Congress News

U.S. Corporate Crisis Bailouts May Prove Bonanza For Insider Trading, New Study Warns

WASHINGTON/BOSTON — White-collar crime prosecutors and defense attorneys are likely to be busy following a massive economic stimulus package from the U.S. Congress aimed at mitigating the fallout from the coronavirus, according to a new academic study of insider trading. …

Paul Tudor Jones Sees Regular Virus Testing, Isolation In Future

Billionaire Paul Tudor Jones said workers in the U.S. should start thinking about resuming a different kind of life after the worst of Covid-19 — one with widespread testing and periodic self-isolation. The legendary trader and hedge fund manager, who …

Public Pressure Growing for Insurers to Be Part of Coronavirus Solution

While legislators in Washington D.C. and states try to fashion financial relief for businesses interrupted by the public health actions related to coronavirus, outside pressure is mounting on private property/casualty commercial insurers to do more than explain why insurance coverage …

Business Asks Government to Act to Avert ‘Devastating’ Hit

WASHINGTON — The nation’s largest business organization is asking government leaders to act rapidly to help companies have access to cash and avert a “potentially devastating” hit to the economy as the coronavirus pandemic forces closures and quarantines worldwide. In …

U.S. ‘Dangerously Insecure’ in Preparing for Major Cyber-Attacks

The U.S. Cyberspace Solarium Commission — a bipartisan body of lawmakers, intelligence officials and others — warned that the nation is “dangerously insecure in cyber,” and recommended a series of actions intended to avert damaging attacks on critical infrastructure and …

J&J CEO Spurns U.S. Congressional Hearing on Carcinogens in Talc Products

Johnson & Johnson Chief Executive Officer Alex Gorsky has declined to appear at a U.S. congressional hearing set for Tuesday on the safety of the company’s Baby Powder and other talc-based cosmetics. In an announcement, the House of Representatives Subcommittee …

Lawmakers Urge Trade Officials to Remove Tech Liability Shield

A bipartisan group of lawmakers is stepping up efforts to have U.S. trade officials eliminate a legal liability shield that tech companies are pushing to keep in new agreements, including a deal to replace the North American Free Trade Agreement …

Aging Holocaust Survivors Try to Sue Over Nazi-Era Insurance

AVENTURA, Fla. — When David Schaecter was a child in Slovakia in the 1930s, he counted more than 100 people in his extended family. By the end of World War II, he alone survived. The rest had been killed in …

US Suspends Low-Level Radioactive Waste Shipments to Nevada

RENO, Nev. — A Nevada congressman called for U.S. Energy Secretary Rick Perry’s resignation Wednesday after the department acknowledged dozens of shipments of low-level radioactive waste shipped to a site north of Las Vegas may have been mislabeled and out …

Congress Passes $19 Billion in Disaster Aid, Sends Bill to Trump

The House cleared a $19 billion disaster-aid plan for areas hit by hurricanes, Midwest floods and California wildfires on Monday after months of negotiations and a final delay of more than a week caused by Republican objections. The bill, passed …