Senators Write DOJ and FCC Recommending
Conditions for News Corp. Directv Merger |
9/23. Sen. Mike DeWine
(R-OH) and Sen. Herb Kohl (D-WI), the Chairman and
ranking Democrat on the Senate Judiciary
Committee's Subcommittee
on Subcommittee on Antitrust, Competition Policy, and Consumer Rights, wrote a
letter
to Assistant Attorney General
Hewitt Pate and
Federal Communications Commission (FCC)
Chairman Michael Powell
regarding the proposed acquisition by News Corporation of a controlling interest
in DIRECTV. They propose that the Department of Justice's
(DOJ) Antitrust Division and FCC impose two
conditions upon approval of the merger, and consider four others. They wrote
that "we believe that this transaction should only be approved upon the adoption
of certain conditions". They listed two conditions. First, "the deal should only
be approved on the express condition that the combined company commit to all of
the Program Access Commitments News Corporation has already made as part of its
FCC filings".
"Second, conditions on the deal should require that News
Corporation make any sports programming, such as the World Series, currently
broadcast on the Fox television network, available to DIRECTV’s competitors on
nondiscriminatory terms."
Sen. DeWine (at right) and Sen. Kohl also wrote that
four other "conditions may be appropriate and deserve your consideration".
First, they suggest "A commitment by News Corporation to make its broadcast
television programming available to DIRECTV’s competitors on the same financial
terms and conditions as it makes its broadcast television programming available
to DIRECTV."
Second, they suggest "A commitment to expand DIRECTV’s carriage
of local broadcast stations (the so-called “local into local” service) to
specified additional markets by specified dates." (Parentheses in original.)
Third, they suggest "A commitment that News Corporation will not purchase a
majority interest in Hughes Electronics for the next five years."
Finally, they suggest "A commitment to implement safeguards and procedures to
prevent information sharing between DIRECTV and News Corporation regarding pricing or
other contract terms for programming offered by News Corporation’s competitors,
or regarding pricing or contract terms offered by DIRECTV’s
competitors to purchase programming."
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House Telecom Subcommittee Marks Up E-911
Implementation Act |
9/23. The
House Commerce Committee's
Subcommittee on Telecommunications and the Internet amended and approved
HR 2898,
the "E-911 Implementation Act of 2003".
Rep. Billy Tauzin (R-LA),
the Chairman of the full Committee, stated that "I
look forward to working with Mr. Dingell to schedule a full-committee markup as
soon as possible."
The bill, which was introduced on July 25, 2003 by
Rep. John Shimkus (R-IL),
Rep. Anna Eshoo (D-CA), and others,
requires the head of the National
Telecommunications and Information Administration (NTIA) to create an "E-911
Implementation Coordination Office" to "facilitate coordination and
communication between Federal, State, and local emergency communications
systems, emergency personnel, public safety organizations, telecommunications
carriers, and telecommunications equipment manufacturers and vendors involved in
the implementation of E-911 services".
The bill also authorizes the appropriation of $500 Million in grants over
five years, to be administered by the NTIA, to enhance emergency communications
services.
The bill would also penalize states for redirecting E-911 funds collected
from consumer's cell phone bills. See also, story
titled "Representatives Introduce E911 Implementation Act" in
TLJ Daily E-Mail
Alert No. 707, July 30, 2003.
Rep. Tauzin stated that "this bill sends a clear signal to states to stop raiding
E-911 funds. States are delaying E-911 deployment and costing lives by stealing
E-911 funds and diverting them to other purposes." He added that "No states that
divert E-911 funds should be eligible to participate in the grant program
established under H.R. 2898. And the bill correctly penalizes all other
entities within states that raid funds. Pressure should be generated from the
bottom up to stop states from raiding E-911 funds."
Rep. Fred
Upton (R-MI), the Chairman of the Subcommittee, summarized the bill.
He stated that it "will provide a much-needed boost to our nation's PSAPs as
they meet the challenges facing them -- both in terms of resources and
coordination -- in the provision of Phase II services to our constituents. More
specifically, the bill as introduced establishes an E-911 Implementation and
Coordination Office at the NTIA to facilitate coordination and communications
between federal, state, and local emergency personnel that are involved in the
implementation of E-911 services and serve as a central body for coordinating
E-911 implementation nationwide. In addition, the bill as introduced establishes
a grant program to assist states and municipalities with implementation of Phase
II E-911 services."
Rep. Upton (at right)
offered an amendment in the nature of a substitute
that makes some changes to the bill as introduced. He summarized the bill,
and the changes made by his amendment, in a pair of
statements.
HR 2898 is similar to
S 1250 the
"Enhanced 911 Emergency Communications Act of 2003", sponsored by
Sen. Conrad Burns (R-MT) and others. On
July 17, 2003, the Senate Commerce
Committee approved its bill by unanimous voice vote, without amendment. See,
story titled "Senate Commerce Committee Approves E-911 Bill" in
TLJ Daily E-Mail
Alert No. 701, July 18, 2003. See also,
Senate
Report No. 108-130.
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FTC Files Administrative Complaint Against
AOL and Compuserve |
9/23. The Federal Trade Commission (FTC)
filed an administrative
complaint [3 pages in PDF] against America
Online (AOL) and Compuserve Interactive Services alleging deceptive trade
practices in violation of Section 5 of the Federal Trade Commission Act (FTCA),
codified at 15 U.S.C. §
45, in connection with their failure to honor customer requests to stop
subscribing to internet access services, and their failure to deliver rebates
within the promised time period. The FTC and AOL and Compuserve simultaneously
settled the complaint. See also, FTC
release.
The complaint alleges that "AOL failed to
implement appropriate measures to ensure that all customers' requests for
cancellation were properly executed. As a result, in numerous instances,
subscribers who requested cancellation were not cancelled and continued to be
charged monthly service fees."
The complaint also alleges that AOL and
Compuserve developed a cash rebate program for customers who purchased a three
year subscription, but "failed to deliver the rebates to consumers within the
promised time period" and "extended the time period in which they would deliver
the rebates to consumers without consumers agreeing to this extension of time".
The FTC and AOL and Compuserve also entered
into an Agreement
Containing Consent Order [15 pages in PDF] that will remain in effect for
twenty years.
It orders that AOL and Compuserve "shall
establish and maintain appropriate measures for ensuring that consumers'
requests for cancellation of such service or continuity program are promptly
processed and that billing for such product or service will cease prior to the
next billing cycle." It also orders the two companies not to continue to charge
for service after a customer "has requested cancellation of such service".
The Order contains no fine. It contains no
admissions of wrongdoing by AOL or Compuserve.
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Ashcroft and Critics Continue Debate Over
Section 215 Access to Business Records |
9/23. Attorney General
John Ashcroft and his critics continued their debate over Section 215 of the
PATRIOT Act, which pertains to access to business records under the Foreign
Intelligence Surveillance Act (FISA). Most recently, the American
Library Association (ALA) demanded that the
Department of Justice (DOJ) release its data on how many times the section
has been used to obtain records from libraries. Ashcroft responded that it has never
been used, for library records, or any other business records.
Ashcroft's critics remain skeptical. ALA President Carla Hayden responded
that "In any case, we hope members of Congress will restore the historic
protections of library records and pass one of the legislative proposals
currently on the floor".
On September 23, the Center for Democracy and
Technology (CDT) responded that "It's a little hard to say what's really
going on here. One factor to consider is that the DOJ has at its disposal many
different authorities other than Sec. 215 for getting business records."
Ashcroft commenced that latest round of exchanges on September
15, when he gave a
speech in Washington DC in which he
stated that claims by the ALA and others that the Federal
Bureau of Investigation (FBI), which is a part of the DOJ, is
using the PATRIOT Act to monitor the reading habits of Americans are "hysteria
and hyperbole". See, story titled "Ashcroft Says American Library Association
Attacks on PATRIOT Act Are Hysteria and Hyperbole" in TLJ Daily E-Mail Alert No.
740, September 16, 2003.
ALA President Carla Hayden then issued a
statement on September 16 calling for the release of information. She stated
that "librarians have a history with law enforcement dating back to the McCarthy
era that gives us pause. For decades, and as late as the 1980s, the FBI's
Library Awareness Program sought information on the reading habits of people
from ``hostile foreign countries,´´ as well as U.S. citizens who held unpopular
political views."
Hayden then wrote that "Rather than ask the
nations' librarians and Americans nationwide to ``just trust him,´´ Ashcroft
could allay concerns by releasing aggregate information about the number of
libraries visited using the expanded powers created by the USA PATRIOT Act."
So, on September 18, Attorney General Ashcroft provided the data. He gave a
speech
in Memphis, Tennessee in which he stated that "The fact is, with just 11,000 FBI
agents and over a billion visitors to America's libraries each year, the
Department of Justice has neither the staffing, the time nor the inclination to
monitor the reading habits of Americans. No offense to the American Library
Association, but we just don't care."
He continued that "But just in case there are those who
persist in these fantasies, I asked the FBI and the Department of Justice to
declassify the report on how many times we have used the power to check library
records. And wouldn't you know it. So prying are we, so overheated is our
passion to know the reading habits of Americans that we have used this authority
exactly ... never. No one's reading habits have been reviewed. Not a single
American's library records has been reviewed under the Patriot Act."
"Not a single court in America has validated any of the
charges of violations of Constitutional rights in connection with the Patriot
Act" said Ashcroft. "And so the charges of the hysterics are revealed for what
they are: castles in the air. Built on misrepresentation. Supported by unfounded
fear. Held aloft by hysteria."
Ashcroft only addressed the use of Section 215 to obtain
library records in his speech. He went a step further in a
memorandum
dated September 18, that states that Section 215 has not been used for any types
of records.
The memorandum states, in part, that "This memorandum
confirms I have declassified the number of times to date the Department of
Justice, including the Federal Bureau of Investigation (FBI), has utilized
Section 215 of the USA PATRIOT Act relating to the production of business
records. The number of times Section 215 has been used to date is zero (0)."
However, Ashcroft's critics persist. On September 18 the
ALA's Hayden stated in a
release that ""In any case, we hope members of Congress will restore the
historic protections of library records and pass one of the legislative
proposals currently on the floor, such as the Freedom to Read Protection Act
sponsored by Congressman Bernie Sanders (I-Vermont)". This is
HR 1157.
She added that "Legislators and the general public can be
assured that traditional legal protections extended to library records are not
an obstacle to ensuring national security. We hope Congress will reject any
additional measures -- such as
H.R. 3037,
which would allow federal agents to use
administrative subpoenas to obtain library and business records without any
judicial review -- that might abridge the rights and protections afforded by our
Constitution."
On September 23 the Center for Democracy and
Technology (CDT), a group that argued against many provisions of
the PATRIOT Act while it was being debated in 2001, issued a
statement.
"Now, the DOJ claims that criticism and defense were both misguided, for
Section 215 has never been used, not for the travel records covered pre-PATRIOT,
not for library records, not for records of people taking scuba lessons or
buying bomb-making materials or anything else. What gives?", the CDT asked
rhetorically.
The CDT offered that "It's a little hard to say what's really going on here.
One factor to consider is that the DOJ has at its disposal many different
authorities other than Sec. 215 for getting business records."
The CDT then outlined various other mechanisms that the FBI might use to
obtain library and other records, other than through Section 215. For example, the government can
ask for records holders to voluntarily turn over records. Second, the government
can purchase data from data warehousing and aggregating companies. Third, the
government can use the grand jury process, including grand jury subpoenas for
business records. Fourth, the government can use National Security Letter
authority.
The CDT concluded that "It's still not clear that we have the full picture.
It seems very strange that since the PATRIOT Act was enacted in October 2001 the
DOJ has never once used Section 215 to compel disclosure of travel records or
car rentals records or records of the purchase of bomb-making material or
anything else."
Background on Section 215. When the ALA and other groups
complain about monitoring libraries, they are alluding to Section 215 of the USA
PATRIOT Act. This statute was enacted in late 2001
after the terrorist attacks of September 11, 2001. USA PATRIOT is an acronym for the full title of the bill,
"Uniting and Strengthening America by Providing Appropriate Tools Required to
Intercept and Obstruct Terrorism Act of 2001". The final version of this bill
was numbered
HR 3162. It became Public Law 107-56 on October 26, 2001.
Section 215 amends the Foreign Intelligence Surveillance Act of 1978 (FISA),
which is codified at 50 U.S.C. § 1861 et seq. That is, it is a FISA provision
that only applies to foreign powers, and agents of foreign powers, including
international terrorists.
Section 215 amends the section of the FISA that provides for "Access to
Certain Business Records for Foreign Intelligence and International Terrorism
Investigations". Section 215
provides, in part, that "The Director of the Federal Bureau of Investigation or
a designee of the Director (whose rank shall be no lower than Assistant Special
Agent in Charge) may make an application for an order requiring the production
of any tangible things (including books, records, papers, documents, and other
items) for an investigation to protect against international terrorism or
clandestine intelligence activities, provided that such investigation of a
United States person is not conducted solely upon the basis of activities
protected by the first amendment to the Constitution." (Parentheses in
original.)
Section 215 further provides that "Each application under this section ...
shall be made to ... a judge of the court ... or ... a United States Magistrate
Judge ..."
Also, Section 215 requires that this application "shall specify that the
records concerned are sought for an authorized investigation conducted in
accordance with subsection (a)(2) to obtain foreign intelligence information not
concerning a United States person or to protect against international terrorism
or clandestine intelligence activities."
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Wednesday, September 24 |
The House will meet at 10:00 AM for legislative business. See,
Republican Whip Notice.
Day one of a two day conference hosted by the
Computer & Communications Industry
Association (CCIA). Press contact: Gregory Minchak at 202-783-0070 ext.
109 or gminchak@ccianet.org.
Location: The Ritz-Carlton Georgetown, 3100 South Street, NW. The agenda
includes the following speeches:
• 11:45 AM. Luncheon: Michael Gallagher (Acting Director of the NTIA).
•
1:45 PM. Rep. Zoe Lofgren (D-CA).
•
2:30 PM. Rep. Robert Matsui (D-CA).
•
3:30 PM. Roundtable on software security: Daniel Greer and
Perry Metzger.
9:30 AM. The Senate
Judiciary Committee will hold a hearing on several pending judicial nominations,
including those of Claude Allen to be a Judge of the
U.S. Court of Appeals for the Fourth
Circuit, and Dale Fischer to be a Judge of the
U.S. District Court for the Central
District of California. See,
notice. Press
contact: Margarita Tapia (Hatch) at 202 224-5225 or David Carle (Leahy) at
202 224-4242. Location: Room 226, Dirksen Building.
10:00 AM. The
House Commerce Committee's Subcommittee on Commerce, Trade, and Consumer
Protection will meet to mark up several bills, including HR __, the "Fairness
to Contact Lens Consumers Act" and HR __, the "International Consumer
Protection Act of 2003". See,
notice.
The event will be webcast. Location: Room 2123, Rayburn Building.
10:00 AM. The House Judiciary
Committee will meet to mark up several bills, including
HR 1417,
the "Copyright Royalty and Distribution Reform Act of 2003". The event
will be webcast. Press contact: Jeff Lungren or
Terry Shawn at 202 225-2492. Location: Room 2141, Rayburn Building.
11:00 AM. The Cato Institute
will host a panel discussion titled "Telecom & Broadband Outlook After the
FCC's UNE Triennial Review Decision". The speakers will be Tom Tauke (Verizon), John Windhausen (Association for Local Telecommunications Services),
Ray Gifford (Progress & Freedom Foundation),
and John Malone (Eastern Management Group). To register, contact Krystal Brand
at kbrand@cato.org or use the online
registration page. Lunch
will follow the program. Location: Cato, 1000 Massachusetts Avenue, NW.
1:00 PM. The House Commerce
Committee will hold a hearing titled "The Future of Universal Service".
The event will be webcast. Press contact: Ken Johnson or Jon Tripp at 202
225-5735. Location: Room 2123, Rayburn Building.
6:00 - 8:15 PM. The Computer & Telecommunications Law Section of the D.C.
Bar Association will host a CLE seminar titled "Ethics and the Internet".
Prices vary. For more information, call 202 626-3488. Location: D.C. Bar
Conference Center, 1250 H Street NW, B-1 level.
The Federal Communications
Commission (FCC) will hold a narrowband PCS spectrum auction. This is
Auction No. 50. See,
notice in the Federal Register, March 28, 2003, Vol. 68, No. 60, at Pages
15174 - 15188, for procedures, minimum opening bids, and revised inventory and
start date, and other information. See also, FCC
notice.
The National Institute of Standards and
Technology (NIST) and
The Instrumentation and Measurement Society of the Institute of Electrical
and Electronics Engineers (IEEE) will host an event titled "Workshop on
IEEE-1588 Standard for a Precision Clock Synchronization Protocol for
Networked Measurement and Control Systems". See, NIST's
notice
and IEEE-1588 pages. Location: NIST,
Gaithersburg, MD.
Day one of a three day course hosted by the
National Institute of Standards and Technology
(NIST), and offered by MIS Training Institute, titled "Securing and Auditing
Virtual Office Networks". The price to attend is $435. See,
notice.
Location: NIST, Gaithersburg, MD.
Deadline to submit comments to the Federal
Communications Commission (FCC) in response to its notice of proposed
rulemaking (NPRM) regarding telecommunication relay services (TRS) and
speech-to-speech services for individuals with hearing and speech
disabilities. This is CG Docket No. 03-123. See,
notice
in the Federal Register, August 25, 2003, Vol. 68, No. 164, at Pages 50993 -
50998.
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Thursday, September 25 |
The House will meet at 10:00 AM for legislative business. See,
Republican Whip Notice.
Day two of a two day conference hosted by the
Computer & Communications Industry
Association (CCIA). Press contact: Gregory Minchak at 202-783-0070 ext.
109 or gminchak@ccianet.org.
Location: The Ritz-Carlton Georgetown, 3100 South Street, NW. The agenda
includes the following speeches:
• 8:00 AM. Rep. Martin Frost (D-TX).
• 8:45 AM. Rep. Cliff Stearns (R-FL).
• 9:30 AM. Rep. Rick Boucher (D-VA).
• 10:15 AM. Rep. Robert Menendez (D-NJ).
• 10:45 AM. Sen. Ron Wyden (D-OR).
• 12:00 NOON. Luncheon: Sen. Sam
Brownback (R-KS).
• 2:00 PM. Bruce Mehlman, Assistant Secretary of Commerce for Technology.
• 2:45 PM. Hewitt Pate,
Assistant Attorney General for the Antitrust Division.
• 3:30 PM. Marsha MacBride, FTC Office of Strategic Planning.
9:00 AM - 5:00 PM. Day one of a two day conference pubic workshop by the
National Institute of Standards and Technology
(NIST) on building secure configurations, security settings, and security
checklists for information technology products widely used in the federal
government. See,
notice in the Federal Register, July 11, 2003, Vol. 68, No. 133, at Pages
41313 - 41314. Location: NIST, Lecture Room B, Bldg 101, Gaithersburg, MD.
9:00 AM. The Federal Communications
Commission's (FCC) North American Numbering Council (NANC) will meet. See,
notice in the Federal Register, September 2, 2003, Vol. 68, No. 169, at
Page 52210.
9:30 AM. The Senate Judiciary
Committee will hold an executive business meeting. The agenda includes
consideration of several judicial nominees, including Carlos Bea (U.S.
Court of Appeals for the 9th Circuit), Henry Saad (U.S. Court of
Appeals for the 6th Circuit), Charles Pickering (U.S. Court of Appeals
for the 5th Circuit). See,
notice.
This committee frequently departs from the announced agendas of its business
meetings. Press contact:
Margarita Tapia (Hatch) at 202 224-5225 or David Carle (Leahy) at 202
224-4242. Location: Room 226, Dirksen Building.
9:30 AM. The U.S. District Court
(DC) will hold a status conference in Genentech v. Rogan, D.C. No.
03-0050. Location: Courtroom 2, 333 Constitution Ave., NW.
10:00 AM - 12:00 NOON. The
House Science Committee will hold
a hearing titled "Keeping the Lights on: Removing Barriers to Technology to
Prevent Blackouts". The witnesses will be James Glotfelty (U.S. Department
of Energy), T.J. Glauthier (Electricity Innovation Institute), Vernon Smith
(Professor at George Mason University), and Tom Casten (Private Power LLC).
Location: Room 2318, Rayburn Building.
11:00 AM. Rep. Ernest
Istook (R-OK), Rep. William Delahunt
(D-MA), other representatives, and state legislators will hold a press conference
to announce the introduction of HR __, the "Streamlined Sales and Use Tax
Act". Press contact: Nicole Rowe at 202 789-2111. Location: Cannon Terrace,
Cannon Building.
Day two of a three day course hosted by the
National Institute of Standards and Technology
(NIST), and offered by MIS Training Institute, titled "Securing and Auditing
Virtual Office Networks". The price to attend is $435. See,
notice.
Location: NIST, Gaithersburg, MD.
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Friday, September 26 |
The House will not meet. See,
Republican Whip
Notice.
9:00 AM - 5:00 PM. Day two of a two day conference pubic workshop by the
National Institute of Standards and Technology
(NIST) on building secure configurations, security settings, and security
checklists for information technology products widely used in the federal
government. See,
notice in the Federal Register, July 11, 2003, Vol. 68, No. 133, at Pages
41313 - 41314. Location: NIST, Lecture Room B, Bldg 101, Gaithersburg, MD.
Day three of a three day course hosted by the
National Institute of Standards and Technology
(NIST), and offered by MIS Training Institute, titled "Securing and Auditing
Virtual Office Networks". The price to attend is $435. See,
notice.
Location: NIST, Gaithersburg, MD.
Deadline to submit reply comments to the
Federal Communications Commission's (FCC)
Notice of Inquiry (NOI) that solicits "data and information on the status
of competition in the market for the delivery of video programming for our
tenth annual report".
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Monday, September 29 |
2:00 - 4:00 PM. The
Federal Communications Commission's (FCC)
Federal Advisory Committee on Diversity in the Digital Age will hold
its first meeting. See,
notice in the Federal Register, September 10, 2003, Vol. 68, No. 175, at
Pages 53376 - 53377.
Location: FCC, Commission Meeting Room, Room TW-C305, 445 12th St. SW.
12:15 PM. The Federal
Communications Bar Association's (FCBA) Young Lawyers Committee will host
a brown bag lunch. The topic will be "Hot Topics in Consumer Affairs". For
more information, contact Pam Slipakoff at 202 418-7705 or
pslipako@fcc.gov.
Location: Hogan and Hartson, 555 13th Street, NW.
Deadline to submit nominations to the Federal
Communications Commission (FCC) for membership on the FCC's Intergovernmental
Advisory Committee (IAC), which was previously known as the Local and State
Government Advisory Committee. The FCC stated that this Committee provides
"ongoing advice and information to the Commission on a broad range of
telecommunications issues of interest to state, local and tribal governments,
including cable and local franchising, public rights-of-way, facilities siting,
universal service, broadband access, barriers to competitive entry, and public
safety communications, for which the Commission explicitly or inherently shares
responsibility or administration with local, county, state, or tribal
governments." The deadline to submit nominations is September 29, 2003. See, FCC
release [PDF] and FCC
notice [3 pages in PDF].
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Tuesday, September 30 |
10:00 AM. The Senate Banking
Committee will hold a hearing titled "State of the Securities Industry".
Securities and Exchange Commission (SEC)
Chairman William
Donaldson will testify. See,
notice. Location: Room 538 Dirksen Building.
Deadline to submit applications to the National
Institute of Standards and Technology (NIST) for its
Electronics and Electrical
Engineering Laboratory Grants Program (EEEL). The NIST stated that the EEEL Grants
Program provides "grants and cooperative agreements for the development
of fundamental electrical metrology and of metrology supporting
industry and government agencies in the broad areas of semiconductors,
electronic instrumentation, radio-frequency technology,
optoelectronics, magnetics, video, electronic commerce as applied to electronic
products and devices, the transmission and distribution of electrical power,
national electrical standards (fundamental, generally quantum-based
physical standards), and law enforcement standards." See,
notice in the Federal Register, February 20, 2003, Vol. 68, No. 34, at Pages
8211-8226.
Deadline to submit comments to the
Transportation Security
Administration (TSA) in response to it
second Privacy Act notice and request for comments regarding its proposal to
establish a new system of records to support the development of a new version
of the Computer Assisted Passenger Prescreening System, CAPPS II. See, Federal
Register, August 1, 2003, Vol. 68, No. 148, at Pages 45265 - 45269.
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FRB Governor Addresses Info Tech and
Consumer Financial Services |
9/22. Federal Reserve Board
(FRB) Governor Mark Olson
gave a
speech in San Antonio, Texas titled "Increased Availability of Financial
Products and the Need for Improved Financial Literacy" in which he addressed the
role of information technology in the financial services industry.
Olson began by noting that "Many of the changes in the delivery and
production of financial services are directly attributable to advances in
technology and telecommunications. Just as it has in nearly every other area of
the economy, technological progress has dramatically increased organizational
efficiency and enhanced consumer convenience in the financial services
industry."
He stated that "consumer use of computers to conduct financial activities
continues to grow in popularity". For example, the Federal Reserve's 2001 Survey
of Consumer Finances (SCF) "revealed that 19 percent of families accessed at
least one of their accounts via the Internet, which is five times more than the
number of families responding to this question on the 1995 SCF."
He also stated that "the development of credit scoring technology has had the
most significant effect on the evolution of the financial services industry. The
widespread use of computer models to evaluate and predict credit risk has had a
tremendous impact on institutions' ability to reduce underwriting costs and has
increased opportunities for identifying new customers."
He concluded that the "culmination of improvements in information processing
technology, product innovation, the relaxation of regulatory restrictions, and
enhanced competition has helped lower costs and increase accessibility to
credit" and contributed to the "democratization of credit".
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People and Appointments |
9/22. The Senate confirmed Glen Conrad to be a Judge of the U.S.
District Court for the Western District of Virginia by a vote of 89-0. See,
Roll Call No. 354.
9/22. The Senate confirmed Henry Floyd to be a Judge of the U.S.
District Court for the District of South Carolina by a vote of 89-0. See,
Roll Call No. 355.
9/23. President Bush nominated Louis Guirola to be a
Judge of the U.S. District Court for the Southern District of
Mississippi. See, White House
release.
9/23. President Bush nominated Judith Herrera to be a
Judge of the U.S. District Court for the District of New Mexico.
See, White House
release.
9/23. Mark Corallo was named Director of Public Affairs at the
Department of Justice (DOJ). He has been the
Principal Deputy Director of Public Affairs at the DOJ since March 2002. Before
that, he was Communications Director of the
House Government Reform Committee
from 1999 to 2002. And before that, he was Press Secretary for former Rep Bob
Livingston (R-LA) from 1997 to 1999. See,
DOJ release.
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More News |
9/18. The
Federal Trade Commission (FTC) announced that it filed an
amended complaint [8
pages in PDF] in U.S. District Court (NDIll)
against Brian Westby and others alleging deceptive trade
practices in violation of Section 5 of the Federal Trade Commission Act (FTCA),
codified at 15 U.S.C. §
45, in connection with their sending spam e-mail that spoofs the return
e-mail addresses of others, contains false information in subject lines, and
contains false removal information.
9/22. Paxson Communications filed a petition for review of the
Federal
Communications Commission's (FCC) media ownership order with the
U.S. Court of
Appeals (DCCir). It previously filed a petition for review with the Third
Circuit. It stated in the present petition that it wanted to assure its participation
in any DC Circuit
proceeding in the event that the consolidation order "does not render venue
proper in the Third Circuit". This is Appeals Court No. 03-1287.
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About Tech Law Journal |
Tech Law Journal publishes a free access web site and
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