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House Panel's Bill Would Block U.S. Buyers of Foreign Spyware

American spymasters would be able to yank business away from U.S. companies that purchase or market foreign espionage software, under a bill the House Intelligence Committee advanced on Wednesday. The bill must be approved by the full House and reconciled with its Senate counterpart before it becomes law. It follows media reports that Israeli spyware […]

U.S. House Set to Pass Sweeping Vote on China Competition Bill

The U.S. House of Representatives was expected to pass on Friday a multibillion-dollar bill aimed at increasing American competitiveness with China and boosting U.S. semiconductor manufacturing, despite Republican opposition. The Democratic-majority House is expected to back the “Competes Act” largely along party lines. Passage would send the measure for negotiations with the Senate on a […]

U.S. House Bill on China Competitiveness, Chip Investment, Coming Soon - Pelosi

The U.S. House of Representatives will soon introduce a bill to increase U.S. competitiveness with China and boost federal spending on semiconductors, Speaker Nancy Pelosi said on Friday as the Biden administration seeks to boost domestic chip production. “The House will soon introduce its competitiveness bill,” she said in a note to Democratic colleagues. The […]

Fed Kicks off Debate on Issuing its Own Digital Currency with New White Paper

Creating an official digital version of the U.S. dollar could give Americans more, and speedier, payment options, but it would also present financial stability risks and privacy concerns, the U.S. Federal Reserve said in a long-awaited discussion paper released on Thursday. The paper made no policy recommendations and offered no clear signal on where the […]