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WASHINGTON — Lawmakers averted a government shutdown 40 days before the election, but they’ll face another funding crunch right before the holidays and a new Congress and president take office. House Appropriations Committee Chairman Tom Cole, R-Okla., predicted that the two parties could come to a deal and avoid a shutdown in December. Congratulations, congressmen.”The full House has already passed five of the 12 appropriations bills for the new fiscal year. The Senate Appropriations Committee sent 11 out of 12 spending bills to the floor, where none of them have had votes. "What Leader Schumer should have done is brought the appropriations bills to the floor.

Persons: WASHINGTON —, Mike Johnson, ” Johnson, Johnson, “ We’ve, ”, appropriators, they’ve, Debbie Wasserman Schultz, “, doesn’t, Tom Cole, ” Cole, it’s Donald Trump, Harris, Chip Roy, Roy, we’ve, Schumer, Sen, Susan Collins, Chuck Schumer, Byron Donalds, ” Donald, Mitch McConnell, Hakeem Jeffries Organizations: WASHINGTON, WASHINGTON — Lawmakers, Republicans, CRs, Democrats, Wednesday's, Senate, White, Republican, GOP, Freedom Caucus, SAVE, Conservative Locations: Washington, haven’t, Texas, Maine, D

☆ New AI deepfake porn bill would require big tech to police and remove images
▼ + stars: | 2024-06-18 | by ( Emily Wilkins | ) www.cnbc.com time to read: +1 min

WASHINGTON — Lawmakers on Capitol Hill are scrambling to address the boom in deepfake AI pornographic images, which have targeted everyone from celebrities to high school students. Now, a new bill will seek to hold social media companies accountable for policing and removing deepfake porn images published on their sites. The measure would criminalize publishing or threatening to publish deepfake porn. Additionally, the sites would also have to make a reasonable effort to remove any other copies of the images, including ones shared in private groups. They will be joined in the Capitol by victims of deepfake porn, including high school students.

Persons: WASHINGTON —, Sen, Ted Cruz, Taylor Swift, Alexandria Ocasio Organizations: WASHINGTON, WASHINGTON — Lawmakers, Capitol, CNBC, Federal Trade Commission, Rep Locations: Texas, Alexandria, Cortez

☆ Lawmakers release text of $1.2 trillion spending bill as shutdown deadline nears
▼ + stars: | 2024-03-21 | by ( Sahil Kapur | ) www.cnbc.com time to read: +3 min

WASHINGTON — Lawmakers early Thursday morning released the text of a $1.2 trillion government funding bill negotiated by the White House and leaders of both parties to avoid a partial government shutdown this weekend. Those federal agencies are scheduled to shut down on Saturday if the funding package is not passed by Friday night. President Joe Biden has said he'll sign the bill, but it's unclear whether Congress has enough time to pass it before the deadline. It is the last remaining funding package that Congress has to pass this fiscal year, which ends after September. After the House passes the bill, the Senate will require unanimous consent to vote quickly.

Persons: Joe Biden, Mike Johnson, Johnson, Hakeem Jeffries, Biden, Chuck Schumer, Schumer, Mitch McConnell, — Frank Thorp Organizations: WASHINGTON — Lawmakers, White, Homeland Security, Defense, State, Labor, Health, Human Services, DHS, Internal Revenue Service, Republicans, House Republicans, House, Department of Homeland Security Locations: Washington, Washington , DC, D, Ky

☆ Congress must find debt solution without cutting Social Security, Medicare, Sen. Coons says
▼ + stars: | 2023-08-07 | by ( Chelsey Cox | ) www.cnbc.com time to read: 1 min

WASHINGTON — Lawmakers must address the trillions of dollars that make up the national debt and deficit without touching Medicare, Medicaid and Social Security, Sen. Chris Coons said Monday. "I recognize that the art of politics is finding one that both parties can support," Coons, D-Del., said of debt reduction aims while on CNBC's "Squawk Box." "But frankly, at the end of the day, Democrats are not going to cut benefits under Social Security." Coons said Congress needs "to find a way forward in the middle that balances revenue and spending in a positive way" following Fitch's decision to downgrade the nation's long-term debt this month. The credit rating agency dropped U.S. long-term debt to AA+ from its AAA rating due in part to the drawn-out debt ceiling debate earlier this year.

Persons: Sen, Chris Coons, Coons Organizations: WASHINGTON, Social Security, AAA

☆ Congress hands the crypto industry two wins and a loss before August recess
▼ + stars: | 2023-07-28 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

The House Financial Services Committee advanced a measure Thursday to establish a clear regulatory framework for the issuance of payment stablecoins. The bills' approvals, after a roughly 14-month debate between committee Republicans and Democrats, can be viewed as wins for the crypto industry, whose reputation on Capitol Hill was battered by the failure of crypto giant FTX last fall. Late Thursday night, the Senate passed a massive defense funding bill that included several measures from different bills the digital-assets industry has opposed. Warren also highlighted the National Defense Authorization Act rider this week by reintroducing her bill, the Digital Asset Anti-Money Laundering Act. The House crypto bills would likely garner enough support to pass in the Republican-controlled House, but struggle to gain traction in the Democratic-controlled Senate

Persons: Elizabeth Warren, Patrick McHenry, Jim Himes, Josh Gottheimer, Crypto, Sen, Warren, Democratic Sen, Joe Manchin, Roger Marshall of, Lindsey Graham of Organizations: Banking, Housing, Urban Affairs Committee, WASHINGTON — Lawmakers, Capitol, Financial Services Committee, Financial Services, Connecticut, Republicans, Democrats, Treasury Department, Treasury, Defense, Money, Democratic, Senate, Republican Locations: Massachusetts, Washington , DC, R, New Jersey, crypto's, Roger Marshall of Kansas, Lindsey Graham of South Carolina

☆ House lawmakers introduce bipartisan bill requiring total disclosure of ticketing fees
▼ + stars: | 2023-06-08 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — Lawmakers introduced a new bill on Thursday targeting ticketing fee disclosures in an effort to increase transparency in the entertainment industry. The "Transparency in Charges for Key Events Ticketing Act,'' or TICKET Act, is modeled after current advertising guidelines for airline tickets, which require disclosing the full ticket price before purchase. With every ticketing debacle, from Beyoncé to Taylor Swift, and so many more, their frustration grows," Schakowsky said in a statement. The House bill mirrors the Senate measure in mandating ticket vendors to display the total price of a ticket, including all required fees, in any advertisement or piece of marketing. Bilirakis said the bill will bring "much-needed transparency to the whole ticketing industry."

Persons: Jan Schakowsky, Gus Bilirakis, Taylor Swift, Schakowsky, Sens, Ted Cruz, Maria Cantwell, Biden, Cantwell, Bilirakis, Taylor Organizations: WASHINGTON — Lawmakers, Senate, New York, Office, Ticketmaster Locations: Beyoncé, Texas

☆ Lawmakers praise First Republic sale, but efforts to pass new bank rules are fizzling
▼ + stars: | 2023-05-01 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +3 min

WASHINGTON — Lawmakers who sit atop key banking committees praised the federal takeover of First Republic Bank on Monday, and held up the sale of its assets to JP Morgan Chase as a successful public-private collaboration to protect the U.S. financial system. His statement contrasted from the reaction of the Senate banking committee's chairman, Democratic Sen. Sherrod Brown of Ohio. He did not directly respond to the federal intervention, choosing instead to direct his ire at the failed bank. "First Republic Bank's risky behavior, unique business model, and management failures led to significant problems, and it's clear we need stronger guardrails in place," Brown said in a statement. "We must make large banks more resilient against failure so that we protect financial stability and ensure competition in the long run."

☆ House Republicans target the CFPB as the agency takes aim at 'junk fees'
▼ + stars: | 2023-03-09 | by ( Chelsey Cox | ) www.cnbc.com time to read: +7 min

WASHINGTON — Lawmakers discussed ways to reform, or altogether defund, the nation's foremost consumer protection agency on Thursday, as the regulator takes aim at illegal "junk fees" levied on consumers. GOP lawmakers in the hearing criticized the Biden administration's push to eradicate "junk fees," largely regulated by the CFPB. On Wednesday, the agency released a list of illegal junk fees encompassing deposit accounts; auto and mortgage loan servicing; and payday and title lending. Subcommittee member Rep. Blaine Luetkemeyer, R-Mo., said Chopra has used junk fees as an excuse to expand his authority. The CFPB's working definition of junk fees is "any fee they don't like," argued Devin Watkins, an attorney at the conservative-leaning Competitive Enterprise Institute.

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