Hillicon Valley – Child Safety Bills on Senate Bridge

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A Senate panel will draft two bipartisan bills on Wednesday aimed at making children safer online through design changes and new data regulations.

And in flea news, the Senate voted on Tuesday to advance legislation to provide

$52 billion to the national semiconductor industry, $81 billion to the National Science Foundation, and a 25% investment tax credit for semiconductor manufacturing.

This is Hillicon Valley, detailing everything you need to know about tech and cyber news, from Capitol Hill to Silicon Valley. Tip Rebecca Klar and Ines Kagubare of The Hill. Did someone forward this newsletter to you? Subscribe here.

Senators debate child safety bills

Two bills that would revamp how tech companies welcome and obtain data from young users will be in the spotlight on Wednesday as a Senate panel debates how to update laws designed before the rise of media social.

The markup is long overdue by critics who say the existing regulations are no longer adequate for a generation high on the internet. Support for the issue has snowballed since a Facebook whistleblower leaked explosive internal documents last year.

  • The Senate Commerce Committee is expected to discuss two bipartisan laws that, taken together, would provide stricter regulations for the operation of online platforms for children and teens. In part, the proposals would bring the United States closer to standards put in place by other countries.
  • “We have been saying for some time now that children need both better privacy protections, including privacy protections for first-time teenagers, and that they need to be protected from misconceptions. manipulative and harmful that keeps them online too long and exposes them to harmful content. . So these bills work really well together,” said Josh Golin, executive director of Fairplay, a group that advocates for online safety for children and teens.

The bills before the committee are the Children’s Online Privacy Protection Act, also known as COPPA 2.0, and the Children’s Online Safety Act (KOSA).

Learn more here.

Advanced Semiconductor Bill

The Senate voted 64 to 32 on Tuesday to advance legislation to provide $52 billion to the nation’s semiconductor industry, $81 billion to the National Science Foundation and an income tax credit. 25% investment for semiconductor manufacturing.

The vote brings the semiconductor bill closer to the finish line after more than a year of negotiations.

  • The Senate passed the first version of the legislation in June last year, but it stalled after House Democrats objected to several of its provisions, and conference negotiations between the two chambers stalled. bogged down in recent weeks.
  • Senate Majority Leader Charles Schumer (DN.Y.) saved the bill by removing several provisions the House had opposed, including a set of trade provisions negotiated by the chairman of the Finance Committee of the Senate, Ron Wyden.
    (D-Ore.) and Sen. Mike Crapo (R-Idaho) last year.

Learn more here.

SMALL BUSINESS GROUP SUPPORTS ANTITRUST BILL

The National Federation of Independent Businesses (NFIB) on Tuesday sent Senators Amy Klobuchar (D-Minn.) and Chuck Grassley (R-Iowa) a letter supporting the senators’ bipartisan antitrust bill aimed at combating the market power of tech giants.

NFIB Vice President of Federal Government Relations Kevin Kuhlman called the bill, the American Innovation and Choice Online Act, “a common-sense proposal that seeks to address conflicts of interest, foster greater choice of online services and ensure a level playing field for small businesses and users of platforms covered by the legislation,” according to a copy of the letter shared with The Hill.

The proposal would prevent tech giants from favoring their own products and services over their rivals.

The bill rolled out of the Senate Judiciary Committee with bipartisan support earlier this year, but was not called to a floor vote – despite pressure from Klobuchar and Grassley.

META MULLS COVID DISINFORMATION POLICY UPDATES

Meta, Facebook’s parent company, has asked the board overseeing policy debates on the platform to comment on whether to relax its COVID misinformation policy.

The company has asked the Oversight Board, a Meta-funded task force that operates independently, whether company policy, including deleting posts with false claims, is still appropriate amid the pandemic.” has evolved,” Meta President of Global Affairs Nick Clegg wrote Tuesday. in a blog post.

Facebook is asking the board to issue an advisory opinion on whether the current measures are appropriate or whether the company should address misinformation through other means such as labeling or downgrading content.

Facebook expanded its misinformation policies in January 2020 to include removing posts containing misinformation related to the COVID-19 pandemic. The company expanded the policy to remove false coronavirus vaccine claims at the end of 2020 as vaccines became available.

Learn more here.

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Toomey, Sinema eye crypto exemption

The senses. Pat Toomey (R-Pa.) and Kyrsten Sinema (D-Arizona) on Tuesday introduced legislation that would exempt small crypto purchases from capital gains tax.

The pair of lawmakers introduced a bill that would provide an exemption for personal transactions using cryptocurrency of less than $50 or personal transactions that generate earnings of less than $50 by being subject to a capital gains tax. capital.

  • The legislation would encourage people to use cryptocurrency for small exchanges and transactions without worrying about being subject to typical tax requirements.
  • Transactions that use cryptocurrency may be taxed, according to the IRS website, which notes that “taxpayers engaging in virtual currency transactions may have to report those transactions on their tax returns.”

Learn more here.

UBER EXPANSION OF EV SERVICES

Uber announced on Tuesday that it is expanding its electric vehicle offering to seven additional cities as part of its effort to reach zero emissions by 2030.

Conor Ferguson, head of mobility communications for Uber, confirmed to The Hill that Comfort Electric, the company’s fleet of all-electric vehicles, will be offered in Las Vegas; Seattle; Portland, Oregon; Denver; Austin, TX; Philadelphia Cream; and Baltimore. The company originally launched Comfort Electric in May in San Francisco, Los Angeles and San Diego.

The news was first reported by Axios.

Ferguson told The Hill that Uber’s partnership with car rental company Hertz is designed to accelerate the adoption of electric vehicles nationwide. He said customers who select the Comfort Electric option will be able to travel in a “premium” electric vehicle such as a Tesla, Polestar or Ford Mustang Mach-E.

Learn more about the announcement.

BITS & COINS

A chewable editorial: Pass the CHIPS Act to Seize the Great Semiconductor Opportunity in the United States

Notable web links:

Tech antitrust bill threatens to break Apple, Google’s grip on the internet (Bloomberg/Leah Nylen)

Zuck Turns Up the Heat (The Verge/Alex Heath and David Pierce)

Comcast eyes Vizio and others for smart TV acquisition (Protocol/Janko Roettgers)

🥑 Click lighter: Maybe chips and DIPS next

One last thing: follow Mosseri

Instagram CEO Adam Mosseri on Tuesday pushed back against criticism that the social media platform was rapidly evolving to look more like TikTok, telling users that while photo sharing will always be an integral part of the app, ” more and more Instagram is going to become video on time.”

After big celebrities like Kylie Jenner and Kim Kardashian slammed Instagram for moving into a TikTok-like service, Mosseri uploaded a video to Twitter letting users know why he thinks the changes were necessary.

“We’re going to continue to support photos, it’s part of our heritage. You know I love photos, I know a lot of you love photos too,” Mosseri said. “That said, I have to be honest – I think more Instagram is going to become video over time.”

Learn more here.

That’s all for today, thanks for reading. Check out The Hill’s Technology and Cybersecurity pages for the latest news and coverage. Well see you tomorrow.

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