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Category Archives: Government Documents

Financial Stability Oversight Council Releases Report on Digital Asset Financial Stability Risks and Regulation

“The Financial Stability Oversight Council (Council) today released its Report on Digital Asset Financial Stability Risks and Regulation. The Council voted to approve the report in response to Section 6 of President Biden’s Executive Order 14067, “Ensuring Responsible Development of Digital Assets.As called for by the Executive Order, the report reviews financial stability risks and regulatory gaps posed by various types of digital assets and provides recommendations to address such risks. This report provides a strong foundation for policymakers as we work to mitigate the financial stability risks of digital assets while realizing the potential benefits of innovation,” said Secretary of the Treasury Janet L. Yellen. “It is an important contribution to the set of reports that Treasury and our interagency partners have produced as part of President Biden’s executive order. The report concludes that crypto-asset activities could pose risks to the stability of the U.S. financial system and emphasizes the importance of appropriate regulation, including enforcement of existing laws. It is vital that government stakeholders collectively work to make progress on these recommendations.”

Algorithmic Accountability Act: Potential Coverage Gaps in the Healthcare Sector

ABA: “The proposed Algorithmic Accountability Act of 2022, H.R. 6580, 117th Cong. (2022), requires companies to implement assessments of their algorithmic decision tools to detect issues with privacy and discrimination among others. The Act would be enforced by the FTC, which may not have jurisdiction over some companies, such as non-profits and companies in the… Continue Reading

National Archives says it still doesn’t have all Trump White House record

CNN: “The National Archives has told the House Oversight Committee that certain presidential records from the Trump administration remain outstanding, citing information that some White House staff used non-official electronic systems to conduct official business. In a Friday letter to the panel’s chairwoman, New York Democrat Carolyn Maloney, the National Archives and Records Administration, or… Continue Reading

The Free PACER Bill Will Save Money (Despite the CBO Score)

Via Patrice McDermott – “From Gabe Roth at Fix the Court Hi, folks. I want to keep everyone apprised of what’s going on with the Open Courts Act, a bipartisan, bicameral bill that would modernize the federal judiciary’s court records system and make access to documents free (instead of the current $0.10 per page, which… Continue Reading

SCOTUS to Keep Livestream as Court Opens Arguments to the Public

Supreme Court: “The Court will hear all scheduled oral arguments for the upcoming term in the Courtroom. Seating for the oral argument sessions will be provided to the public, members of the Supreme Court bar, and press, and Courtroom bar admissions will resume. Masking in the Courtroom for oral arguments will be optional. The Court… Continue Reading

Is This the Beginning of the End of the Internet?

The Atlantic: “Occasionally, something happens that is so blatantly and obviously misguided that trying to explain it rationally makes you sound ridiculous. Such is the case with the Fifth Circuit Court of Appeals’s recent ruling in NetChoice v. Paxton. Earlier this month, the court upheld a preposterous Texas law stating that online platforms with more… Continue Reading

Social Security: What Would Happen If the Trust Funds Ran Out?

CRS Report – RL33514| Social Security: What Would Happen If the Trust Funds Ran Out?: “Federal Old-Age and Survivors Insurance (OASI) Trust Fund and the Federal Disability Insurance (DI) Trust Fund. Under their intermediate assumptions and undercurrent law, the Social Security trustees project that the OASI trust fund will become depleted in 2034 and the DI… Continue Reading

Supreme Court Trust, Job Approval at Historical Lows

Gallup: “Forty-seven percent of U.S. adults say they have “a great deal” or “a fair amount” of trust in the judicial branch of the federal government that is headed by the Supreme Court. This represents a 20-percentage-point drop from two years ago, including seven points since last year, and is now the lowest in Gallup’s… Continue Reading

Climate Change: Enhancing Federal Resilience

GAO – Climate Change: Enhancing Federal Resilience GAO-22-106061 Published: Sep 19, 2022. Publicly Released: Sep 19, 2022. “Between fiscal years 2015 and 2021, selected appropriations for disaster assistance totaled $315 billion. Disaster costs are projected to increase as certain extreme weather events like drought or extreme rainfall become more frequent and intense because of climate… Continue Reading

FCC Targeting and Eliminating Unlawful Text Messages

“The Federal Communications Commission today proposed new rules to fight back against malicious robotext campaigns. The agency will take public comment on ideas to apply caller ID authentication standards to text messaging and require providers to find and actively block illegal texts before they get to consumers…The Notice of Proposed Rulemaking released today proposes and… Continue Reading

GAO – Federal Agencies Lack Senior Leadership to Effectively Implement Privacy Programs

EPIC: “A Government Accountability Office (GAO) report, prepared in consultation with privacy experts including EPIC Senior Counsel John Davisson, canvassed 24 federal government agencies and found that most have failed to fully implement statutory privacy requirements. The GAO found that despite the massive amount of personally identifiable information (PII) collected by these agencies and the… Continue Reading