Wingrove, Bill Berkrot Organizations: REUTERS, U.S . International Trade Commission, Labs, Mew Mews Company, ITC, Federal Register, U.S . Food, Drug Administration, FDA, Thomson Locations: San Diego , California, U.S, Indianapolis, Poland, Arizona , Florida, Georgia, Minnesota, South Carolina, Utah, Nordisk’s
The Education Department is beginning negotiations for its new broad student-debt relief plan. Borrowers can submit a request to comment on the negotiations at the end of each day. AdvertisementAdvertisementPresident Joe Biden's Education Department is about to embark on its next step to enact broad student-loan forgiveness. At the end of September, the Education Department released new details on what the negotiation sessions will look like. AdvertisementAdvertisementThe Education Department is aware of the challenges borrowers are facing — but there's no clear timeline for when the issues will be resolved.
Persons: , Joe Biden's, they've, I've, Miguel Cardona Organizations: Department, Service, Joe Biden's Education Department, Higher, Education Department, Management, Federal Register
WASHINGTON, Oct 5 (Reuters) - President Joe Biden's administration said on Thursday it will add sections to a border wall to stave off record migrant crossings from Mexico, carrying forward a signature policy of former President Donald Trump. Trump made building border barriers a central tenet of his first campaign for president with the rally chant, "Build That Wall." Homeland Security Secretary Alejandro Mayorkas said in a statement that there was "no new Administration policy with respect to border walls. From day one, this Administration has made clear that a border wall is not the answer." In another major enforcement action announced on Thursday, Biden administration officials said they would be resuming deportation flights to Venezuela, which had been suspended because of chilly relations between the two countries.
Persons: Joe Biden's, Donald Trump, Biden, Trump, Alejandro Mayorkas, Mayorkas, Will Joe Biden, Andres Manuel Lopez Obrador, Brian Snyder, Laiken, Eric Adams, Mica Rosenberg, Nandita Bose, Doina Chiacu, Jason Lange, Jeff Mason, Raúl Cortés, Dave Graham, Kristina Cooke, Heather Timmons, Howard Goller, Grant McCool Organizations: Trump, Republican Party, Democrat, Homeland, U.S, Reuters, Federal, Biden's Department of Homeland Security, Border Patrol, Texas National Guard, REUTERS, Center for Biological Diversity, Biden, U.S . Department of Justice, Democratic, New, New York City, Institute, Thomson Locations: Mexico, America, Starr County , Texas, Rio Grande, United States, Rio, Eagle Pass , Texas, U.S, Starr, Texas, Southwest, Venezuela, Colombia, Panama, Darien, New York, Chicago, Ecuador, Washington, Mexico City, San Francisco
But the move comes at a time when a new surge of migrants is straining federal and local resources and placing heavy political pressure on the Biden administration to address a sprawling crisis. Border Patrol reported nearly 300,000 encounters in the Rio Grande Valley sector between last October and August, according to federal data. Last month, Border Patrol apprehended more than 200,000 migrants crossing the US-Mexico border, the highest total this year. Over the last two years, his administration has continued to face fierce pushback from Republicans – and at times, Democrats – over his immigration policies. Senior administration officials maintain that the US has been in regular touch with Mexico over the situation at the US southern border, including commitments to shore up enforcement.
Persons: Washington CNN —, Biden, Joe Biden –, , Alejandro Mayorkas, ” Mayorkas, , Antony Blinken, General Merrick Garland, Liz Sherwood, Randall Organizations: Washington CNN, Federal, Border Patrol, US, , Republican, of Homeland Security, Homeland, US Federal Registry, “ DHS, Customs, Protection, Environmental, US Customs, Border Protection, CNN, House Homeland Locations: Rio Grande, Rio Grande Valley, Mexico, New York, Chicago, Starr County , Texas, United States, Mayorkas, , Texas, Starr County, Mexico City
REUTERS/Brian Snyder/File Photo Acquire Licensing RightsWASHINGTON, Oct 5 (Reuters) - President Joe Biden's administration said on Thursday it will build additional sections of border wall to stave off record migrant crossings from Mexico, a policy reversal that embraces a signature measure of former President Donald Trump. Trump is the frontrunner for the Republican Party nomination to challenge Biden, a Democrat, in the 2024 presidential race. Trump made building border barriers a central tenet of his first campaign for president with the rally chant, "Build That Wall." Money that was allocated during the Trump administration is being spent now on a border wall because the administration has no other choice, a U.S. official said. "There is presently an acute and immediate need to construct physical barriers and roads in the vicinity of the border of the United States in order to prevent unlawful entries into the United States in the project areas," Mayorkas said.
Persons: Brian Snyder, Joe Biden's, Donald Trump, Biden, Trump, Will Joe Biden, we’d, Alejandro Mayorkas, Mayorkas, Eric Adams, Doina Chiacu, Mica Rosenberg, Andrea Ricci, Heather Timmons, Howard Goller Organizations: Texas National Guard, REUTERS, Rights, Trump, Republican Party, Democrat, Federal, Biden's Department of Homeland Security, U.S, Border Patrol, Homeland, New York City, Thomson Locations: Rio, Eagle Pass , Texas, U.S, Mexico, America, Starr County , Texas, Rio Grande, Venezuela, Venezuelan, United States, New York, Colombia, Ecuador
Facing an escalating border crisis and pleas for relief by Republican and Democratic lawmakers alike, the Biden administration will begin flying Venezuelans back to their home country if they are here illegally, administration officials said Thursday. It's unclear what effect the deportations might have on a growing migrant crisis with no end in sight. The Biden administration also announced in the Federal Register on Thursday that it would waive a long list of environmental and construction rules to allow construction of parts of a border wall Biden has consistently criticized. "There is presently an acute and immediate need to construct physical barriers and roads in the vicinity of the border of the United States in order to prevent unlawful entries into the United States" along certain parts of the border, the notice said. Biden downplayed the notice Thursday as a matter out of his hands.
Persons: Biden, Joe Biden –, Eric Adams, Kathy Hochul, Nicolas Maduro, Alejandro Mayorkas, Joe Biden, Donald Trump –, – Biden Organizations: Republican, Democratic, New York City, New York Gov, Department of Homeland, Federal, Congress Locations: New, United States, Venezuela, American, U.S, Mexico
But it's not because of a sudden flood of moving trucks into Atlanta, New Orleans and San Francisco. The Atlanta urban area had its population adjusted to 5.1 million residents from 4.9 million residents. The population of the New Orleans urban area grew to 963,212 residents from 914,531. The additional 48,681 residents had been mistakenly assigned to the Laplace-Lutcher-Gramercy, Louisiana, urban area, which was supposed to be deleted following a merger with the New Orleans urban area. The San Francisco-Oakland urban area's population was corrected to 3.5 million residents from 3.2 million.
Persons: Rather, Mike Schneider Organizations: U.S, U.S ., New, San, Twitter Locations: Atlanta , New Orleans, San Francisco, U.S, Atlanta, Gainesville , Georgia, New Orleans, Gramercy , Louisiana, Oakland, San Rafael, Novato , California
Some 3.6 million salaried workers may soon be able to earn overtime pay, according to a new proposal from the Biden administration. Currently, overtime pay applies primarily to hourly workers who log more than 40 hours in one week. The new proposal raises that threshold so non-hourly professionals can earn overtime if they earn less than $55,068 per year, or $1,059 per week. Roughly 15% of salaried workers are now entitled to overtime pay, the AP reports citing data from the Economic Policy Institute. If the new rule passes, nearly 30% of salaried workers would become eligible for overtime, though that's far lower than the 60% of salaried workers who were entitled to overtime pay in the 1970s, per the EPI.
Persons: Biden, Jessica Looman, Obama, Trump, Warren Buffett Organizations: Labor, Economic, Institute, Federal Register, Labor Department, Republicans Locations: U.S, New York, California
U.S. FAA updates airworthiness directive on Boeing 777s
  + stars: | 2023-08-29 | by ( ) www.reuters.com   time to read: +1 min
A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. The Federal Aviation Administration's superseding airworthiness directive "was prompted by a report of a crack found in a front spar lower chord," it said in the Federal Register notice. Errors in the earlier directive also "introduced a new unsafe condition related to the application of certain fastener cap seals," it said. Although Boeing intends to revise the bulletin, the FAA issued the new directive as "this work will take longer to accomplish than the risk to public safety allows," the agency said. A Boeing spokesperson said it fully supported the FAA's rule, “which is consistent with guidance we have shared with operators previously.”The FAA did not immediately provide comment.
Persons: Benoit Tessier, Susan Heavey, David Shepardson, Valerie Insinna, Ed Osmond Organizations: Boeing, Paris, REUTERS, Rights, Federal Aviation, FAA, Thomson Locations: Le Bourget, Paris, France
The court simply said that the SEC has erred in approving one ETF (bitcoin futures) and not approving another (spot bitcoin). 1) Approve all or some of the nine applications for a spot bitcoin ETF as soon as possible. Applicants for a spot bitcoin ETFGrayscale Bitcoin TrustArk/21 Shares Bitcoin TrustBitwise Bitcoin ETF TrustBlackRock Bitcoin ETF TrustVanEck Bitcoin TrustWisdomTree Bitcoin TrustValkyrie Bitcoin FundInvesco Galaxy Bitcoin ETFFidelity Wise Origin Bitcoin Trust2) Delay as long as the law allows. Even assuming a spot bitcoin ETF is coming, it doesn't mean Grayscale can necessarily jump the line. Note: Matt Hougan Chief Investment, Officer for Bitwise Asset Management, one of the applicants for a spot bitcoin ETF, will appear on ETF Edge on Halftime Report Wednesday.
Persons: Gary Gensler, Who's, Matt, Craig Salm, Grayscale's, Jeremy I, VedderPrice Organizations: Appeals, Federal Circuit, Washington , D.C, SEC, U.S, BlackRock, Fidelity, Bitcoin, Federal Register, Investment, Bitwise Asset Management, Edge Locations: Washington ,
WASHINGTON, Aug 17 (Reuters) - The U.S. Commerce Department on Thursday said it will set preliminary anti-dumping duties on tin-plated steel from Canada, Germany and China, in a move to shield domestic steelmakers that will prompt warnings of higher prices for cans made from the steel and the foods, paint and other products they contain. The department said it will propose preliminary anti-dumping duties of 122.5% on tin mill steel imported from China, 7.02% on imports from Germany and 5.29% on imports from Canada. No duties will be imposed on the steel -- used in cans for food, paint, aerosol products and other containers-- imported from Britain, the Netherlands, South Korea, Taiwan and Turkey, Commerce added. A bipartisan letter from members of Congress in June also argued that high anti-dumping duties would raise costs for canned packaging for food, aerosol products and could help Chinese producers of canned goods, leading to increased canned food imports from China. Reporting by David Lawder and Susan Heavey; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
Persons: David Lawder, Susan Heavey, Chizu Organizations: U.S . Commerce Department, Commerce Department, Steel, Manufacturers Institute, steelmakers, Thomson Locations: Canada, Germany, China, Britain, Netherlands, South Korea, Taiwan, Turkey, Commerce, U.S, steelmaker, Cleveland
While a decision from the Securities and Exchange Commission on the future of spot bitcoin ETFs could come as soon as this weekend, Bitwise Asset Management CIO Matt Hougan warns that crypto investors might have to wait a while longer. "In every case since 2016, [the SEC] has taken up to or entirety of the 240 days they have to review these applications," Hougan told CNBC's Bob Pisani on "ETF Edge" on Monday. Besides Ark, eight other organizations including Hougan's firm, Bitwise, have filed applications for a spot bitcoin ETF. Grayscale has also filed to convert its Grayscale Bitcoin Trust into a spot fund. "I think there should be a fair playing field that allows us to have multiple spot Bitcoin ETFs that compete in the market," Hougan said.
Persons: Matt Hougan, Hougan, CNBC's Bob Pisani Organizations: Securities and Exchange Commission, Bitwise, SEC, Federal, Commodity Futures Trading Commission Locations: bitcoin
Conservative groups filed a lawsuit last week to block Biden's latest student-debt relief effort. The relief would discharge loans for over 800,000 borrowers on income-driven repayment plans. But there are similarities in the arguments from the October lawsuit, and the most recent one challenging the income-driven repayment relief. "Unlawful cancellation of student-loan debt reduces the amount of a borrower's PSLF-cancellable debt and thus reduces the amount by which PSLF benefits qualified employment," it said. It's unclear how this lawsuit will impact debt discharges, but the administration has made no indication yet that the process will be halted.
Persons: Joe Biden's, , Harris Organizations: PSLF, Service, New Civil Liberties Alliance, Cato Institute, Mackinac Center for Public, Education Department, Biden, Harris Administration, Public, Cato Institute and Mackinac Center, Federal Register Locations: Wall, Silicon
Ark's application for a spot bitcoin ETF was published in the Federal Register on May 15. Get in line: Bitcoin ETF applications(Date filed & Last possible review) Ark/21 Shares Bitcoin Trust 5/15/23 1/10/24Bitwise Bitcoin ETF Trust 7/18/23 3/15/24BlackRock Bitcoin ETF Trust 7/19/23 3/16/24VanEck Bitcoin Trust 7/19/23 3/16/24WisdomTree Bitcoin Trust 7/19/23 3/16/24Valkyrie Bitcoin Fund 7/19/23 3/16/24First Trust Galaxy Bitcoin 7/19/23 3/16/24Fidelity Wise Origin Bitcoin Trust 7/19/23 3/16/24 A ninth organization, Grayscale, has filed to convert its Grayscale Bitcoin Trust into a Bitcoin Spot ETF. 'Surveillance sharing agreement'The SEC has denied all prior spot bitcoin ETF applications, citing fraud and manipulation in the underlying markets. Supporters of a spot bitcoin ETF have been emboldened by a court case unfolding between Grayscale Bitcoin Trust (GBTC) and the SEC. Seif runs the Purpose Bitcoin ETF, a spot bitcoin ETF that has been trading in Canada since February, 2021.
Persons: Marco Bello, Reuters It's, Matt Hougan, It's, Neomi Rao, Bitcoin, Som Seif, Seif, Gary Gensler, Gensler, We're, Ric Edelman, Edelman, Bloomberg Intelligence's James Seyffart, Eric Balchunas Organizations: Reuters, SEC, The Securities, Exchange, Federal Register, Federal, Bitwise Asset Management, Bitcoin, BlackRock, Nasdaq, Digital Assets, Financial, CNBC, Bloomberg Locations: Miami Beach , Florida, U.S, BlackRock, Bitwise, Washington, Canada
The Securities and Exchange Commission wants corporate America to tell investors more about cybersecurity breaches and what's being done to fight them. The SEC has voted 3-2 to adopt new rules on cybersecurity disclosure. It will require public companies to disclose "material" cybersecurity breaches within 4 days after a determination that an incident was material. Corporate America is pushing back, claiming that the short announcement period is unreasonable, and that it would require public disclosure that could harm corporations and be exploited by cybercriminals. Current cybersecurity rules are fuzzyCurrent rules on when a company needs to report a cybersecurity event are fuzzy.
Persons: Gary Gensler, Hope, cybersecurity, CISA, SIFMA, Gensler, Jensen Organizations: Securities, Exchange Commission, SEC, Corporate America, Federal Register, prudential, Securities Industry, Financial Markets Association, Industry, NYSE Group, Nasdaq, FBI, Infrastructure Security Agency, Department of Homeland Security, Williams Locations: America
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