Search results for "white house"

White House to Midsized Banks: Boost Liquidity, Capital, Testing

The White House on Thursday issued a plan officials say would substantially reduce the risk of another crisis in the banking industry, after U.S. banks failed and a Swiss lender needed a government rescue earlier this month. The plan, which can be accomplished by regulators with their existing powers, mostly would put stricter requirements on […]

White House Prepares New Bank Rule Proposal After Failures - Source

The White House is preparing to release more of its promised plans to strengthen U.S. bank oversight as soon as this week after Silicon Valley Bank’s collapse of earlier this month, according to a person familiar with the preparations. President Joe Biden, a Democrat, is expected to push for rules to be reinstated for banks […]

White House Backs Senate Bill to Boost Us Ability to Ban TikTok

The White House backed legislation introduced on Tuesday by a dozen senators to give the administration new powers to ban Chinese-owned video app TikTok and other foreign-based technologies if they pose national security threats. The endorsement boosts efforts by a number of lawmakers to ban the popular app, which is owned by Chinese company ByteDance […]

White House Backs Bill to Strengthen U.S. Powers to Ban TikTok

The White House said Tuesday it backs a bill in Congress to give the Biden administration new powers to ban Chinese-owned video app TikTok and other foreign technologies that could pose security threats. White House National Security Advisor Jake Sullivan said the bipartisan bill sponsored by a dozen senators “would strengthen our ability to address […]

White House Eyes Dynan, Eberly for Fed Vice Chair Post, WSJ Says

The White House is considering two economists who held senior Treasury Department posts in the Obama administration for the No. 2 job at the Federal Reserve, the Wall Street Journal reported on Wednesday. Both Janice Eberly and Karen Dynan served as the chief economist at Treasury during Barack Obama’s presidency and are well regarded by […]

White House Guidelines For AI Aim to Mitigate Harm

The White House on Tuesday proposed a non-binding Artificial Intelligence (AI) Bill of Rights that it said would help parents, patients and workers avert harm from the increasing use of automation in education, health care and employment. The Biden administration’s proposal joins hundreds of other guidelines and policy frameworks released by tech companies, industry associations […]

White House Official Says Details on AI Chip Export Rule Coming Soon

The Biden administration could shed more light on a possible new rule for exporting high-performance artificial intelligence chips to China “relatively soon,” a White House official said Friday. Tarun Chhabra, an official with the National Security Council who focuses on technology issues, said letters sent from the U.S. Department of Commerce to Nvidia Corp and […]

U.S. Investments in Foreign Chip Firms a Potential Concern, White House Says

U.S. investment in foreign chip companies is a potential concern for the Biden administration, a White House official said on Wednesday, but he stressed it has not yet made a final decision on a potential mechanism regulating U.S. investments in China. National Security Council official Peter Harrell heralded the administration’s efforts to kick-start U.S. chipmaking […]

Boeing, Northrop to Join White House-backed Advanced Manufacturing Program

Boeing Co and Northrop Grumman are joining a White House-backed compact to help smaller U.S.-based suppliers increase the use of 3D printing and other advanced manufacturing technologies. The voluntary program, unveiled by President Joe Biden in May, seeks to boost suppliers’ use of additive manufacturing (AM). Driven by 3D printing, the technology allows complex shapes […]