1 day ago
Democrats retook power in Washington on Tuesday, flipping key House and Senate seats to command majorities in both chambers of Congress.
The power shift creates a new platform for Democrats to launch investigations of President Trump's economic allies — Elon Musk, to name one — and pass bills that may be unlikely to become law but will mark a sharp change in the political climate for business leaders and economic issues after two years of unified Republican control.
The change also appears set to elevate figures like Democratic Sen. Elizabeth Warren and others to prominent positions with oversight over economic policy.
Read more: What a Democratic sweep means for stocks
Democrats are planning "a shock-and-awe legislative sprint," the New York Times reported, on issues like healthcare subsidies and Trump's tariffs, which could prompt a wave of bills to pass the House but stall against the 60-vote threshold in the Senate. Even in the minority, Senate rules mean Republicans retain the power to stop legislation.
#issues
The power shift creates a new platform for Democrats to launch investigations of President Trump's economic allies — Elon Musk, to name one — and pass bills that may be unlikely to become law but will mark a sharp change in the political climate for business leaders and economic issues after two years of unified Republican control.
The change also appears set to elevate figures like Democratic Sen. Elizabeth Warren and others to prominent positions with oversight over economic policy.
Read more: What a Democratic sweep means for stocks
Democrats are planning "a shock-and-awe legislative sprint," the New York Times reported, on issues like healthcare subsidies and Trump's tariffs, which could prompt a wave of bills to pass the House but stall against the 60-vote threshold in the Senate. Even in the minority, Senate rules mean Republicans retain the power to stop legislation.
#issues
1 day ago
Democrats retook power in Washington on Tuesday, flipping key House and Senate seats to command majorities in both chambers of Congress.
The power shift creates a new platform for Democrats to launch investigations of President Trump's economic allies — Elon Musk, to name one — and pass bills that may be unlikely to become law but will mark a sharp change in the political climate for business leaders and economic issues after two years of unified Republican control.
The change also appears set to elevate figures like Democratic Sen. Elizabeth Warren and others to prominent positions with oversight over economic policy.
Read more: What a Democratic sweep means for stocks
Democrats are planning "a shock-and-awe legislative sprint," the New York Times reported, on issues like healthcare subsidies and Trump's tariffs, which could prompt a wave of bills to pass the House but stall against the 60-vote threshold in the Senate. Even in the minority, Senate rules mean Republicans retain the power to stop legislation.
#senate #change
The power shift creates a new platform for Democrats to launch investigations of President Trump's economic allies — Elon Musk, to name one — and pass bills that may be unlikely to become law but will mark a sharp change in the political climate for business leaders and economic issues after two years of unified Republican control.
The change also appears set to elevate figures like Democratic Sen. Elizabeth Warren and others to prominent positions with oversight over economic policy.
Read more: What a Democratic sweep means for stocks
Democrats are planning "a shock-and-awe legislative sprint," the New York Times reported, on issues like healthcare subsidies and Trump's tariffs, which could prompt a wave of bills to pass the House but stall against the 60-vote threshold in the Senate. Even in the minority, Senate rules mean Republicans retain the power to stop legislation.
#senate #change
28 days ago
Sophia Bush
The dichotomous trap of women needing to achieve absolute, contradictory perfectionism rang loud and clear in America Ferrera's now iconic speech in the 2023 Barbie movie and it certainly continues to resonate with Sophia Bush, who has never shied from speaking about mental health challenges.
"I think there's a lot of reasons we're still having this conversation," says Bush, who currently stars in Hulu psychological thriller Count My Lies and Grey's Anatomy (ABC), and is attached to reprise her role as Brooke Davis in Netflix's One Tree Hill sequel series.
"First and foremost, society only functions at the level it does because of women's unrecognized and unpaid labor. So the world is not exactly motivated to shift things in our favor because people feel like it'll come at a cost," she says. "But now we understand because of the data around those things… that if you could snap your fingers and create pay equity across gender lines—everyone would be doing better if women were doing better."
Bush cites a litany of women's rights that have been or are being rolled back. "They overturned Roe. Christian nationalism is on the rise and they don't think women should vote," she says. She points to the SAVE (Safeguard American Voter Eligibility) Act and the tens of millions of married women in the U.S. the legislation would block from voting.
#things
The dichotomous trap of women needing to achieve absolute, contradictory perfectionism rang loud and clear in America Ferrera's now iconic speech in the 2023 Barbie movie and it certainly continues to resonate with Sophia Bush, who has never shied from speaking about mental health challenges.
"I think there's a lot of reasons we're still having this conversation," says Bush, who currently stars in Hulu psychological thriller Count My Lies and Grey's Anatomy (ABC), and is attached to reprise her role as Brooke Davis in Netflix's One Tree Hill sequel series.
"First and foremost, society only functions at the level it does because of women's unrecognized and unpaid labor. So the world is not exactly motivated to shift things in our favor because people feel like it'll come at a cost," she says. "But now we understand because of the data around those things… that if you could snap your fingers and create pay equity across gender lines—everyone would be doing better if women were doing better."
Bush cites a litany of women's rights that have been or are being rolled back. "They overturned Roe. Christian nationalism is on the rise and they don't think women should vote," she says. She points to the SAVE (Safeguard American Voter Eligibility) Act and the tens of millions of married women in the U.S. the legislation would block from voting.
#things
28 days ago
How did Hispanic voter shift affect Texas Senate race?
What is the significance of Michigan Senate race?
What is Thune's position on previous daylight saving time legislation?
Full Summary
WASHINGTON − In November, does the blue wave become a tsunami?
#texas
What is the significance of Michigan Senate race?
What is Thune's position on previous daylight saving time legislation?
Full Summary
WASHINGTON − In November, does the blue wave become a tsunami?
#texas
1 month ago
President Donald Trump signed an executive order Monday evening temporarily allowing the use of red-dyed diesel on public roads and deferring the federal excise tax on that fuel through the end of the year, a move aimed at lowering costs for truckers and farmers facing record-high diesel prices.
Red-dyed diesel is chemically the same product as standard highway diesel, but carries a red dye to mark it as off-road fuel — meaning it is not subject to the 24.4-cent-per-gallon federal excise tax that applies to diesel sold at the pump for road use, such as for tractors and heavy machinery. Using it in highway vehicles has been illegal, carrying penalties for tax evasion, according to CNBC.
According to the White House, the order instructs the Treasury Secretary to hold off on collecting federal excise taxes on highway use of dyed diesel between October 5 and December 31, 2026, and to do so without charging interest or imposing penalties. The Treasury is also directed to direct the Internal Revenue Service not to impose penalties for on-road use of dyed diesel during that period. The order further instructs officials to explore pathways, including legislation, to eliminate the deferred tax obligations entirely.
The White House projected that a trucker who tops off an 18-wheeler's tank with 250 gallons stands to save over $100 on a single fill-up, provided the trucker's state suspends its own diesel tax as well. On top of the federal levy, each state levies its own diesel excise tax, and those state-level taxes average out to 35.5 cents per gallon, according to CNN.
The order also directs the Secretary of Agriculture to coordinate with agricultural cooperatives and rural fuel distributors to ensure adequate dyed diesel distribution in high-demand areas, and the Secretary of Transportation to engage with state governments and industry stakeholders. The White House Office of Intergovernmental Affairs was directed to encourage states to adopt corresponding policies.
#Diesel #federal #House #according
Red-dyed diesel is chemically the same product as standard highway diesel, but carries a red dye to mark it as off-road fuel — meaning it is not subject to the 24.4-cent-per-gallon federal excise tax that applies to diesel sold at the pump for road use, such as for tractors and heavy machinery. Using it in highway vehicles has been illegal, carrying penalties for tax evasion, according to CNBC.
According to the White House, the order instructs the Treasury Secretary to hold off on collecting federal excise taxes on highway use of dyed diesel between October 5 and December 31, 2026, and to do so without charging interest or imposing penalties. The Treasury is also directed to direct the Internal Revenue Service not to impose penalties for on-road use of dyed diesel during that period. The order further instructs officials to explore pathways, including legislation, to eliminate the deferred tax obligations entirely.
The White House projected that a trucker who tops off an 18-wheeler's tank with 250 gallons stands to save over $100 on a single fill-up, provided the trucker's state suspends its own diesel tax as well. On top of the federal levy, each state levies its own diesel excise tax, and those state-level taxes average out to 35.5 cents per gallon, according to CNN.
The order also directs the Secretary of Agriculture to coordinate with agricultural cooperatives and rural fuel distributors to ensure adequate dyed diesel distribution in high-demand areas, and the Secretary of Transportation to engage with state governments and industry stakeholders. The White House Office of Intergovernmental Affairs was directed to encourage states to adopt corresponding policies.
#Diesel #federal #House #according
1 month ago
Why did John Thune say there's no path forward for the bill?
What safety concerns did Roger Wicker raise about the bill?
Why was Christa Pike’s execution halted in Tennessee?
Full Summary
Senate Majority Leader John Thune said in an Oct. 5 interview that "there’s no clear path forward" for legislation that would make daylight saving time permanent.
#john #path #bill #Roger
What safety concerns did Roger Wicker raise about the bill?
Why was Christa Pike’s execution halted in Tennessee?
Full Summary
Senate Majority Leader John Thune said in an Oct. 5 interview that "there’s no clear path forward" for legislation that would make daylight saving time permanent.
#john #path #bill #Roger
1 month ago
More than two years after Selma Blair posted a comment widely criticized as Islamophobic, for which she later apologized, the actress has revealed the alleged repercussions she experienced in her career and personal life.
The 54-year-old said in a speech on Oct. 1 that she felt "erased" after losing partnerships, legal and career representation and a "best friend" over the February 2024 comment.
The speech took place at the Anti-Defamation League's event at the Jewish Museum in New York City, which celebrated the launch of the organization's State of the Arts: Advancing Jewish Inclusion in Arts, Entertainment and Culture platform.
In the since-deleted message, the "Cruel Intentions" star had issued a call to "deport all these terrorist supporting goons" under a video describing former U.S. Rep. Cori Bush and Rep. Rashida Tlaib as "Jew hating antisemites" for voting against legislation that would have imposed sanctions against people, agencies and governments that "assist Hamas, the Palestinian Islamic Jihad or their affiliates."
"The brands I worked with were gone within a day. A few partnerships I'd spent years building were shelved. My agency was gone. My lawyer was gone. My publicist was gone. My book agent was gone. My book publicist was gone. My social media manager was gone. My son's godmother was gone – my best friend," Blair said from the podium.
#blair #jewish #Career #partnerships
The 54-year-old said in a speech on Oct. 1 that she felt "erased" after losing partnerships, legal and career representation and a "best friend" over the February 2024 comment.
The speech took place at the Anti-Defamation League's event at the Jewish Museum in New York City, which celebrated the launch of the organization's State of the Arts: Advancing Jewish Inclusion in Arts, Entertainment and Culture platform.
In the since-deleted message, the "Cruel Intentions" star had issued a call to "deport all these terrorist supporting goons" under a video describing former U.S. Rep. Cori Bush and Rep. Rashida Tlaib as "Jew hating antisemites" for voting against legislation that would have imposed sanctions against people, agencies and governments that "assist Hamas, the Palestinian Islamic Jihad or their affiliates."
"The brands I worked with were gone within a day. A few partnerships I'd spent years building were shelved. My agency was gone. My lawyer was gone. My publicist was gone. My book agent was gone. My book publicist was gone. My social media manager was gone. My son's godmother was gone – my best friend," Blair said from the podium.
#blair #jewish #Career #partnerships
1 month ago
This summer, we took a family vacation to Oregon to hike in the Pacific Northwest. Not surprisingly, we saw a bunch of people decked out in clothing made by Columbia, the huge sportswear company founded in Portland in 1938, and named for the nearby river.
We also saw a lot of people wearing Patagonia clothes. Named after the vast geographic region at the southern tip of South America, shared by Argentina and Chile, Patagonia was founded by climber Yvon Chouinard in 1973 to provide durable climbing equipment and outdoor wear. The company heavily supports environmental causes and donates profits from the sale of their jackets, fleeces and other gear to ecological protection. The company even sued President Trump in 2017, for shrinking federal lands protections.
In addition to environmental causes, Patagonia has also championed the LGBTQ community by partnering with the Human Rights Campaign to oppose state legislation targeting their rights. This summer, though, the company sued one member of that community.
Wyn Wiley is an activist from Bend, Oregon, who focuses on environmental and LGBTQ+ issues, promoting acceptance of queer identities in the environmentalist and outdoors communities, and promoting awareness of climate change and its effects.
In October of 2018, Wiley created the character Pattie Gonia and produced short-form outdoors activism content on Instagram and TikTok, while dressing in drag. The first posted video garnered more than 100 million views. Pattie Gonia has 1.8 million Instagram followers and claims to have raised $3.7 million for environmental causes, including $1 million raised last year on a 100-mile hike. In 2022, Pattie Gonia partnered with The North Face, another outdoor gear juggernaut, for their 2022 "Summer of Pride" series, which consisted of outdoor community-building events focused on local LGBTQ+ engagement and acceptance.
#lgbtq #summer
We also saw a lot of people wearing Patagonia clothes. Named after the vast geographic region at the southern tip of South America, shared by Argentina and Chile, Patagonia was founded by climber Yvon Chouinard in 1973 to provide durable climbing equipment and outdoor wear. The company heavily supports environmental causes and donates profits from the sale of their jackets, fleeces and other gear to ecological protection. The company even sued President Trump in 2017, for shrinking federal lands protections.
In addition to environmental causes, Patagonia has also championed the LGBTQ community by partnering with the Human Rights Campaign to oppose state legislation targeting their rights. This summer, though, the company sued one member of that community.
Wyn Wiley is an activist from Bend, Oregon, who focuses on environmental and LGBTQ+ issues, promoting acceptance of queer identities in the environmentalist and outdoors communities, and promoting awareness of climate change and its effects.
In October of 2018, Wiley created the character Pattie Gonia and produced short-form outdoors activism content on Instagram and TikTok, while dressing in drag. The first posted video garnered more than 100 million views. Pattie Gonia has 1.8 million Instagram followers and claims to have raised $3.7 million for environmental causes, including $1 million raised last year on a 100-mile hike. In 2022, Pattie Gonia partnered with The North Face, another outdoor gear juggernaut, for their 2022 "Summer of Pride" series, which consisted of outdoor community-building events focused on local LGBTQ+ engagement and acceptance.
#lgbtq #summer
1 month ago
California has officially banned child marriage, with Governor Gavin Newsom signing legislation to end the practice that is still legal in 32 US states.
The new law, which will come into effect on 1 January, states people must be 18 to get married in the Golden State.
Newsom called it a "long overdue measure to protect young Californians and minors". He signed the bill into law with Courtney Stodden, whose parents allowed her to marry a 50-year-old Hollywood actor when she was just 16.
Stodden, who has been advocating to end the practice, called the change a "victory" and said survivors of child marriage should "never have been expected to carry this burden".
Stodden said she would "keep fighting until children are protected from marriage in all 50 states".
#stodden #marriage
The new law, which will come into effect on 1 January, states people must be 18 to get married in the Golden State.
Newsom called it a "long overdue measure to protect young Californians and minors". He signed the bill into law with Courtney Stodden, whose parents allowed her to marry a 50-year-old Hollywood actor when she was just 16.
Stodden, who has been advocating to end the practice, called the change a "victory" and said survivors of child marriage should "never have been expected to carry this burden".
Stodden said she would "keep fighting until children are protected from marriage in all 50 states".
#stodden #marriage
2 months ago
(NEXSTAR) – The days getting shorter serve as a reminder that we’re barreling toward the end of our seasonal observation of daylight saving time, but the wheels may be in motion to stop that – a move more than a dozen states have been waiting to happen.
Earlier this year, the House passed the Sunshine Protection Act, which would make daylight saving time permanent throughout the U.S., with few exceptions. It’s been held up in the Senate since July but, now that the chamber has returned from recess, there’s a chance the legislation could be picked up.
If it can pass the Senate, the bill seems to stand a fair chance of becoming law, with President Trump already expressing support.
For more than a dozen states, this is the closest they’ve been in years to seeing some of their own legislation finally take effect. The U.S. hasn’t been this close to permanent daylight saving time since a version of the Sunshine Protection Act passed in the Senate in 2022 but fizzled in the House.
At present, states are only allowed to opt into year-round permanent standard time, as Hawaii and much of Arizona have done. But that hasn’t stopped 19 states from enacting legislation that would make daylight saving time permanent in their jurisdiction, pending approval from Congress.
#House
Earlier this year, the House passed the Sunshine Protection Act, which would make daylight saving time permanent throughout the U.S., with few exceptions. It’s been held up in the Senate since July but, now that the chamber has returned from recess, there’s a chance the legislation could be picked up.
If it can pass the Senate, the bill seems to stand a fair chance of becoming law, with President Trump already expressing support.
For more than a dozen states, this is the closest they’ve been in years to seeing some of their own legislation finally take effect. The U.S. hasn’t been this close to permanent daylight saving time since a version of the Sunshine Protection Act passed in the Senate in 2022 but fizzled in the House.
At present, states are only allowed to opt into year-round permanent standard time, as Hawaii and much of Arizona have done. But that hasn’t stopped 19 states from enacting legislation that would make daylight saving time permanent in their jurisdiction, pending approval from Congress.
#House
2 months ago
As a Californian, I can say this: If there are two industries that residents of the Golden State really don't like, it's insurance providers and utilities.
Interestingly, with the state considering wildfire reform legislation, those industries are at odds with one another. That's material for investors considering stocks such as PG&E (NYSE: PCG). The company known to California customers as Pacific Gas & Electric is one of the four major investor-owned utilities in the state, and due to the state having some of the highest utility rates in the U.S., PG&E and friends don't have a lot of fans in the state.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Of course, investing isn't a popularity contest. There are plenty of stocks that are often vilified in the court of public opinion that also deliver compelling returns. This year, oil equities certainly check that box. But the biggest risk to prospective PG&E investors isn't how Californians feel about the utility. It's the goings-on in Sacramento.
For those who are new to utility stocks, the primary reasons investors have embraced this sector over the years are above-average dividend yields, below-average risk profiles, and, more recently, inroads to the artificial intelligence (AI) trade.
#state #signal
Interestingly, with the state considering wildfire reform legislation, those industries are at odds with one another. That's material for investors considering stocks such as PG&E (NYSE: PCG). The company known to California customers as Pacific Gas & Electric is one of the four major investor-owned utilities in the state, and due to the state having some of the highest utility rates in the U.S., PG&E and friends don't have a lot of fans in the state.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Of course, investing isn't a popularity contest. There are plenty of stocks that are often vilified in the court of public opinion that also deliver compelling returns. This year, oil equities certainly check that box. But the biggest risk to prospective PG&E investors isn't how Californians feel about the utility. It's the goings-on in Sacramento.
For those who are new to utility stocks, the primary reasons investors have embraced this sector over the years are above-average dividend yields, below-average risk profiles, and, more recently, inroads to the artificial intelligence (AI) trade.
#state #signal
2 months ago
The Illinois governor called for federal regulation of AI.
With calls to regulate AI growing, Illinois Gov. JB Pritzker urged Congress to pass federal guardrails on the technology.
“You can't do this state by state. This needs to be a national effort as well as an international endeavor, especially together with our allies, because AI is not going to go away,” Pritzker told ABC “This Week” co-anchor Jonathan Karl in an exclusive interview that aired Sunday.
Pritzker touted legislation he signed in Illinois in July requiring AI companies to conduct annual third-party audits of their safety plans and disclose safety incidents to the state. He urged Congress to make federal regulations a top priority, calling the technology “dangerous on the level of nuclear weapons.”
President Donald Trump has called AI fears a “hoax” and announced he is forming an “AI Force” to accelerate growth in the industry. Pritzker said that approach is a mistake.
#federal #urged #safety
With calls to regulate AI growing, Illinois Gov. JB Pritzker urged Congress to pass federal guardrails on the technology.
“You can't do this state by state. This needs to be a national effort as well as an international endeavor, especially together with our allies, because AI is not going to go away,” Pritzker told ABC “This Week” co-anchor Jonathan Karl in an exclusive interview that aired Sunday.
Pritzker touted legislation he signed in Illinois in July requiring AI companies to conduct annual third-party audits of their safety plans and disclose safety incidents to the state. He urged Congress to make federal regulations a top priority, calling the technology “dangerous on the level of nuclear weapons.”
President Donald Trump has called AI fears a “hoax” and announced he is forming an “AI Force” to accelerate growth in the industry. Pritzker said that approach is a mistake.
#federal #urged #safety
2 months ago
Gov. Gavin Newsom on Saturday signed legislation to increase security for the state's voting systems and protect Californians' ability to cast ballots in an effort to guard against potential interference in the Nov. 3 election, including by the Trump administration.
Newsom pointed to the Trump administration's recent effort to restrict mail-in voting through the U.S. Postal Service, which was struck down by the U.S. Supreme Court, and the presence of federal monitors at California polls last year as evidence that Trump "will continue his efforts to interfere with the November election."
"Donald Trump won't stop until he can exert dictatorial control over your free vote and disenfranchise millions of people this November. California will stop him at every opportunity," Newsom said in a statement. "We have no bigger task than fighting to protect the right to vote from interference and meddling — the future of democracy is on the line. These bills today build upon the wall California has built to safeguard our electoral process."
The governor signed the package of bills at the ****** anese American National Museum in Little Tokyo, where a year earlier federal agents gathered outside a political rally he was hosting. Then-Border Patrol Sector Chief Gregory Bovino, who had been leading the immigration operations in California, was among those outside the event, joined by agents in helmets, camouflage, masks and holding guns. Newsom described their presence as political intimidation.
One bill Newsom signed Saturday cites efforts to "weaponize law enforcement authority for political purposes," including Republican "Sheriff Chad Bianco's seizure of ballots in Riverside County," and the election monitors sent by the U.S. Justice Department to polling sites in five counties during a 2025 special election on redistricting.
#political
Newsom pointed to the Trump administration's recent effort to restrict mail-in voting through the U.S. Postal Service, which was struck down by the U.S. Supreme Court, and the presence of federal monitors at California polls last year as evidence that Trump "will continue his efforts to interfere with the November election."
"Donald Trump won't stop until he can exert dictatorial control over your free vote and disenfranchise millions of people this November. California will stop him at every opportunity," Newsom said in a statement. "We have no bigger task than fighting to protect the right to vote from interference and meddling — the future of democracy is on the line. These bills today build upon the wall California has built to safeguard our electoral process."
The governor signed the package of bills at the ****** anese American National Museum in Little Tokyo, where a year earlier federal agents gathered outside a political rally he was hosting. Then-Border Patrol Sector Chief Gregory Bovino, who had been leading the immigration operations in California, was among those outside the event, joined by agents in helmets, camouflage, masks and holding guns. Newsom described their presence as political intimidation.
One bill Newsom signed Saturday cites efforts to "weaponize law enforcement authority for political purposes," including Republican "Sheriff Chad Bianco's seizure of ballots in Riverside County," and the election monitors sent by the U.S. Justice Department to polling sites in five counties during a 2025 special election on redistricting.
#political
2 months ago
Trump signed the legislation into law on Friday, the White House said.
LONDON -- Ukrainian President Volodymyr Zelenskyy on Friday thanked President Donald Trump for signing into law a bill championed by the late Sen. Lindsey Graham, which allows for the expansion of sanctions on Russia related to Moscow's ongoing full-scale invasion of Ukraine.
Trump signed the bill on Friday, the White House said in a statement, after the legislation passed both the House and Senate with strong bipartisan backing. The legislation "authorizes and expands statutory sanctions, tariffs and prohibitions on Russia and extends existing sanctions on Iran," the White House said.
The bill's passage came about two months after Graham died suddenly following a tear in his aorta. Graham had long been an advocate of U.S. support for Kyiv and more stringent measures on Russia and the regime headed by President Vladimir Putin. In 2024, Russia's state financial monitoring agency added Graham to its list of alleged "terrorists and extremists."
In a post to Telegram on Friday night, Zelenskyy thanked Trump for signing what he called "critically important legislation," extending his thanks to "all the senators and members of the House of Representatives who supported it."
#legislation #white #Russia #zelenskyy
LONDON -- Ukrainian President Volodymyr Zelenskyy on Friday thanked President Donald Trump for signing into law a bill championed by the late Sen. Lindsey Graham, which allows for the expansion of sanctions on Russia related to Moscow's ongoing full-scale invasion of Ukraine.
Trump signed the bill on Friday, the White House said in a statement, after the legislation passed both the House and Senate with strong bipartisan backing. The legislation "authorizes and expands statutory sanctions, tariffs and prohibitions on Russia and extends existing sanctions on Iran," the White House said.
The bill's passage came about two months after Graham died suddenly following a tear in his aorta. Graham had long been an advocate of U.S. support for Kyiv and more stringent measures on Russia and the regime headed by President Vladimir Putin. In 2024, Russia's state financial monitoring agency added Graham to its list of alleged "terrorists and extremists."
In a post to Telegram on Friday night, Zelenskyy thanked Trump for signing what he called "critically important legislation," extending his thanks to "all the senators and members of the House of Representatives who supported it."
#legislation #white #Russia #zelenskyy
2 months ago
Crypto volatility is likely to remain elevated as investors weigh the Federal Reserve's monetary policy decision and the CLARITY Act's failure to advance in a key Senate procedural vote, according to Simon-Peter Massabni, head of business development at XS.com.
Bitcoin (CRYPTO: $BTC) fell more than 2.5% to around $75,600 on Tuesday, while Ethereum (CRYPTO: $ETH), Solana (CRYPTO: $SOL), Cardano (CRYPTO: $ADA) and Dogecoin (CRYPTO: $DOGE) also traded lower.
The Senate's failure to advance the CLARITY Act was a major source of market uncertainty. Senators voted 49-50 on Tuesday, falling well short of the 60 votes required to move the legislation forward. The bill aims to establish a federal framework for digital ****** ets and clarify the regulatory roles of the Securities and Exchange Commission and Commodity Futures Trading Commission.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#commission #failure #advance #senate
Bitcoin (CRYPTO: $BTC) fell more than 2.5% to around $75,600 on Tuesday, while Ethereum (CRYPTO: $ETH), Solana (CRYPTO: $SOL), Cardano (CRYPTO: $ADA) and Dogecoin (CRYPTO: $DOGE) also traded lower.
The Senate's failure to advance the CLARITY Act was a major source of market uncertainty. Senators voted 49-50 on Tuesday, falling well short of the 60 votes required to move the legislation forward. The bill aims to establish a federal framework for digital ****** ets and clarify the regulatory roles of the Securities and Exchange Commission and Commodity Futures Trading Commission.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#commission #failure #advance #senate
2 months ago
If online prediction markets are correct, the Democrats are likely to win back the House and Senate in November. On Polymarket, there's currently a 53% chance of a Democratic sweep.
If you're a crypto investor, that outcome could have important consequences for your portfolio. That's especially the case if Democrats delay, roll back, or block important pro-crypto legislation. With that in mind, here's one crypto to buy and one crypto to sell.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
My one crypto to buy is Bitcoin (CRYPTO: BTC). It is still the most popular cryptocurrency, accounting for a whopping 60% of the crypto market's total $2.6 trillion market cap. As Bitcoin goes, so goes the crypto market.
As a result, Bitcoin currently has the support of both Wall Street and the White House, so any political fallout from the midterm elections in the event of a Democratic sweep should be minimal. Regulators already agree that Bitcoin is a commodity, not a security. Thus, even if the Clarity Act does not pass this year, it shouldn't have a direct impact on the regulatory status of Bitcoin and how institutional investors view it.
#NVIDIA #flashing #total
If you're a crypto investor, that outcome could have important consequences for your portfolio. That's especially the case if Democrats delay, roll back, or block important pro-crypto legislation. With that in mind, here's one crypto to buy and one crypto to sell.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
My one crypto to buy is Bitcoin (CRYPTO: BTC). It is still the most popular cryptocurrency, accounting for a whopping 60% of the crypto market's total $2.6 trillion market cap. As Bitcoin goes, so goes the crypto market.
As a result, Bitcoin currently has the support of both Wall Street and the White House, so any political fallout from the midterm elections in the event of a Democratic sweep should be minimal. Regulators already agree that Bitcoin is a commodity, not a security. Thus, even if the Clarity Act does not pass this year, it shouldn't have a direct impact on the regulatory status of Bitcoin and how institutional investors view it.
#NVIDIA #flashing #total
2 months ago
The House of Representatives on Tuesday passed a bipartisan bill aimed at shielding Americans from increased electricity costs **** ociated with data centers being built across the country.
The Ratepayer Protection Act, which passed with an overwhelming 417-3 majority, "ensures American families are not left footing the bill for the grid upgrades and new energy generation required to operate large data centers," Republican Rep. Gabe Evans, one of the bill's sponsors, said ahead of the vote.
The bill now moves to the Senate, where its prospects of passing are uncertain.
The Ratepayer Protection Act is the first major piece of legislation taken up by Congress to address the growing public discontent over the mass buildout of data centers among the American public. Even if it passes, though, it won't directly set the rates that data center operators pay for their electricity.
Congress doesn't have the power to compel utilities to set higher rates for the facilities. Only states have that authority. What the Ratepayer Protection Act would do is compel state utility regulators to consider adopting a federal standard under which large data centers would cover the extra costs of upgrades. The bill is comparable to a proclamation signed by President Trump earlier this year that established a similar voluntary pledge for tech companies.
#passed
The Ratepayer Protection Act, which passed with an overwhelming 417-3 majority, "ensures American families are not left footing the bill for the grid upgrades and new energy generation required to operate large data centers," Republican Rep. Gabe Evans, one of the bill's sponsors, said ahead of the vote.
The bill now moves to the Senate, where its prospects of passing are uncertain.
The Ratepayer Protection Act is the first major piece of legislation taken up by Congress to address the growing public discontent over the mass buildout of data centers among the American public. Even if it passes, though, it won't directly set the rates that data center operators pay for their electricity.
Congress doesn't have the power to compel utilities to set higher rates for the facilities. Only states have that authority. What the Ratepayer Protection Act would do is compel state utility regulators to consider adopting a federal standard under which large data centers would cover the extra costs of upgrades. The bill is comparable to a proclamation signed by President Trump earlier this year that established a similar voluntary pledge for tech companies.
#passed
2 months ago
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Senators on Tuesday voted to block the Clarity Act from moving forward, setting back efforts to establish a comprehensive regulatory framework for the crypto industry.
The Digital ******* et Market Clarity Act received 50 votes for and 49 against the motion to proceed, short of the 60 votes needed to advance, a threshold that would have required at least seven Democratic "yes" votes and all 53 Senate Republicans.
Sen. Elizabeth Warren (D-Mass.) has been an outspoken critic of the legislation, saying it "fails to adequately protect investors, our financial system, and our national security. However, Republicans say the latest draft included more than 100 revisions Democrats requested, including stricter ethics guidelines.
The bill is over 600 pages long and would have marked the first federal regulation of the U.S. crypto sector. A version of the bill cleared the House last year, but it encountered resistance in the Senate.
#Crypto #tuesday
Senators on Tuesday voted to block the Clarity Act from moving forward, setting back efforts to establish a comprehensive regulatory framework for the crypto industry.
The Digital ******* et Market Clarity Act received 50 votes for and 49 against the motion to proceed, short of the 60 votes needed to advance, a threshold that would have required at least seven Democratic "yes" votes and all 53 Senate Republicans.
Sen. Elizabeth Warren (D-Mass.) has been an outspoken critic of the legislation, saying it "fails to adequately protect investors, our financial system, and our national security. However, Republicans say the latest draft included more than 100 revisions Democrats requested, including stricter ethics guidelines.
The bill is over 600 pages long and would have marked the first federal regulation of the U.S. crypto sector. A version of the bill cleared the House last year, but it encountered resistance in the Senate.
#Crypto #tuesday
2 months ago
The House Ways and Means Committee will consider legislation Wednesday that would exempt some crypto transaction fees from capital-gains calculations and apply new federal tax rules to stablecoins, staking, mining and digital ***** et trading.
Committee Chairman Jason Smith, R-Mo., introduced the 114-page Digital ***** et Tax Certainty Act, or H.R. 10357. The committee has scheduled its markup for 10 a.m. Eastern on Sept. 16.
During a markup, committee members debate a bill, propose amendments, and decide whether to advance it to the full House.
The legislation would create a "de minimis" exemption for qualifying network or transaction fees of $10 or less. De minimis refers to an amount considered too small to require standard tax treatment.
Paying a blockchain fee with crypto can create a taxable event because the IRS treats digital ***** ets as property. The exemption would allow taxpayers to disregard gains or losses on eligible fees.
#committee #digital #asset
Committee Chairman Jason Smith, R-Mo., introduced the 114-page Digital ***** et Tax Certainty Act, or H.R. 10357. The committee has scheduled its markup for 10 a.m. Eastern on Sept. 16.
During a markup, committee members debate a bill, propose amendments, and decide whether to advance it to the full House.
The legislation would create a "de minimis" exemption for qualifying network or transaction fees of $10 or less. De minimis refers to an amount considered too small to require standard tax treatment.
Paying a blockchain fee with crypto can create a taxable event because the IRS treats digital ***** ets as property. The exemption would allow taxpayers to disregard gains or losses on eligible fees.
#committee #digital #asset
2 months ago
The vote ends a nearly two-year pause in Ukraine **** istance from Congress.
Advocates of the bill, including Ukrainian President Volodymyr Zelenskyy, have argued it would give the White House necessary tools to squeeze Russia economically, curbing the flow of funds to Moscow’s war machine. | Rod Lamkey, Jr./AP
09/17/2026 07:54 AM GMT+9
The House passed the sweeping Russia sanctions bill long championed by the late Sen. Lindsey Graham on Wednesday, sending the legislation to the White House for President Donald Trump’s signature after more than a year of congressional maneuvering.
#white #ukrainian
Advocates of the bill, including Ukrainian President Volodymyr Zelenskyy, have argued it would give the White House necessary tools to squeeze Russia economically, curbing the flow of funds to Moscow’s war machine. | Rod Lamkey, Jr./AP
09/17/2026 07:54 AM GMT+9
The House passed the sweeping Russia sanctions bill long championed by the late Sen. Lindsey Graham on Wednesday, sending the legislation to the White House for President Donald Trump’s signature after more than a year of congressional maneuvering.
#white #ukrainian
2 months ago
The Republican speaker of the House, Mike Johnson, announced on Wednesday that he would again cancel votes scheduled for Thursday, sending lawmakers home one day early ahead of the midterm election recess.
The latest change to the legislative schedule means House members will avoid voting on Republican Thomas Massie's resolution to impeach the defense secretary, Pete Hegseth, and comes amid a frenzied attempt to propose legislation on artificial intelligence.
It's the latest round of cancellations at the hands of Johnson, who had already cut the pre-election session short by two weeks. Democrats have reacted angrily, encouraging Johnson to keep lawmakers on Capitol Hill before the midterm recess beginning on Friday.
Related: More Republicans are turning on Iran war as midterms come into view
"I think it shows the cowardice of the Republican party. They are canceling votes to do business for the American people because they are afraid that that impeachment resolution of Pete Hegseth would pass on a bipartisan basis," the Democratic representative Pramila Jayapal told MediasTouch.
#votes #election
The latest change to the legislative schedule means House members will avoid voting on Republican Thomas Massie's resolution to impeach the defense secretary, Pete Hegseth, and comes amid a frenzied attempt to propose legislation on artificial intelligence.
It's the latest round of cancellations at the hands of Johnson, who had already cut the pre-election session short by two weeks. Democrats have reacted angrily, encouraging Johnson to keep lawmakers on Capitol Hill before the midterm recess beginning on Friday.
Related: More Republicans are turning on Iran war as midterms come into view
"I think it shows the cowardice of the Republican party. They are canceling votes to do business for the American people because they are afraid that that impeachment resolution of Pete Hegseth would pass on a bipartisan basis," the Democratic representative Pramila Jayapal told MediasTouch.
#votes #election
2 months ago
By David Shepardson
WASHINGTON, Sept 16 (Reuters) - The U.S. Senate Commerce Committee approved legislation on Wednesday to bar government officials from pressuring private companies to censor speech, citing threats from the Trump administration against late-night talk shows as evidence of efforts to stifle free expression.
The measure would allow citizens to sue federal employees who pressure private companies into suppressing speech protected by the First Amendment to the U.S. Constitution, which guarantees free expression. Both Republicans and Democrats on the committee said the bill was needed to curb government overreach.
The committee approved the bill 18-10. It must still pass the full Senate, where it is unclear when it may be taken up, and the U.S. House of Representatives to become law.
Senator Maria Cantwell, the top Democrat on the panel, said the bill, if it had been in effect, would have allowed Disney-owned ABC's late-night show host Jimmy Kimmel to file suit after Federal Communications Commission chair Brendan Carr last year pressured station owners to stop airing Kimmel's show following remarks about the ****** assination of conservative activist Charlie Kirk.
#approved #government #private
WASHINGTON, Sept 16 (Reuters) - The U.S. Senate Commerce Committee approved legislation on Wednesday to bar government officials from pressuring private companies to censor speech, citing threats from the Trump administration against late-night talk shows as evidence of efforts to stifle free expression.
The measure would allow citizens to sue federal employees who pressure private companies into suppressing speech protected by the First Amendment to the U.S. Constitution, which guarantees free expression. Both Republicans and Democrats on the committee said the bill was needed to curb government overreach.
The committee approved the bill 18-10. It must still pass the full Senate, where it is unclear when it may be taken up, and the U.S. House of Representatives to become law.
Senator Maria Cantwell, the top Democrat on the panel, said the bill, if it had been in effect, would have allowed Disney-owned ABC's late-night show host Jimmy Kimmel to file suit after Federal Communications Commission chair Brendan Carr last year pressured station owners to stop airing Kimmel's show following remarks about the ****** assination of conservative activist Charlie Kirk.
#approved #government #private
2 months ago
Critics are slamming Norway over new legislation that they say singles out Jews. The proposed law could send individuals to prison for up to three years for knowingly conducting certain forms of business with Israeli communities in the West Bank.
The proposal, introduced by Norway's Ministry of Foreign Affairs, would prohibit the importation of goods originating in Israeli communities in the West Bank, including East Jerusalem and the exportation of goods to those communities. It would also restrict certain real estate transactions, construction and engineering services and investments in businesses headquartered and operating there.
Intentional violations could result in fines, imprisonment for up to three years or both, while negligent violations could carry fines, imprisonment for up to six months or both, according to Section 7 of the Norwegian Ministry of Foreign Affairs' official consultation document.
Israel's E1 Plan Explained: The Jerusalem-area Corridor Sparking International Backlash
(L-R) Palestinian Prime Minister Mohammad Mustafa, EU High Representative for Foreign Affairs and Security Policy Kaja Kallas, and Norwegian Foreign Minister Espen Barth Eide addressed the media following the 9th Global Alliance for the Two-State Solution Meeting and the Ad Hoc Liaison Committee (AHLC) Meeting, focusing on international aid for Palestinians and the revitalization of the peace process.
#west
The proposal, introduced by Norway's Ministry of Foreign Affairs, would prohibit the importation of goods originating in Israeli communities in the West Bank, including East Jerusalem and the exportation of goods to those communities. It would also restrict certain real estate transactions, construction and engineering services and investments in businesses headquartered and operating there.
Intentional violations could result in fines, imprisonment for up to three years or both, while negligent violations could carry fines, imprisonment for up to six months or both, according to Section 7 of the Norwegian Ministry of Foreign Affairs' official consultation document.
Israel's E1 Plan Explained: The Jerusalem-area Corridor Sparking International Backlash
(L-R) Palestinian Prime Minister Mohammad Mustafa, EU High Representative for Foreign Affairs and Security Policy Kaja Kallas, and Norwegian Foreign Minister Espen Barth Eide addressed the media following the 9th Global Alliance for the Two-State Solution Meeting and the Ad Hoc Liaison Committee (AHLC) Meeting, focusing on international aid for Palestinians and the revitalization of the peace process.
#west
2 months ago
Congressional Republicans have a plan to pass key portions of the Safeguarding American Voter Eligibility (SAVE) America Act before the end of this year.
The election integrity bill backed by President Donald Trump and fiercely opposed by Democrats has stalled in Congress, where Senate Majority Leader John Thune, R-S.D., has been reluctant to call it up for a vote, given that it's all but ***** ured to fail.
At least several Democrats would be needed to reach the Senate's 60-vote threshold to break a filibuster. But left-wing lawmakers in the House and Senate have panned the legislation as an attempt to sow doubt in U.S. elections at best and voter suppression at worst.
Speaker Mike Johnson, R-La., is now pushing Republicans to pass the bill's main mandates via the budget reconciliation process, which allows the party in power to pass sweeping fiscal policy without input from the minority due to its sidelining of the Senate filibuster. Rep. Bryan Steil, R-Wis., chairman of the Committee on House Administration, is tasked with overseeing how that part of the bill gets done.
Trump Questions Thune's Leadership As Save America Act Stalls
#Trump #bill
The election integrity bill backed by President Donald Trump and fiercely opposed by Democrats has stalled in Congress, where Senate Majority Leader John Thune, R-S.D., has been reluctant to call it up for a vote, given that it's all but ***** ured to fail.
At least several Democrats would be needed to reach the Senate's 60-vote threshold to break a filibuster. But left-wing lawmakers in the House and Senate have panned the legislation as an attempt to sow doubt in U.S. elections at best and voter suppression at worst.
Speaker Mike Johnson, R-La., is now pushing Republicans to pass the bill's main mandates via the budget reconciliation process, which allows the party in power to pass sweeping fiscal policy without input from the minority due to its sidelining of the Senate filibuster. Rep. Bryan Steil, R-Wis., chairman of the Committee on House Administration, is tasked with overseeing how that part of the bill gets done.
Trump Questions Thune's Leadership As Save America Act Stalls
#Trump #bill
2 months ago
WASHINGTON (AP) — President Donald Trump has agreed to a significant portion of a stringent ethics proposal that is part of broader cryptocurrency legislation headed for a key vote this week, according to three of the bill's main Republican authors.
The sweeping bill initially had just a provision included that would bar all federally elected officials and their spouses, as well as federal judges, from issuing digital ***** ets.
A core group of Democrats, as well as Sen. Thom Tillis, R-N.C., said that didn't go far enough to address conflict-of-interest issues they had with Trump's crypto wealth. Their votes would be needed to advance the bill in a key vote this Tuesday.
Tillis and Sen. Ruben Gallego, D-Ariz., along with several other Democrats, had demanded language that would allow state attorneys general to step in and enforce the law in addition to the Justice Department.
In announcing Trump's agreement, Republican Sens. Cynthia Lummis of Wyoming, Tim Scott of South Carolina and John Boozman of Arkansas said it includes a "meaningful role" for state attorneys general to play in enforcing the crypto measure should it become law.
#republican #vote #well #Crypto
The sweeping bill initially had just a provision included that would bar all federally elected officials and their spouses, as well as federal judges, from issuing digital ***** ets.
A core group of Democrats, as well as Sen. Thom Tillis, R-N.C., said that didn't go far enough to address conflict-of-interest issues they had with Trump's crypto wealth. Their votes would be needed to advance the bill in a key vote this Tuesday.
Tillis and Sen. Ruben Gallego, D-Ariz., along with several other Democrats, had demanded language that would allow state attorneys general to step in and enforce the law in addition to the Justice Department.
In announcing Trump's agreement, Republican Sens. Cynthia Lummis of Wyoming, Tim Scott of South Carolina and John Boozman of Arkansas said it includes a "meaningful role" for state attorneys general to play in enforcing the crypto measure should it become law.
#republican #vote #well #Crypto
2 months ago
Coinbase jumped 6% on a Compass Point upgrade to Neutral, while MARA slid 2% after JPMorgan cut it to Underweight with an $11 target.
IBIT rose 1% as Bitcoin lifted crypto stocks, while SPY fell 0.8%, splitting crypto-linked equities from the broader AI-led tech selloff.
The Senate's CLARITY Act vote this week is the binary catalyst for Coinbase, though ****** yst Ed Engel expects the bill to fail.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now, and Coinbase didn't make the cut. Enter your email to see the names that beat COIN. The report is free. Enter your email and see if any of your stocks made the cut.
Coinbase Global (NASDAQ:COIN) shares are up 6% to $185.34 Monday morning after Compass Point ****** yst Ed Engel upgraded the exchange operator to Neutral from Sell ahead of a scheduled Senate floor vote on crypto market-structure legislation. The bounce for Coinbase stock trims an 18% year-to-date decline that had made the exchange one of the sector's most bruised names heading into this week.
#Coinbase #engel #vote
IBIT rose 1% as Bitcoin lifted crypto stocks, while SPY fell 0.8%, splitting crypto-linked equities from the broader AI-led tech selloff.
The Senate's CLARITY Act vote this week is the binary catalyst for Coinbase, though ****** yst Ed Engel expects the bill to fail.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now, and Coinbase didn't make the cut. Enter your email to see the names that beat COIN. The report is free. Enter your email and see if any of your stocks made the cut.
Coinbase Global (NASDAQ:COIN) shares are up 6% to $185.34 Monday morning after Compass Point ****** yst Ed Engel upgraded the exchange operator to Neutral from Sell ahead of a scheduled Senate floor vote on crypto market-structure legislation. The bounce for Coinbase stock trims an 18% year-to-date decline that had made the exchange one of the sector's most bruised names heading into this week.
#Coinbase #engel #vote
2 months ago
U.S. Sen. Ted Cruz joined the set of ESPN's "College GameDay" on Saturday morning in Austin to push landmark legislation to regulate college sports ahead of the Texas Longhorns' highly anticipated matchup with the top-ranked Ohio State Buckeyes.
He did not receive a warm welcome.
Cruz, clad in a burnt orange blazer, was consistently booed by the raucous crowd of Longhorns faithful throughout his nine-minute interview, with fans breaking into chants of "Ted, you suck" and "Get him off."
He did not acknowledge the jeers, which came on a campus that gave the senator less than 20% of the vote in his 2024 re-election. The Chronicle has reached out to Cruz's office.
Cruz was in attendance to push the Protect College Sports Act, a bill he co-authored with Sen. Maria Cantwell, D-Washington. The legislation is scheduled for a vote in the Senate next week.
#longhorns #sports
He did not receive a warm welcome.
Cruz, clad in a burnt orange blazer, was consistently booed by the raucous crowd of Longhorns faithful throughout his nine-minute interview, with fans breaking into chants of "Ted, you suck" and "Get him off."
He did not acknowledge the jeers, which came on a campus that gave the senator less than 20% of the vote in his 2024 re-election. The Chronicle has reached out to Cruz's office.
Cruz was in attendance to push the Protect College Sports Act, a bill he co-authored with Sen. Maria Cantwell, D-Washington. The legislation is scheduled for a vote in the Senate next week.
#longhorns #sports
2 months ago
A week after Nick Saban and Pat McAfee practically did an infomercial for the Protect College Sports Act during College GameDay, one of the bill's co-sponsors, Sen. Ted Cruz (R-Texas), was given the chance to make a full-throated defense of the bill and why it needed to be passed by the Senate and House, with Cruz previously saying that if passed, President Donald Trump would sign it into law on a future episode of ESPN's flagship college football show.
Even by the standards of College GameDay, which has been known to put its thumb on the scale when it wanted, this whole affair has been wildly inappropriate. It's one thing for Kirk Herbstreit to chastise football players for opting out of meaningless bowl games; it's another thing for the show to put its full weight behind a Congressional bill without providing ample time to those proponents and opponents, especially when those who oppose the bill do so on the grounds that it will negatively impact the earning ability of the athletes who make the sport work.
However, it helps you understand this all-out blitz when you realize where ESPN's parent company is putting its money.
Joedy McCreary at OpenSecrets recently laid out the fight surrounding the PCSA, spelling out which entities are pushing for it and which are pushing back.
Per McCreary, several major broadcasting and cable companies are putting their money where their mouth is. The National ****** ociation of Broadcasters (NAB) and NCTA – the Internet and Television ****** ociation lobbied for the legislation. Amazon, Paramount Skydance, and Disney (which owns ESPN) listed the college sports measure among the dozens of bills they worked on between April 1 and June 30.
#bill #sports
Even by the standards of College GameDay, which has been known to put its thumb on the scale when it wanted, this whole affair has been wildly inappropriate. It's one thing for Kirk Herbstreit to chastise football players for opting out of meaningless bowl games; it's another thing for the show to put its full weight behind a Congressional bill without providing ample time to those proponents and opponents, especially when those who oppose the bill do so on the grounds that it will negatively impact the earning ability of the athletes who make the sport work.
However, it helps you understand this all-out blitz when you realize where ESPN's parent company is putting its money.
Joedy McCreary at OpenSecrets recently laid out the fight surrounding the PCSA, spelling out which entities are pushing for it and which are pushing back.
Per McCreary, several major broadcasting and cable companies are putting their money where their mouth is. The National ****** ociation of Broadcasters (NAB) and NCTA – the Internet and Television ****** ociation lobbied for the legislation. Amazon, Paramount Skydance, and Disney (which owns ESPN) listed the college sports measure among the dozens of bills they worked on between April 1 and June 30.
#bill #sports
2 months ago
Senator Ted Cruz sent a dire warning if Congress does not pass the Protect College Sports Act. In about five years, in Cruz's estimation, football and other sports will be in an unrecognizable state.
The biggest things for Cruz are the transfer rules and a hard out on eligibility for college athletes. You get one free transfer and five years of eligibility in total, which ends regardless of how many years used once you turn the age of 24. Keeping that in place, along with an even playing field when it comes to NIL, this is the best solution for football, basketball, wone's sports and other Olympic sports, per Cruz.
$19.99 gets you a FULL year of On3 | Rivals national coverage
"There are no rules, and the situation with the transfer portal, where kids go and transfer two, three, four, five times, it's terrible for the game. It's terrible for the players. It's terrible for the schools, and it's terrible for the families," Cruz said on College GameDay. "And so the reason Congress is acting is because Congress created this problem. It was the federal antitrust laws that were used to bring the lawsuits that struck down all the rules, and so the Protect College Sports Act is bipartisan legislation that's very simple.
"It brings order to chaos. It protects the students, protects the student's ability to be compensated to receive name, image, and likeness compensation, I think that's only fair. It's only right."
#sports #congress #transfer
The biggest things for Cruz are the transfer rules and a hard out on eligibility for college athletes. You get one free transfer and five years of eligibility in total, which ends regardless of how many years used once you turn the age of 24. Keeping that in place, along with an even playing field when it comes to NIL, this is the best solution for football, basketball, wone's sports and other Olympic sports, per Cruz.
$19.99 gets you a FULL year of On3 | Rivals national coverage
"There are no rules, and the situation with the transfer portal, where kids go and transfer two, three, four, five times, it's terrible for the game. It's terrible for the players. It's terrible for the schools, and it's terrible for the families," Cruz said on College GameDay. "And so the reason Congress is acting is because Congress created this problem. It was the federal antitrust laws that were used to bring the lawsuits that struck down all the rules, and so the Protect College Sports Act is bipartisan legislation that's very simple.
"It brings order to chaos. It protects the students, protects the student's ability to be compensated to receive name, image, and likeness compensation, I think that's only fair. It's only right."
#sports #congress #transfer
