A bill introduced in the House Thursday (July 23) would require artificial intelligence (AI) developers to maintain the technical capacity to shut down their AI systems and would authorize the Department of Homeland Security (DHS) to order such a shutdown. The sponsors of the AI Kill...
The U.S. House has approved a bill designed to support America’s smaller banks. The Main Street Capital Access Act, adopted Tuesday (July 21), is designed to lessen or modify banking regulations, including those dealing with federal regulation, merger requirements, and the formation of new banks. “Under...
Blockchain industry organization The Digital Chamber filed a lawsuit Tuesday (July 21) asking the court to halt the state of Illinois’ planned tax on digital asset business activity. The tax will harm The Digital Chamber’s members, who are already incurring costs as they try to...
State lawmakers are intensifying their scrutiny of the fees consumers encounter at checkout, pursuing measures that range from restrictions on credit and debit card surcharges to broader “junk fee” disclosure mandates and limits on interchange fees. An analysis by attorneys with the Global Advertising Lawyers...
The House passed a bill Monday (July 20) that its supporters said would improve federal technology procurement. The Federal Improvement in Technology Procurement Act (FIT Procurement Act; H.R. 4123) would address a variety of issues related to federal procurement policy and the federal acquisition workforce, according...
The United States may have one national market, but large companies both already know and are constantly being reminded that it can come with dozens of regulatory veto points. On Monday, for example, a federal judge temporarily halted the proposed Paramount–Warner Bros. Discovery combination at...
Anthropic is set to pay a landmark $1.5 billion copyright violation settlement, Reuters reported Monday (June 20). U.S. District Judge Araceli Martinez-Olguin approved the settlement, believed to be the largest such award in a copyright case in the United States, the report said. A class...
South Korea’s decision to fine American-owned eCommerce firm Coupang is straining relations between the two countries, Reuters reported Friday (July 20). South Korea said the fine was imposed over a data leak, but American lawmakers said the move raises questions about whether the country is...
The Justice Department has seized more than 1,000 domains illegally streaming World Cup matches. The seizures, announced Monday (July 20), took place in three different actions during the global soccer tournament, and were based on investigation by the U.S. Immigration and Customs Enforcement Homeland Security...